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Futurpreneur Canada’s Start-Up Program takes your passion and turns it into a reality.Get up to ,000 in financial support, and the support of one of our 3,000 mentors.Mention the "value proposition"-how valuable your product is to your customers.
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He has been using the Internet since 1977, was a co-founder of FTP Software in 1986, and worked on the design team of Harvard Business School's "Foundations" program.
Stever holds an MBA from Harvard Business School and a computer science degree from MIT. The opinions expressed in this column are those of the author, not of
Include two to five years of financial projections (called pro formas).
Even if you can't predict the future exactly, creating the projections forces you to identify and double-check your assumptions.If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of one. You start here, today, with certain resources and abilities.And you want to get to there, a point in the future (usually three to five years out), at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets.This article was co-authored by our trained team of editors and researchers who validated it for accuracy and comprehensiveness.Together, they cited information from 12 references.It also received 12 testimonials from readers, earning it our reader-approved status. No matter your business idea, whether it’s selling jewelry, landscaping or grooming animals, a business plan is a good way to demonstrate the idea’s potential for success.A basic business plan will help guide you in thinking through the feasibility of an idea, and it is tailored to reflect your purpose for writing the plan and tailored to the audience who will be reading the plan.Then evaluate your most popular and top selling products and use this information to determine what you stock.You may want to consider also creating a budget to best fit your limiting factors when taking results from income statements.As an entrepreneur, technologist, advisor and coach, Stever Robbins seeks out and identifies high-potential start-ups to help them develop the skills, attitudes and capabilities they need to succeed.He has been involved with start-up companies since 1978 and is currently an investor or advisor to several technology and Internet companies including ZEFER Corp., University Access Inc., Renal Tech, Crimson Soutions and Prime Source.