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The Canadian Small Business Survival Guide: How to Start and Operate Your Own Successful Business Revised and Expanded Edition [NOOK Book]

Overview

For anyone contemplating starting a small business with potential sales of a few thousand dollars up to the two million level, and for those who currently run their own businesses, this is the most comprehensive, up-to-date guide available.

The Canadian Small Business Survival Guide will not only instruct beginners whose business knowledge is limited, but also provide a wealth of interesting information for experienced entrepreneurs. The author has covered every imaginable facet...

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The Canadian Small Business Survival Guide: How to Start and Operate Your Own Successful Business Revised and Expanded Edition

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Overview

For anyone contemplating starting a small business with potential sales of a few thousand dollars up to the two million level, and for those who currently run their own businesses, this is the most comprehensive, up-to-date guide available.

The Canadian Small Business Survival Guide will not only instruct beginners whose business knowledge is limited, but also provide a wealth of interesting information for experienced entrepreneurs. The author has covered every imaginable facet of running a successful business. The topics include: types of business, financing, government assistance, locations, franchises, and marketing. One section, presented with step-by-step instructions, explains how to prepare necessary financial statements and business plans. The book also includes charts, checklists, exhibits, graphs, and tables that are indispensable for entrepreneurs and for those seeking a business loan.

  • 10th Printing - over 25,000 sold
  • Most popular book on small business in Canada
  • This edition completely revised and updated - contains new sections on computers and the Internet
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Product Details

  • ISBN-13: 9781554880188
  • Publisher: Dundurn Press
  • Publication date: 4/1/2002
  • Sold by: Barnes & Noble
  • Format: eBook
  • Pages: 260
  • File size: 3 MB

Meet the Author

Benj Gallander, MBA, received his degree from Dalhousie University in Halifax. His practical experience, gained from owning several successful companies and helping to start many others, has been invaluable to him in writing this guide. Benj also writes for The Globe and Mail, and is the editor of the popular investment letter, Contra the Heard.

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Table of Contents

Acknowledgements 11
Preface 12
What is a Small Business? 18
Types of Small Businesses 19
Can Small Businesses Compete? 21
Why Businesses Fail 23
The Pros and Cons of Operating Your Own Business 26
Three Critical Questions 30
Five Key Ingredients for Business Success 31
You! 34
Case Analysis 36
Case 1: The Decision 38
Cycles 42
What Type of Business Organization? Proprietorship, Partnership, or Corporation 46
But Where Will I Obtain the Money? Financing the Business 56
Time Management 60
Critical Path Scheduling 62
Facts Affecting Sales 63
Predicting Sales 67
Case 2: Hot Dogs!!! 71
Cost-Benefit Analysis 74
Risk and Insurance 75
The Accountant 80
The Lawyer 81
The Banker 82
Employees 82
Entrepreneurial Style 88
The Payroll System 89
Computers and Small Business 92
The Internet and Small Business 97
Government: Friend or Foe? 102
Other Government Related Areas 106
Government Addresses 110
Taxes and Licenses 121
Business Ethics 126
Minimize those Taxes 127
Buying an Existing Business 137
The Franchise Option 141
Case 3: Herbert's Variety Store 144
Case 4: Barb's Blues 145
Eight Quick Tips 148
Collect those Accounts Receivable! 150
Inventory 154
Choosing your Location 162
Where to Set-Up: The Home Versus Office Dilemma 165
Layout 169
Marketing 172
What's in a Name? 178
Who will your Customers Be? 180
Preparing a Marketing Plan 184
Case 5: Joan's Stuffed Dolls 187
Case 6: The Jonson Saga: Part 1 187
How I Hate those Numbers! 190
Profit or Loss? The Income Statement 190
The Balance Sheet 193
Case 7: Jim's Fix-It: Part 1 199
Bookkeeping 200
Case 8: Jim's Fix-It: Part 2 205
Planning Your Cash Flow 210
Case 9: The Jonson Saga: Part 2 214
The Break-Even Analysis 215
Case 10: A Case on Wood and Stuff 220
Ratio Analysis 220
Case 11: Jill's Crafts 227
The Business Plan 230
Conclusion 242
App. I Case Solutions
App. II: Glossary 276
App. III The Goods and Services Tax (GST) 285
App. IV Partnership Agreements 288
App. V: Index 290
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