Are you starting a business or you’re in the early stages of your business?

Many entrepreneurs have a carefully thought out business opportunity however need professional help to ensure their financials are in order.

Your business plan should present the operational and financial aims of your business. You also need to state the financing you need, the details of the management team, indicate the key risks and the steps you will take to mitigate those risks.

Indicating the financing you need and getting approved by the bank for financing is the biggest challenge for most start ups. You can have a great business idea however without proper financing your business will fail before it gets started. Lack of financing is the largest cause of businesses failing.

At Biz Pros, we help you get your financials in order to ensure your business plan is approved and the funding you need. We specialize in helping our clients get small business loans. Having a trusted accountant with you when you meet with loan officers can go a long way to getting an approval on the funding you need.

It demonstrates that you are serious about success by bringing in professionals to ensure your business will succeed.  Your accountant can help you work through your business plan. They can ask you the tough questions so you have an opportunity to fine to your business plan for success. Having seen many business plans and worked with many startups can point out flaws or concerns that should be worked out before you seek financing.

They can also advise you of the provincial and federal incentives, rebates and other programs available to new businesses. Many times these incentives are not discovered by business owners until after it’s too late to apply for these incentives. These programs can also reduce the amount of money that needs to be borrowed.

Your financials are the most important factor reviewed by banks and other sources of investment capital. They want to make sure that the money they loan or invest in your business has a very good chance of being repaid.

There are many companies that offer to prepare your business plan for many thousands of dollars. Before you enlist one of these companies, call us for a complimentary review of your business plan. The earlier you contact us the more time and money we can save you. If you have not yet started a business plan, we suggest that you initially put together a simple business plan available for free on a variety of websites.  Here is a link to a few free templates.

http://www.bdc.ca/en/advice_centre/tools/business_plan/Pages/default.aspx

http://www.canadabusiness.ca/eng/125/138/

Starting a new business is exciting and one of the biggest decisions you will make. Get off on the right foot by contacted Biz Pros for a free consultation. We realize that you may have a great business idea or process and want to protect your idea from competitors. Our services are completely confidential and we sign non-disclosure agreements with our clients to ensure confidentiality and trust.

We welcome you to call our office for a free no obligation consultation. Come and have a coffee and let’s talk. Call Aslam at 905-995-3012 or email us