The 5 most common pricing strategies | BDC.ca
WEBCost-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 competitive market and raise it later. Value-based pricing.
How to write a business plan | BDC.ca
WEB4. 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.
How to choose the right structure for your business - BDC
WEBHere’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.
BDC - The Bank for Canadian Entrepreneurs | BDC.ca
WEBUnleash 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.
Canada Digital Adoption Program (CDAP) | BDC.ca
WEBThe Canada Digital Adoption Program (CDAP), by Innovation Science and Economic Development Canada (ISED), helps small and medium-sized enterprises (SMEs) adopt digital technologies. Businesses with a signed grant agreement to CDAP’s Boost Your Business Technology stream prior to February 19, 2024 may be eligible to receive a …
Business valuation: What's your company worth? | BDC.ca
WEBDetermining 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 ASPE? | BDC.ca
WEBASPE is a set of accounting standards available for private companies in Canada. It provides a comprehensive framework for preparing and presenting financial statements that are relevant, reliable and understandable. While publicly traded companies in Canada must use IFRS, private companies can choose ASPE or IFRS.
What is an entrepreneur? | BDC.ca
WEB17-minute read. Share. An entrepreneur is someone who starts or owns a business. Whether it’s in farming, retail, manufacturing or in the service sector, entrepreneurs are businesspeople who find their success by taking risks. In their pursuits, they often become disruptors in established industries. Yet beyond this simple definition, coming ...
Business loans and business financing | BDC.ca
WEBSmall 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; …
About us – Business Development Bank of Canada | BDC.ca
WEBAt BDC, we know business owners. We’ve been working with them for more than 75 years. We know their challenges and we understand their needs. And we want them to grow and succeed. We support small and medium-sized businesses in all industries and at every stage of growth with money and advice. We are the Business Development Bank of …