Tune-up your business during Small Business Month
October is the month when Canadians recognize the achievements of business owners.
October is the month when Canadians from coast-to-coast recognize the awesome achievements of this country’s nearly 3 million business owners.
As you well know, success for Canadian business owners doesn’t come easily: building a company that works well takes plenty of time, energy, money, patience, teamwork, perseverance, support, and no small amount of optimism. With so much to do, any help is appreciated.
Celebrate Small Business Month by committing to make your business even better. Use these three tips to tune-up your business in the areas of sales, planning, and financing.
Your customers are the lifeblood of your company – the very reason you’re in business.
Make it a priority to strengthen your customer relationships this month. Reach out by email or phone to personally thank your customers for buying from you. And take the time to check in with your customers to find out how you can better serve them.
Consider asking your customers:
Show your customers you value their input by making the changes your customers want to see. Read up on strategies and tactics designed to increase sales and grow more profits by keeping your customers happy.
Has some time passed since you updated your business plan? Small Business Month is the perfect excuse to dust off that stale plan and breathe some new life into it.
Open your plan with an eye to these updates:
If you’ve been putting off updating your business plan because you think it will take too much time, try this easy-to-use and interactive business planning tool to get it done.
You know what your customers want and you have a plan for growth.
The last part of your business tune-up involves checking that financing is in place. For example, you may discover you need access to $100,000 or more of additional funds in order to introduce a new product line that your customers clearly want, hire more employees, and tackle a new geographic territory.
Try the Scotiabank Compass for business tool for resources to help take your business to the next level. You’ll find videos, templates, helpful articles and interactive planning tools designed for businesses at all stages of development.
If you have not yet started your business, let us help you determine the feasibility of your new idea.Go
If you've been in business up to 2 years select this option to identify how to run your business more effectively.Go
If you have been in business for more than 2 years, determine the crucial next steps for growth.Go
*No purchase necessary. The Contest commences at 12:01 a.m. (ET) October 23, 2016, and ends at 11:59 p.m. (ET) October 22, 2017. To be an entrant, you must be the named recipient of this notification, a legal resident of Canada and the age of majority, but not an employee, agent or representative of Scotiabank, its affiliates or subsidiaries, or a member of the household or immediate family of above parties. Selected entrant must answer time-limited mathematical skill-testing question. One (1) Grand Prize: $10,000. Five (5) Secondary Prizes: $1,000. Chances of winning depend on the total number of eligible entries received during the contest period. Click here for full contest details.