qprev_HBB Manual 2.qxd - Small Business BC

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This document has been developed for the Internet by the Ministry ofCompetition, Science and Enterprise, Province of British Columbia andWestern Economic Diversification Canada, Federal Government of Canada.Ministry of Competition, Science and Enterprisewww.gov.bc.ca/cse/Western Economic Diversification Canadawww.wd.gc.caRevised June 2002
Page 6 and 7: Estimate Your Market Share 76Foreca
Page 10 and 11: career transition. Others - retiree
Page 12 and 13: 1Is Home theBest Choice for You?Koo
Page 14 and 15: Then you can play to those strength
Page 16 and 17: Expectations in this area are seldo
Page 18 and 19: Are You Ready to Be Home-Based?Use
Page 20 and 21: Know What to Look forSources of bus
Page 22 and 23: do right? What could you be good at
Page 24 and 25: Search through SourcesYou’ll find
Page 26 and 27: make you question whether the time
Page 28 and 29: Understand What InformationYou’ll
Page 30 and 31: offer continuing business education
Page 32 and 33: Trade-MarkA trade-mark can be a sym
Page 34 and 35: Corporation or Incorporated Company
Page 36 and 37: that lender. This may save you the
Page 38 and 39: In your Business Plan the “busine
Page 40 and 41: perhaps a videotaping service would
Page 42 and 43: • Comparing other products and se
Page 44 and 45: Estimating market share involves th
Page 46 and 47: intended customers. A number of fac
Page 48 and 49: Market profile: What to includeThe
Page 50 and 51: • Time is of the essence - Respon
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generate sales. It can also be indi
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keep records of actual costs, the c
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Promote Your BusinessAdvertising an
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consumer try a new product or a dif
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Know Your ImageImage is an importan
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4How Will You Operate?Murray’s La
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Shall not consist of:• Occupation
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Ways of getting a home-based place
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emarkably, and, perhaps the main be
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• Estimate how much of each suppl
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files or index cards. Choose a meth
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You will probably already have some
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It is important to keep this part o
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Understand the BasicsStarting vs. O
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Secure Operating CapitalEquity Fina
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3. Wear their shoes - Every investo
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• Supplies and materials costs•
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These were introduced in Chapter Th
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• Include packaging and delivery
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• Research costs.• Licenses and
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Common mistakesAvoid these typical
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6Can You Manage theBusiness?Suburbi
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6. Divide your work into blocks tha
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• Claim as deductions from taxabl
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Respond to GrowthYou’ve got a gre
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Seek Strategic AlliancesThe downsiz
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need to be sure there really are ad
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Just two examples illustrate the ki
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need to be clear on the advantages
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Success factors for E-CommerceIf yo
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as part of your ongoing review as y
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• Are business/professional activ
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9. If purchasing a business, pay al
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Appendix AList of Business TermsAcc
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Appendix BList of ResourcesMany mat
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Appendix COrganizationsGeneral Orga
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• light manufacturing• hair sty
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Appendix EEntrepreneurial Evaluatio
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9-12: Lacks some qualities but with
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Communication• telephone system i
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Legal7-1 General Legal7-2 Business
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ProsConsInternet• Able to reach a
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Appendix JSample Income StatementDo
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Appendix LSample Forecasted Balance
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Appendix NAssistance DirectoryUse t
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