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’ workshop, designed to help you find all the information you need to start and grow your business.That includes everything from market conditions and potential legal issues through to consumer behaviour.
If you’re planning to open a restaurant that would require you to spend long hours away from home, it is important to assess how you plan to reconcile those two conflicting priorities.
It may sound silly but external feedback can offer invaluable insights on your strengths and weaknesses, while additionally identifying potential wins and problem areas for your business in the future.
If you’re taking your first steps into business you’re going to need all the advice and support you can get.
Make sure you enrol in our ‘How do I research a business idea?
At Community Futures Manitoba, we couldn’t be more excited for you!
Before picking up that pen, though, take a few minutes to consider the following nine questions that can prepare you for success when writing your business plan.Although we have covered a lot in our business planning section, sometimes it’s easier to have all questions and answers in one place, put succinctly and simply.The following are some of the more common questions you may have about business planning: The short answer to this is, yes.At the Business & IP Centre we have access to £5m worth of industry reports from top publishers such as Mintel, Frost & Sullivan and Euromonitor, as well as company data from over 144 million UK and global companies to help you better understand your target markets. You’ve been mulling over an idea for a new start-up and you’re ready to put it down on paper as a business plan.This will ensure that you’re launching a business for the right reasons, and serve as a future reminder about why you started down the path toward entrepreneurship in the first place. Does your business idea—and entrepreneurship in general—match up with your core values?For instance, let’s say that your number one priority is spending time with your children because family is at the top of your values list.Follow this with an outline of your operations and how your business works on a day to day basis and conclude with a look at the current financial situation.These are just the broad elements of a business plan; for more details about what goes into a business plan, read our ‘what is a business plan’ (link to article) article that goes into more depth.Reach out to experts in your niche, successful businesspeople in your community, and personal or professional mentors to talk about your idea.Their advice and discussion can be invaluable, especially when it comes to avoiding mistakes that cost them substantial time or money.