Friday, March 1, 2019

best small business to start

best small business to start

Moving2Canada wins Small Business BC award for contribution to immigrant community - GlobeNewswire

Posted: 28 Feb 2019 09:59 AM PST

Founder Ruairi Spillane recognized in Best Immigrant Entrepreneur category for building a free one-stop-shop information hub and support network for newcomers to Canada
VANCOUVER, British Columbia, Feb. 28, 2019 (GLOBE NEWSWIRE) -- The winners of 16th Annual Small Business BC Awards have been officially announced, and Moving2Canada has come out on top in the Best Immigrant Entrepreneur category. Founder Ruairi Spillane convinced the judges that Moving2Canada was a sustainable business with a strong purpose and immense growth potential, and in doing so, he held off four worthy competitors. With the award he is recognized for his strong leadership in business and service to the local immigrant community, and for both overcoming the challenges of starting a business as a newcomer to Canada as well as building a community to help other newcomers from around the world succeed in their new home."For me the purpose of Moving2Canada was always to pay down the support I received after I moved to Canada. In a year when immigration looks set to be front and centre on the national political agenda,winning the Best Immigrant Entrepreneur Award is a strong signal to our community that their efforts matter, that immigrants supporting immigrants is recognized in Canada, and that paying it down keeps paying off. To my mind, this award is a recognition of the hard work my team has put into building this community and it definitely gives us added drive in promoting Canada as a great place to live and work", said Ruairi Spillane after accepting the award at the Small Business BC Awards Gala in Vancouver on February 21, 2019. In attendance to bring awareness to the critical role entrepreneurship plays in Canada's economy were the Honourable Mary Ng, Federal Minister of Small Business and Export Promotion, as well as the Honourable Bruce Ralston, B.C. Minister of Jobs, Trade, and Technology.Speaking about his business idea, he added: "Canada is a fantastic product to share with the world. We have a unique culture defined by immigration. To live in such a diverse, peaceful country with strong economic conditions and where cultural diversity is celebrated, is a dream for many people who want to improve their lives. I was keen to find a business idea that would solve a real problem and provide an innovative solution. So I asked myself, what if we could build a community-focused one-stop-shop with information that's up-to-date, scalable and free? That would be a game changer for newcomers! As Moving2Canada, we make moving easier. Our team have all walked this same path before and take pride in building an independent platform for our growing community."The Moving2Canada business model is based on a community-first approach. Ruairi did not want to become just another gatekeeper of information, and instead wanted to open the gate and ensure that Moving2Canada could be used by immigrants from all over the world. He decided to study the needs of immigrants and focus the commercial model around creating partnerships with products and services that could add value to his audience. "Our magic formula is that we understand our community and have become experts in serving the needs of this pre-arrival segment, at a time when scant few Canadian brands are engaging with them", he concludes.Commenting on the challenges of an immigrant entrepreneur, one of the main criteria of this award, Ruairi had this to say: "All entrepreneurs face challenges. When you combine the entrepreneurial world with the immigrant world, the challenges become even larger. Sometimes it's a lonely journey as we chase our dreams. The lack of a support network was the biggest challenge for me. Working long hours away from home in a new country left me feeling isolated. The Irish immigrant community in Vancouver became my support network."The website, and its sister-site Outpost Recruitment, attract more than 300,000 visitors globally every month. Since 2012, the websites have been helping people plan their move and find work in Canada. Moving2Canada has been endorsed by Ireland's Ambassador to Canada and the Irish Canadian Immigration Centre (I/CAN).Quotes:"Congratulations to all the nominees of the Small Business BC Awards. Owning a successful business takes hard work, determination, and talent," said the Honourable Mary Ng, Minister of Small Business and Export Promotion. "That's why the Government of Canada is committed to making it easier for small businesses to start up, scale up, and access new markets. When small businesses thrive, our economy grows and middle-class jobs are created for Canadians.""The Small Business BC and Open for Business Awards honour small businesses and the communities that help them succeed," said Bruce Ralston, Minister of Jobs, Trade and Technology. "The awards showcased the achievements of some of the province's most innovative entrepreneurs who continue to drive B.C.'s economy forward, creating good jobs for people in every corner of the province."The judges for the Best Immigrant Entrepreneur category had this to say about Moving2Canada: "This business has found a niche and is serving it brilliantly. They have a keen entrepreneur's spirit and innovative ideas, and it was easy to see the passion demonstrated by the business owner and how his personal experience as an immigrant enabled him to tackle the challenges of creating and growing a business."Notes to Editor:
The Moving2Canada team currently consists of six Irish citizens (two naturalised as Canadian citizens), one German, one Israeli and one Canadian. You can learn more about our individual backgrounds here.
Ruairi Spillane (35), from Beaufort, Ireland, emigrated to Canada in 2008 to take up a role in finance. The onset of the global financial crisis soon after his move made him question his career choice. It also opened him up to interactions and queries from would-be Irish immigrants interested in moving to Canada, which helped shape his business idea. He set up Moving2Canada as a free information resource in 2012 and later that year launched a recruitment agency, Moving2Canada Recruitment (now called Outpost Recruitment), focused on assisting immigrants find work in Canada. Ruairi is a founding member of the Ireland-Canada Chamber of Commerce in Vancouver and has been recognized for his contributions to helping newcomers to Canada become successful.For further information on Moving2Canada, please see:
Marcel Niedecken
Phone: (+1) 819-266-9656

