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3 Important Business Services for New Companies

Just as it is said that it takes a village to raise a child, it is also true that it takes many business services to start and grow a newly born company. While all business services are important, there are a few that are essential for success.
Just as it is said that it takes a village to raise a child, it is also true that it takes many business services to start and grow a newly born company. While all business… http://wocfdca.com/blog/2017/02/3-important-business-services-new-companies/

How Commercial Loans Are Different From Other Financing

Commercial loans are different from other financing. Lending rates and approval criteria are more varied and commercial loans run for much shorter periods.
Commercial loans are far different than any other type of financing. With most types of financing, all that is necessary is that the loan be collateralized and the borrower has… http://wocfdca.com/blog/2017/02/how-commercial-loans-are-different-other-financing/

Conducting Business in Rural Development Areas

“Location, location, location” is the mantra we often hear when it comes to choosing a location for a home or business, but this can further be useful when one considers that many aspects of how a business is operated will depend on the location selected
“Location, location, location” is the mantra we often hear when it comes to choosing a location for a home or business, but this can further be useful when one considers that many… http://wocfdca.com/blog/2017/02/conducting-business-rural-development-areas/

How to Create a Business Plan in 5 Easy Steps

It is tempting to think you don’t need a business plan – it’s all in your head, right? Or your management style is instinctive?
It’s tempting to think you don’t need a business plan – it’s all in your head, right? Or your management style is instinctive? That can all be true, but it doesn’t replace the… http://wocfdca.com/blog/2017/02/how-create-business-plan-5-easy-steps/

How to Promote Economic Development and Market Your Small Business

There are several ways to promote economic development where you live by using these simple, yet effective methods to advertise your business.
If you recently started your own business, you may believe that coming up with a marketing plan to further economic development in your town is difficult and expensive. However,… http://wocfdca.com/blog/2017/02/promote-economic-development/

3 Smart Ways to Manage Your Business' Commercial Loans

Be smart with your business commercial loans. Borrow only if necessary, don't mix personal and business funds, and manage cash flow diligently.
For many business owners, commercial loans are a necessity to purchase materials, hire employees, and get operations started. If you are a small business owner, and you borrowed… http://wocfdca.com/blog/2017/02/3-smart-whays-manage-your-business-commercial-loans/

4 Tips for Success When Starting a Small Business

To be successful when starting a small business get clients first, don't do it alone, do the research, and be professional.
When starting a small business, you may wish to consider doing so while you are still working. If you’re like most of us, you couldn’t live for very long without money, and it may… http://wocfdca.com/blog/2017/02/4-tips-success-when-starting-small-business/

Small Businesses Have a Significant Impact on Economic Development

Small businesses are major contributors to economic development. They are building blocks for Canada’s largest corporations and create jobs.
Small businesses might not generate as much revenue as big corporations, but they are a major contributor to, and a vital component of, economic development. Small businesses… http://wocfdca.com/blog/2017/02/small-businesses-have-significant-impact-economic-development/

How to Hold Onto Your Most Valuable Business Resource: Your Staff!

It doesn’t matter what you invent, make or sell. Your company can’t move forward without employees. Very simply, they are by far the most valuable of all your business assets. However, like any business resource or asset, your people must be properly ‘mai…
It doesn’t matter what you invent, make or sell. Your company can’t move forward without employees. Very simply, they are by far the most valuable of all your business assets.… http://wocfdca.com/blog/2017/02/how-hold-your-most-valuable-business-resource-your-staff/

Business Ventures May Access Commercial Loans Up to $500,000

WOCFDCA members offer 2 commercial lending options to Southwestern Ontario entrepreneurs. CFDCs may lend up to $250,000 and SOFII $150,000-$500,000.
At WOCFDCA (Western Ontario Community Futures Development Corporation), we understand that some of your most serious challenges as the owner of a small or medium-sized business… http://wocfdca.com/blog/2017/02/business-ventures-may-access-commercial-loans-500000/

Business Consulting Services Offer Effective Marketing Strategies

Often, small businesses don’t have a marketing manager or marketing director. This means they are at risk of implementing advertising and marketing strategies that don’t pay off, simply because they are usually misdirected and/or have insufficient informa…
Often, small businesses don’t have a marketing manager or marketing director. This means they are at risk of implementing advertising and marketing strategies that don’t pay off,… http://wocfdca.com/blog/2017/02/business-consulting-services-offer-effective-marketing-strategies/

Coaching is a Vital Component of Business Services

When receiving business coaching be sure you know what you want to achieve, be prepared to work, don't restrict yourself to finances, and be honest.
Small businesses in any type of industry can benefit greatly from business services such as coaching. If you decide to work with a coach, there are a few things you should know to… http://wocfdca.com/blog/2017/02/coaching-vital-component-business-services/

A Business Plan Is Essentially a Sales Document

For every entrepreneur, a business plan is a valuable tool – whether you’re ready to grow, have been in business for years, or are just starting up. Your business plan is essentially a sales document because it must convince readers that your venture can …
For every entrepreneur, a business plan is a valuable tool – whether you’re ready to grow, have been in business for years, or are just starting up. Your business plan is… http://wocfdca.com/blog/2017/02/business-plan-essentially-sales-document/

Business Growth: Get Your Customers to Spend More Money

When you’re starting out in business, you’re looking for all sorts of ways to grow the business. Most time is spent chasing new customers and growing that way. But let’s look at a few ideas to grow a business with the customers you already have.
When you’re starting out in business, you’re looking for all sorts of ways to grow the business. Most time is spent chasing new customers and growing that way. But let’s look at a… http://wocfdca.com/blog/2017/02/business-growth-get-your-customers-spend-more-money/

Eligibility Criteria for Commercial Loans from SOFII

SOFII helps small/medium sized businesses through commercial loans to innovate, create employment opportunities, and improve economic development.
The SOFII (Southern Ontario Fund for Investment in Innovation) is a program designed to help small- and medium-sized businesses grow by offering them commercial loans to innovate… http://wocfdca.com/blog/2017/02/eligibility-criteria-commercial-loans-sofii/

6 Small Business Funding Myths

At WOCFDCA (Western Ontario Community Futures Development Corporation Association), we understand the challenges you face as the owner of a small or medium-sized business. Here are 6 common myths small business owners believe about funding.
Myth #1: Business plans alone generate business funding. Of course, most financing options require plans, but nobody actually invests in a plan. A lender or potential investor… http://wocfdca.com/blog/2017/02/6-small-business-funding-myths/

Make Finding Great Employees Part of Your Business Planning

Find great employees by taking the time to develop an attractive job posting and interact with them before an interview via phone call or email.
As you start business planning, you may feel invincible. Although enthusiasm is an essential part of the business planning process, it’s important that you keep in mind that you… http://wocfdca.com/blog/2017/02/make-sure-finding-great-employees-part-your-business-planning-process/