Personal Readiness

BDC’s Entrepreneurial Potential Self-Assessment

• www.bdc.ca
• Articles and Tools
• Entrepreneurs Toolkit

Motivations – Factors that determine behavior

• Need for achievement / success
• Need for challenges / ambition
• Self-sufficiency / freedom
Aptitudes – Natural competencies, abilities, inclination
• Perseverance / determination
• Self-confidence / enthusiasm
• Tolerance for ambiguity / resistance to stress
• Creativity / imagination
Attitudes
• Perception to act upon one’s destiny
• Action-oriented

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Business plan templates
• Business Development Bank of Canada (BDC)
– www.bdc.ca
• Canada Business Network
– http://canadabusiness.ca
• Futurpreneur
– www.futurpreneur.ca
• Commercial Banks and lending institutions

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Information about regulations
• www.bizpal.ca
– For federal, provincial and some municipal
licenses
• www.canadabusiness.ca
– For regulations, licenses and general information
• www.toronto.ca/enterprisetoronto
– For information about business registration,
regulations and municipal licensing
• Professional and trade associations

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Sources of Financing
• Yourself
• Friends and family
• Other business people
• Angel Investors
- www.nacocanada.com
• Venture Capital
– www.cvca.ca
– BDC
• Going Public
– www.tmx.com
– www.osc.gov.on.ca
• Government
– www.thefundingportal.com
– www.canadabusiness.ca
– www.onebusiness.ca
• Crowdfunding
– http://ncfacanada.org/

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Government banks
• Business Development Bank of Canada (BDC)
– typical client requires > $50,000 debt
– non technology companies must have a track record,
experienced management
– no collateral required
– www.bdc.ca
• Export Development Bank of Canada (EDC)
– export financing including insurance products, foreign
buyer financing, supplier financing and loan guarantees
– www.edc.ca

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Microlenders
• In Canada <$15,000
• Character vs. collateral
• Lenders
– www.accessccf.com
– www.alterna.ca
– www.futurpreneur.ca
– www.riseassetdevelopment.com

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Resources
• Toronto Public Library
http://www.torontopubliclibrary.ca/smallbusiness
• Enterprise Toronto
http://www.toronto.ca Doing Business in Toronto
• www.canadabusiness.ca
• www.onebusiness.ca
• http://www.futurpreneur.ca
• http://www.ontario.ca/business-and-
economy/business-and-economy
• http://www.marsdd.com/entrepreneurship-101/
• http://www.ontario.ca/business-and-economy/small-
business-enterprise-centre-and-community-based-
provider-locations
• www.bizpal.ca
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