Wilmington's Small Business Success Series returns in March - Brooklyn

Posted: 28 Feb 2019 01:32 PM PST

At about $9.37 per class, Wilmington's Small Business Success Series is a bargain.

The eight-week course helps aspiring entrepreneurs develop and write a killer business plan, complete with networking and one-on-one business plan counseling.

Beginning on March 19, selected entrepreneurs will have classes every Tuesday at Hercules Plaza at 1313 N. Market St. from 6 to 8:30 p.m. The fee for the course in $75 ($100 for non-Wilmington residents).

"This is a wonderful opportunity for current business owners — or those who wish to start their own business — to network with peers and learn some of the best practices related to business development," said Mayor Mike Purzycki in a statement. "Small businesses are the backbone of our City's economy — I am pleased that Wilmington is able to again offer this valuable program and I encourage those who have either developed or undeveloped business goals to attend."

Applications are now open for the series, with interviews running through March 13. Spots are limited; apply here.



The Best Small Business Plan In 2019 -

Posted: 07 Feb 2019 12:00 AM PST

Did you just have a realization this 2019 about starting a business?  In all likelihood, you already have your startup idea but you're gonna need a small business plan for it to make it work successfully and well, according to plan.

If you're questioning yourself "does it really matter to have a small business plan when starting a business", we've got you covered.  Worry not as we explain the why's and how's of having the best small business plan in 2019 below.


What is a small business plan?

In the simplest sense, a small business plan is a paper that summarizes the essence of your business, products and services; the potential market(s) you are targeting; the business goals and objectives you have set and how you will reach those points.

Aside from a financial plan and a marketing plan, a business plan is one of the most important things you will have to prepare when it comes to starting a business.  This is because your business plan will be the one pulling all three schemes together, integrating components from your financial plan and your marketing plan into a comprehensive outline.


A practical business plan is actually a working document that can take in different shapes and function more as a pliable action-planning tool than a structured concrete document.  In other words, you can think of it as a layout or an outline that will steer your business from point to point which is from the start up period through foundation and after a period of time, business growth.

Why do you need it in starting a business?

Starting a business needs a lot of things but having a small business plan is really a must, although whatever your reasons are, these may vary by the kind of business you are kicking off and how you have the intention to utilize your business plan.

If you're still unsure as to why you need a small business plan in starting a business, here are some reasons that may be in relation to you:

  • A business plan can give important background knowledge on your business, strategy and culture to workers, including managers and staff, as your business expands.
  • A business plan is necessary if you are going to make a formal application for a bank loan, offer a bid for your business to investors or accommodate in a business partner.
  • A good small business plan not only traces the point of your beginning and points where you wish to be but also helps you distinguish the certain measures you ought to put into action to get there.
  • The monetary segment of your business plan can be the baseline of the budget of your business and a handy tool for handling cash flow on a monthly timeline.
  • You will not have the ability to be able to truly qualify your business idea without understanding the market you are targeting, analyzing the competition and running a feasibility analysis — all are parts of a small business plan.

