Small Business Network: Tips from a Successful Entrepreneur

May 24, 2014 | Thanusa

Comments (3)

RyanDid you miss Ryan McKnight at North York Central Library's Small Business Networking session in April?

 

Not to Worry!

 

Below you will find a few of Ryan's tips he shared on starting a business that you may find useful:

Networking:

Look for trade shows and associations so that you can meet people who are likely to help you. Take the time to talk to people about what they do outside of work. You cannot be "pushy"-- you have to give as well as take.

Business Plan:

MaRS Discovery District's Entrepreneurship 101 free weekly series features key topics related to starting a successful business.

Lean Launch Lab teaches companies how to operate lean start-ups. The lean startup movement was developed by Steve Blank, a Silicon Valley entrepreneur. His book, "Four Steps to the Epiphany" is available in Toronto Public Library's catalogue.  

Financing:

Alterna Savings and Credit Unit Ltd. offers micro financing.

Access Community Capital Fund offers up to $5,000 for the first loan; up to $10,000 for the second loan.

Canadian Youth Business Foundation provides $5,000 for young entrepreneurs aged 18 to 39. Now called Futurpreneur Canada.

Business Development Bank of Canada dedicated exclusively to entrepreneurs provides $10,000.

ScotiaBank is great for first timers.

Ontario Catapult Microloan Fund for Social Ventures helps promising social entrepreneurs and innovators with low interest loans of $5,000 to $25,000.

Ignite Capital offers Canadian entrepreneurs the opportunity to compete for a start-up award of $20,000 and provides support program.

Crowdfunding for your business can yield results, especially if the business has "social" value such as being eco-friendly, etc.

Angel Investors are really looking for a sure thing, so they are probably unlikely to invest in start-ups.

Delegation:

There will be tasks that you will need to delegate, either because you do not want to do them or because you are not good at them. You can find people to take on these tasks. Some "virtual assistants" will work for a very low figure, as they want the experience. You can hire them for a task to see how they do and, if you are satisfied, you can re-hire them.

Get the right freelancer at odesks.com.

Founderdating is a network of talented entrepreneurs helping one another to start and grow companies. All too often you know people with similiar backgrounds and skill sets to your own. With Founderdating, you can find world-class people who have extensive knowledge in certain areas. It is a great place to find consultants or to find people who help with projects.

LinkedIn is also a great place to find experts. All those starting a business should get a LinkedIn account.

Social Media:

If you cannot do this yourself, find someone who will do it for you-- see Delegation, above.

Market Research:

MaRS Discovery District provides free weekly sessions in their Entrepreneurship 101 series.  

 

Don't miss this month's Small Business Networking session with Satish Kanwar on Tuesday May, 28th at 6:30pm at North York Central Library.

See you then!

 

Comments