Create a Business Plan

There are many facets to starting a business - determining what you need to know can be challenging.  Do you struggle with sorting through which regulations and permits apply to you?  Do you understand the business structure and registration process?  Muskoka Small Business Centre (MSBC) provides an all in one business resource centre.  You need to consider everything that may apply to starting your business - MSBC is here to help you do this through free confidential consultations, seminars and workshops.

The first step with any business is the planning.  As you think about each stage of your business, write it down.  This is called a business plan and it's not as hard as some people think.  This provides a guide as you start to implement your business initiative. 

What is a Business Plan?  Simply put, it's a written document which describes who you are, what you plan to achieve, where your business will be located, when you expect to get under way, and how you will overcome the risks involved and provide the returns.

Why do you need a Business Plan?   To be successful!  Planning and preparing will help you identify any pitfalls and ensure that business growth will be profitable. Additionally, if you wish to apply for funding, you will need a business plan to provide information to your potential lender, investor or supplier to show how you plan to use their money, establish credibility and show potential for repayment.