Business Plan, Business Reality: Starting And Managing Your Own Business In Canada

E-Book Overview

There is an obvious need for a concise, adaptable textbook—a book about planning, starting, and managing a small business or some form of self-employment. This text is designed for post-secondary-level courses and workshops. It can also be used by anyone who wants a "do-it-yourself" plan for self-employment (actors, animal wranglers, bodyguards, bush pilots, choreographers, computer geeks, decorators, fashion designers, landscapers, private investigators, researchers, singers, sound mixers, video editors, writers) as well as those who will start more traditional small businesses (clothing stores, consulting finns, machine shops, paralegal offices, photography studios, publishing companies, restaurants). The list is endless.

E-Book Content

Business Plan, Business Reality Starting and Managing Your Own Business in Canada James R. Skinner Fourth Edition PEARSON Toronto Vice-President, Editorial Director: Gary Bennett Sponsoring Editor: Kathleen McGill Acquisitions Editor: Deana Sigut Marketing Manager: Leigh-Anne Graham Developmental Editor: Toni Chahley Supervising Developmental Editor: Madhu Ranadive Project Manager: Richard di Santo Manufacturing Coordinator: Karen Bradley Production Editor: Tania Andrabi, Cenveo® Publisher Services Copy Editor: Sally Glover Proofreader: Susan Bindernagel Compositor: Cenveo Publisher Services Permissions Project Manager: Joanne Tang Photo Permissions Research: Cordes Hoffman, Q2A/Bill Smith Text Permissions Research: Khalid Shaskshir, Electronic Publishing Services Inc., NYC Art Director: Zena Denchik Cover Designer: Suzanne BehnWe Cover Image: Fotolia For permission to reproduce copyrighted material, the publisher gratefully acknowledges the copyright holders listed throughout the book, which are considered an extension of this copyright page. All photos provided by James Skinner. Copyright © 2015 Pearson Canada Inc. All rights reserved. Manufactured in the United States of America. This publication is protected by copyright and permission should be obtained from the pub­ lisher prior to any prohibited reproduction, storage in a retrieval system, or transmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Canada Inc., Permissions Department, 26 Prince Andrew Place, Don Mills, Ontario, M3C 2T8, or fax your request to 416-447-3126, or submit a request to Permissions Requests at www.pearsoncanada.ca. 10 9 8 7 6 5 4 3 2 1 [EDW] Library and Archives Canada Cataloguing in Publication Skinner, James R. (James Ross), 1950-, author Business plan, business reality : starting and managing your own business in Canada / James R. Skinner. — Fourth edition. Includes bibliographical references and index. ISBN 978-0-13-337026-3 (pbk.) 1. New business enterprises-Canada-Textbooks. 2. Self-employed-Canada-Textbooks. 3. Small business-Canada-Management-Textbooks. I. Title. HD62.7.S55 2014 PEARSON 658.1 ' 1410971 C2013-907066-4 ISBN: 978-0-13-337026-3 Brief Contents Part 1 Starting a New Business 1 1 The Business Model: What Is the Concept for My Business? 2 Feasibility: How Do I Know It Will Work? 3 Marketing: How Will I Get Customers? 4 Operations: How Will I Organize the Work? 5 Finances: How Will I Manage the Money? Part 2 1 21 47 Alternative Start-Up Methods 73 97 134 6 The Purchase Alternative: How Do I Buy (or Buy Into) an Existing Business? 134 7 The Franchise Alternative: How Do I Buy a Franchise? 8 The Family