84 Canadian Franchise Association http://www.cfa.ca | http://www.LookforaFranchise.caS
tarting a business can be one of the most
rewarding things you ever do. Being your own
boss, building something from the ground up,
and watching it succeed are no doubt huge
accomplishments. However, building a business
takes a lot more than just a great idea. Without properly
thinking through and developing that idea, you’ll end up
falling flat on your face before you know it.
At Futurpreneur Canada, we like to ensure that all
entrepreneurs that go through our program aren’t just
getting the financing they need to start, but also the tools
they’ll need to succeed, launch, and grow their business.
Through our comprehensive business planning, to ensur-
ing their cash flow makes sense and pairing them with a
business mentor once they’ve received their financing, weknow a thing or two about what aspiring entrepreneurs
need to think about before they open up shop.Research is key
One of the most important things to do before you start a
business is to do some comprehensive research on your
competition and your target audience. It’s important to
show that you not only have a great idea, but an idea that
has a unique selling point, too. What makes your service
or product different? Why is there a demand for some-
thing like what you’re offering? Or is there? Research
will help expand your knowledge of your customers and
the competitive landscape. It will also help you make
educated decisions when moving forward with other
aspects of starting your business.Millennials in Franchising
Eager to Become an
Entrepreneur?
Six things young people should know before starting a business
By Lauren Marinigh