What does a small business plan include?

There are a lot of different types of small business plans, all depending on whatever you need to focus on when starting your business as each of them have different objectives and goals set for business growth.

At a minimum, you'll need a streamlined business plan that focuses on:

  • Vision
    • What are you creating?
    • How will your business look in a year, in three years and in five years?
  • Mission Statement
    • What is the purpose of your business?
    • What are your reasons in starting a business?
  • Objectives
    • What are your business goals?
    • Are the goals you've set for your business considered SMART (specific, measurable, attainable, relevant, time-based) goals?
    • What is your way of measuring success when attaining your goals?
  • Strategies
    • How, what and where?
    • How are you going to shape up your small business?
    • What product or service will you be selling?  What do you think is your USP (unique selling proposition)?
    • Where will you sell it?  Which market are you targeting?
  • Startup Capital
    • How much do you need to launch?
  • Expenses
    • What will it cost monthly to keep your business running after launching it, in three months, in six months and in one year?
  • Action Plan
    • What are the particular action elements and tasks you need to finish now?
    • What are your subsequent milestones?
    • What will you be needing to be accomplished by those completed milestones in order to meet your goals?
  • Projected Income
    • What do you expect to earn? Researching will be a great help.

There are different types of templates available online when you're searching the web to cater to anything that your small business plan needs so feel free to mix and match and basically tweak the outline we've given above.  In the end, by focusing only on the important elements listed above, you can get down to figuring out your business much more productively from point A to point B and so on and so forth.


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How to Keep a Lack of Capital from Squashing Your Small Business Dreams - Billionaire365

Posted: 28 Feb 2019 10:00 AM PST

Whether your goal is to start and stay a one-person business that operates out of your home or your dream is to one day run a huge company that employs thousands, you likely need some capital to begin.

Even if you just have to purchase seemingly small things, expenses can quickly add up. Sometimes to the point where you're tempted to just give up your dreams because your bank account isn't big enough to support them.

However, there are a few things you can do to prevent a lack of capital from squashing your entrepreneurial dreams. Here are three to consider.

  1. Be Resourceful

In a recent interview with The Oracles, business coach and consultant Russell Ruffino shares that a lack of capital was the biggest challenge he faced when first starting his company, Clients on Demand. Ruffino believed that his business should be self-funded, which he said ultimately made him more resourceful while also providing benefits that were "life-changing."

In fact, Ruffino teaches these same tactics to his clients, helping them succeed at "making sales while staying as lean as possible." One way he does this is by encouraging them to offer one service that is higher in price (like in the thousands-of-dollars range). This enables them to earn enough money straight out of the gate to keep them afloat.

What type of higher-priced option could you offer your customers to increase your working capital immediately? At the same time, what are some ways you can reduce your costs until you're able to bring in some real money?

  1. Be Curious

In addition to being resourceful, it also helps to be curious enough to always want to learn more about how to create and grow a successful business. This keeps you updated on all of the latest tips and tricks that others are using to establish thriving companies.

With the Internet always at your fingertips, it makes it easier than ever to find the information you want or need to know about business-related matters. The key is to choose reputable resources so you obtain data from those who know certain topics inside and out.

Fundera shares that the best small business blogs include Evergreen Small Business, Smart Passive Income Blog, ProBlogger, and Blog Tyrant. Developing a well-rounded education in small business matters can give you the framework you need to build your company until you can afford to pay others to do these things for you.

Commit to learning something new each day. The more you know about topics such as these, the better decisions you'll make when growing your small business.

  1. Be Disciplined

Do you know why grocery stores and retail stores place certain items by the checkout counters or in the middle of the aisles? It's because they know that these types of items are compelling to consumers, whether on their shopping list or not.

The last thing you want to do when building a business is make an impulse buy and blow your budget before you even get started. Therefore, the more disciplined you are with the cash you do have, the lesser the likelihood that you'll find yourself in that type of position.

U.S. News indicates that staying financially disciplined involves setting financial goals, challenging yourself to save where you can, and seeking support from those around you to help you make financial progress. Stay on track with your money and you'll have more for your business needs.

Starting a business does take cash, but being resourceful, curious, and disciplined will get you one step closer to your business ownership dreams.

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