Starting or Expanding a BusinessStarting a new business is both exciting and rewarding but it is also full of challenges. The level of commitment you need should not be underestimated. The success of your business will mostly depend on the research collected before and during the completion of a business plan. When planning an expansion to your business you may need a business plan to seek financing or new space. Much of the same information on business planning and municipal requirements will also apply to you. Business PlanningEvery business should have a realistic working business plan. A business plan is a written document that describes the business, its objectives, its strategies, its market, and its financial forecasts. To help move your business idea into a business plan, local agencies will work with you one-on-one to help identify your skill set, define your product or service, and determine the market potential to create a business plan and seek funding for a new business. As well, these organizations can help you create plans for expansion. Their services are free of charge.
Gateway West
Humber Community Business Development Corporation
Newfoundland and Labrador Organization of Women Entrepreneurs Conducting Market ResearchMarket research can be your first start to moving your idea into a business plan. The Canada/Newfoundland and Labrador Business Service Centre has information about the many areas of business. You can access their services online or by calling toll-free at 1-800-668-1010. Satellite local offices
Humber Community Development Corporation
Department of Innovation, Trade & Rural Development Statistics Canada is a great resource for conducting comparison analysis and gathering information on:
Community Accounts is a provincial statistics database that has information based on the community or area in which you have chosen to operate your business. The website is organized to show statistics in the areas of demographics, income, education, employment, etc. |
City of Corner Brook