BDC - The Bank for Canadian Entrepreneurs | BDC.ca
Unleash the full potential of your business and bring your ambitions to life. We are BDC, the Business Development Bank of Canada and the financial institution devoted to Canadian entrepreneurs. We help create and develop strong Canadian businesses through financing, advisory services and capital, with a focus on small and medium-sized enterprises.
How to write a business plan | BDC.ca
4. Financials. Include a cash flow forecast, usually broken down on a monthly basis and presented as a spreadsheet. Also add your financial statements (balance sheet, income statement, cash flow statement and statement of retained earnings). And if you’re a new business, list start-up costs.
Business continuity plan (BCP) in 8 steps, with templates - BDC
Step 1: Establish an emergency preparedness team. Assign a team the responsibility for emergency preparedness. Select a few managers or an existing committee to take charge of the project. It’s advisable to assign one person to lead the planning process.
The 5 most common pricing strategies | BDC.ca
Cost-plus pricing. Calculate your costs and add a mark-up. Competitive pricing. Set a price based on what the competition charges. Price skimming. Set a high price and lower it as the market evolves. Penetration pricing. Set a low price to enter a …
BDC Client Space - Manage your account 24/7
Easily apply for a loan, continue an application in progress or see the status of a request. Client Space offers secure, real-time access to your BDC account whenever you need it. Manage your current loans or request new financing easily. Client Space was previously known as …
How to choose the right structure for your business - BDC
Here’s a summary of the pros and cons of the three business structures. Sole proprietorship. Partnership. Corporation. Legal status. Does not exist as a separate legal entity. Proprietorship = ownership. Does not exist as a separate legal entity. Partnership = partners as owners.
Business valuation: What's your company worth? | BDC.ca
Determining a company’s value is a complex process—part science, part art. Complicating matters is the fact that many entrepreneurs have an overly optimistic view of how much their business is worth. Here are five things you need to know when determining the value of your company. 1. Differing expectations can cause conflict.
What is a letter of credit? | BDC.ca
A tool for minimizing risk in international trade. A letter of credit is essentially a financial contract between a bank, a bank's customer and a beneficiary. Generally issued by an importer’s bank, the letter of credit guarantees the beneficiary will be paid once the …
What Are the 8 Types of Waste in Lean Management? | BDC.ca
We’re talking wasted time, effort, space, resources—anything that doesn’t add value for your clients. Waste is often broken down into eight categories, sometimes called “the 8 wastes of lean operations.”. Identifying and reducing waste can reduce your company’s costs, lead times and accidents and make employees and customers happier.
Small business loan - Apply online for up to $100,000 | BDC.ca
Small business loan Get up to $100K for small projects; Working capital loan Protect business cash flow; Equipment loan Upgrade machinery or equipment; Commercial real estate loan Buy or renovate facilities; Technology equipment loan Buy new hardware or software; Loan for tech companies Find financing adapted to your revenue model; Business purchase or transfer loan Pave the way for a smooth ...