With CanadaBuys, you can:

• Browse and bid on available contracts.
• Stay updated on procurement opportunities.
• Access tools and resources to support your bidding process.

Expand your reach and connect with one of the largest buyers in the country—the Government of Canada. Visit CanadaBuys today to unlock new opportunities for your business.

The post Discover Opportunities with CanadaBuys appeared first on WeBC.

In August 2023, we hosted Jessica Wicks from Accelerate Okanagan in our virtual WeCafé for an interactive session to explore this tool and how you can apply it to your business.

In this recording you will learn how you can use the Business Model Canvas to:

• Simplify and test your ideas,
• Validate your assumptions, and
• Identify which resources you need to make your business startup or growth a reality.

The post Business Planning with the Business Model Canvas appeared first on WeBC.

From BDC

What gets measured gets managed. It’s a common saying, and for good reason. 

Data is crucial in today’s business world, serving as the key to growing sales, increasing profits, retaining employees, and improving operational efficiency. KPIs (Key Performance Indicators) are essential metrics that help you track and measure your business’s performance against strategic goals.

This guide from BDC explains how to identify the right KPIs, monitor progress, and use data to drive success.

What You’ll Learn:

• What Are KPIs? Understand the purpose and benefits of KPIs in business management.
• How to Choose KPIs: Learn to select meaningful metrics aligned with your goals and industry.
• Monitoring and Analysis: Discover best practices for tracking KPIs and using insights to improve decision-making.
• Examples of KPIs: Explore examples across various business areas, such as sales, customer satisfaction, and operations.

By measuring the right metrics, you can manage your business more effectively and achieve sustainable growth.

Learn more about KPIs and take control of your business metrics.

The post Key Performance Indicators (KPIs) appeared first on WeBC.

As a business owner, deciding when and how to incorporate is an important step in formalizing your business structure. Incorporation transforms your business into a legal entity owned by shareholders, allowing the corporation to handle activities like signing contracts, hiring employees, borrowing money, and paying taxes on your behalf.

While the process may seem daunting, it’s simpler than you might think. This blog by Futurpreneur answers common questions and walks you through the steps to incorporate your business with confidence.

Learn more about incorporating your business today!

The post Common Questions About Incorporation appeared first on WeBC.

More Than Numbers Can Say

The Business Planner helps you map your road to success. Lay out your business strategy, analyze your markets and establish your financial plan with this interactive step-by-step resource. You’ll gain a better understanding of your business goals and where a lender can help you achieve them.

The Business Planner identifies your unique business needs by collecting essential details across three key areas:

• Your Business Profile: Share insights about your business, its environment, marketing strategies, and operations.
• Real People Behind the Business: Highlight your experience, personal financial profile, and a summary of assets, liabilities, and income.
• Your Business’s Financial Profile: Provide key financial details, including income and expense statements, a financial overview, and cash flow forecasts.

By completing this planner, you’ll create a customized financing strategy to support your business’s success.

Note: Your local credit union will likely have a similar business planner.

In need of financing to support your plan, learn more about WeBC Financing Options.

The post Business Planner appeared first on WeBC.

Our Business Acquisition Checklist walks prospective buyers through every critical step of purchasing a business. From understanding the terms of the deal and assessing financial performance to analyzing revenue streams and projecting future growth, this checklist is designed to simplify a complex process. Use it to gain clarity, identify potential risks, and make informed decisions with confidence.

The post Business Acquisition Checklist appeared first on WeBC.