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Starting a Business

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Create a Business Plan

If you were going to build a house, it would be helpful to have a construction plan. Similarly, for business, it is important to have a business plan. A business plan is a specific kind of report that is created to describe your business and how it will be successful over a period of three or more years. It is your roadmap to help you get from being a start-up business to a profitable business.

A business plan can help you to:

  • Understand your business in more detail
  • Turn your ideas and money into a successful business
  • Get financing for your business from lenders and investors
  • Identify the strengths, weaknesses, opportunities, and threats that may impact your success

The Canada Business Network website contains everything you need to know about creating a business plan, including helpful templates and samples.