Your British Columbia or Alberta Business Plan Must Have These 4 Things

1. Your British Columbia or Alberta Business Plan Must Have These 4 Things When creating a business plan for Canada, it is likely you are eyeing British Columbia (BC) or Alberta. In particular, these provinces have welcoming entrepreneurial and business immigration pathways. There are certain things you can include to enhance your Alberta Business Plan or BC business plan with this end in mind. However, these must-haves ultimately apply to any business plan. · Evidence of bringing economic benefit to Canada – No matter the purpose of the BC Business Plan or Alberta business plan you should focus on the benefit you bring to the local, provincial, and Canadian economy. This is usually demonstrated by focusing on taxable profits the business will make as well as jobs it will create. If this is an immigration BC or Alberta business plan, there will be more emphasis on this than with other types of business plans. Regardless,

2. this information gives an important reason to consider your business. The more you can tie it to the local town and region, the stronger it may be. · Clear understanding of how your experience ties into the business – One thing people really take into consideration when determining if a business will be successful is its leadership. Ideally, to be approved for immigration, bank loans or to land investors, they need to have confidence that you can steer the ship, so to speak. That’s why you will include detailed information about yourself in the BC or Alberta business plan. If you are lacking in direct or related industry experience and/or demonstrable entrepreneurial prowess, you can offset this by bringing on key management that will compliment you and fill some of the gaps. You will talk about them in great detail in the Alberta or BC business plan as well as yourself, making sure to explain how the experience translates into the role within the business. · Bullet-Proof executive summary and financial projections – It may be frustrating, but in many cases when people review your BC business plan or Alberta Business Plan, they will start by only looking at the executive summary and the financials initially. The entirety of the business plans will likely not be reviewed if your audience is not satisfied these two prominent sections. Write your executive summary last, and make sure your entire plan supports your financials. If you do this, when your audience reads the full plan, they will find it convincing and be more likely support it in their respective capacity. · Well-defined branding – Everyone likes a good story. That’s just as true for immigration officials as it is for potential investors. Knowing your brand, telling your brand’s story, and including your branding throughout the Alberta or BC business plan will give your plan an edge. There are a million Alberta business plan templates out there but, to fully personalize

3. them you should add in your own, clear branding. In the end, it doesn’t matter whether you are creating a BC business plan, an Alberta business plan, or a business plan for any other province. This advice was compiled with immigration business plans in mind, but the advice is relevant regardless. Even if you are already a citizen or resident, investors or bank loan officers will still want to see the same information and expect the same out of you. Therefore, including these tips above will enhance you Alberta business plan or BC Business Plan and help you meet your goals, whatever they may be.