Starting Your Business

Starting a new business is one of the most difficult and rewarding endeavours you may ever undertake.

Whether you're planning to run a small business from home, or laying the foundations of a large corporation, there are many things you need to know. Between writing your business plan and hanging that first earned dollar on your wall, you're bound to run into all sorts of surprises. Let us walk you through some of the steps involved and introduce you to some of the organizations you'll be dealing with. Informing yourself and being prepared will not only make the process smoother but will increase your chances of success in today's fast-paced and highly competitive markets.

Creating a Business Plan

All good businesses start with an original idea. From initial concept through to completed business plan, Southwest Regional Credit Union Ltd. can help you get your idea off the ground.

Legal Considerations

There are countless legal issues involved in starting a new business. Make sure you consider your options carefully. Southwest Regional Credit Union Ltd. can help you make the choices that are right for you.

Using Advisors

Starting a new business, especially a successful one, can be difficult. Let Southwest Regional Credit Union Ltd. advise you on some different ways to smooth the road ahead.

Regulatory Bodies

From incorporating a new company to filing your tax returns, there are a number of bodies that regulate how you do business. Let Southwest Regional Credit Union Ltd. save you some valuable research time by introducing you to a few of them.

Determining Capital Needs and Sources

Money. You're going to need it if you want to get started. Whether you're seeking venture capital or simple operating loans, Southwest Regional Credit Union Ltd. can help you find the money you need to get things rolling.

Hiring Employees

At Southwest Regional Credit Union Ltd., we know that employees are an important investment in your business. From hiring and managing to implementing a payroll plan, they're an investment worth protecting.

Using a Home Office

Home offices are great for some businesses and not so great for others. Let Southwest Regional Credit Union Ltd. point out a few of the pros and cons of working from home.

Other Business Resources

From starting the smallest backyard business to building a global corporation there's a lot of information out there to help you. Let Southwest Regional Credit Union Ltd. get you started on the right path.

Where can I learn more?

There are many resources available to someone starting a business. Whether you want to begin a small mail-order business out of your home or start a multinational corporation, there's plenty of free information at your fingertips.

The internet is an invaluable resource to anyone in business. You can find out about consumer trends and get up to date market analyses, which will be able to help you plan your business and assess your market. Learn how to obtain funding for your project from the government or private resources.

Another great advantage to using the internet in starting your business is that many of the legal registrations and applications are available online. Filing forms electronically can save you time.

One thing to be careful of when researching online is that you focus your search on the right region and get the information that's relevant to you. The internet is international, so what applies in one province or country, may not apply in another.

Government agencies have information packages available to help you as well. Contact them and they can mail you what you require. Southwest Regional Credit Union Ltd. can also assist you with various aspects of your new endeavour. Come and talk to us before you begin.

There is a lot of material out there to help you start your business. Use it. Your competition will.

Already started a business?

Check out our tips on growing your business.

Starting a non-profit?

See what to consider when starting a charity.

Want to know more?

Reach out to one of our Financial Advisors for more information to help your business grow.