Today our members were treated to a free Lunch & Learn workshop presented by the Business Development Bank Of Canada (BDC) on Starting a New Business.
Everisto, Senior Business Development Manager at BDC, explored what an entrepreneur is and what banks look for when entrepreneurs need to secure the financing they need to get their businesses off the ground.
If you are looking to approach BDC or explore other institutions for financing, you should be prepared with three things: a business plan, a good credit history, and a down payment.
Your business plan should include an executive summary, a description of your company, a description of your management team, your marketing plan, your human resources plan, financial planning, and any other information that can boost your credibility.
Jason, Manager of the BDC Business Centre in Sherwood Park, recommends that you go to the bank before you start finding suppliers or start your business, to protect your credit score. Don’t wait until times get tough – explore your financing options, so you know it’s available if you need it.
If you want to explore how BDC can help out your start-up with financing, visit their website at www.bdc.ca.
Other financing options BDC suggested you can explore include your current chartered bank (ask your bank about CSBFL!), Alberta Women’s Entrepreneurs, Community Futures, Futurepreneur and other government agencies.
Everisto is a regular at our Breakfast Network Meetings. If you have any questions about financing or support that BDC can provide, please reach out to him and his team!