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