Fine Lifestyles Saskatoon Fall 2013

Page 119

Entrepreneurs and Business Professionals: What You Need to Know

networking and mentoring opportunities and access to our lending program.

I want to start a business. What do I do?

Laura Small, CEO Women Entrepreneurs of Saskatchewan Inc. 108-502 Cope Way, Saskatoon 306.477.7173 100-1919 Rose Street, Regina 306.359.9732 info@womenentrepreneurs.sk.ca www.womenentrepreneurs.sk.ca

Several likely steps include: • Develop a concept or business idea. • Decide if this is right for you. Do you have the necessary skills and time to start this business? • Conduct investigative research and a feasibility study. Could this become a viable business? • Write a business plan. Your plan will vary based on the nature of the business you want to open.

Do I need to be a member to access Women Entrepreneurs’ programs and services? For the most part, yes. We have two different memberships available: full and associate. Both of these memberships give you unlimited access to our business advisory services where you have the opportunity to sit down one-on-one with a business advisor and start specifically discussing any issues or challenges you would like help with in your new or existing business. Depending on the type, these memberships also offer other benefits, including discounts on training seminars, use of client resources,

While some of this may sound insurmountable, Women Entrepreneurs can help guide you through the process. Even though opening a business is a lot of work, it is fun and exciting as well; make sure you enjoy the experience.

I have an existing business. How can Women Entrepreneurs help me? Women Entrepreneurs supports women in all stages of business: from start-up, to expansion, to succession planning. We can help you with business advising, expansion lending, training opportunities to further grow your

business, mentoring and networking opportunities and various other aspects relevant to your current business.

If I was looking for start-up or expansion capital, how long does it take to get a loan from Women Entrepreneurs? How long it takes to get a loan depends on several variables; the most important is whether you have completed your business plan. A business advisor at Women Entrepreneurs will meet with you and assist you in compiling the necessary information. Once your plan is finalized, a loan application is completed. From there, a review and recommendation takes approximately two weeks. For further information on how Women Entrepreneurs of Saskatchewan can assist you with your new or existing business, call to register for Business Beginnings. This is a free one-hour session offered twice a week in both Saskatoon and Regina that will introduce you to the entrepreneurial process and further describe all of the programs and services you can access in order to help you succeed in business. FLS Women Entrepreneurs is supported by Western Economic Diversification Canada.

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