Your Business Plan
 

Companies applying to the TFBI Program must develop then present a Business Plan. Business plans are reviewed quarterly by a selection committee. Your plan may submitted for review prior to the deadline dates.

What is a Business Plan:
A business plan starts with a set of business goals. The document indicates the reasons why the goals are attainable and continues with a thorough and well though out proposal for reaching them within a specific period of time. The Plan concludes with an indication of the resources required and the means of attaining them.
A business plan is a recognized management tool used by successful enterprises of all sizes.
A good business plan presentation will include all of the following:

Section I:  
Executive introduction  
   
Section II:  
Business and product description  
Business environment analysis  
Industry background  
Market analysis  
Competitive analysis  
Key business goals  
   
Section III:  
Operations plan  
Marketing plan  
Financial plan  
Personnel plan  
   
Section IV:  
Milestones, timelines  
Contingency plan, risk assessment  
   
Section V:  
Sources of funding  
Management team  

Finding help on developing a Business Plan:
There are many resources online with examples of business plans. The following are excellent resources:

The Canada Business, Service for Entrepreneurs
www.canadabusiness.ca

The Ministry of Small Business and Consumer Services
www.sbe.gov.on.ca

Business Development Bank of Canada
www.bdc.ca

Visit your bank or credit union's commercial banking section for additional resources. Excellent resources are readily available at your local public library.

Many Small Business Development Centres provide free business advisory services and will help you develop your Business Plan.

Enterprise Toronto
www.enterprisetoronto.com

Mississauga Business Enterprise Centre
www.mississauga.ca/portal/business/startingabusiness

Application Deadlines:
Visit the Toronto Food Business Incubator Your Application Page to review application prerequisite requirements and application deadlines for 2009.

Application Submisssion Address:
Submit Business plans to info@tfbi.ca

Contact:
Albert Peres
Manager, Toronto Food Business Incubator (TFBI)
416.401.8888

 


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