Small Business Start-Up
The focus of our Career Transition Programs can be customized to assist individuals who are contemplating self-employment.
Prior to the full implementation of our Small Business Start Up Program, we thoroughly assess individuals to ensure the viability of this option for them, utilizing a variety of assessment instruments, questionnaires and exercises. If we have determined that they are well suited to self-employment, we then coach them through each aspect of the program on an individual basis.
Depending on the duration of the program, we may include any combination of the following elements:
PHASE 1
Entrepreneurship Profile Assessment - Motivating Forces - Analysis of Small Business Idea - Options and Risk Assessment
- Advantages and Disadvantages - Factors that Encourage Success - Overview of the Decision-Making Process
- Legal and Financial Advice
Individual meetings with a Corporate Lawyer and a Financial Planner to gain a full understanding of the legal and financial
implications of starting a business
PHASE 2
- What it Takes to Run A Successful Small Business
- Networking with Small Business Owners to Identify Potential Obstacles
- Types of Business and The Pros and Cons of Each
- Starting Your Own - Buying A Business - Operating a Franchise
- Organizing the Business
- Legal Forms of Business - Name Registration and Search - Use of Professionals - Shareholder Agreements
- Administration of the Business
- Registration, Licenses, Permits - Federal and Provincial Employer Responsibilities - Insurance Risks - Accounting - Selecting a Location to Operate From - Human Resource Policies and Practices
- Financing a Business
- Capital Required - Cash Flow Statement - Personal Assets and Liabilities - Business Terms and Conditions - Sources of Financing - What Lender Look For - Financial Plan
- Corporate / Personal Tax
- Incorporation and Taxation - Linking Corporate and Personal Tax Implications - Allowable Business Expenses - Incoming Sharing Rules - Record Keeping
- Developing the Business Plan
- Market Analysis - Marketing Plan - Operation Plan - Budget - Cash Flow Plan
- Operating the Business
- Mission - Goals - Monitoring Systems
- Business Vulnerabilities
- Key Trends - External Impacts Beyond Internal Control - Key Warning Signals - Action Plan for Vulnerabilities
- Running the Business
- Development of Marketing Materials - Marketing Strategies - Effective Management of Your Business - Creating Profitability
The above program is designed for management and executive level individuals. It is adjusted significantly for other levels. Detailed program workbook will be supplied.
Hear what candidates who have considered or pursued self-employment or small business start-up as a result of participating in our Career Transition Programs have to say about us.
