What’s In This Email

• How to write a business plan in 9 steps

• B.C. Business owners concerned about looming CEBA deadline

• The #AppleEvent is here

• An E. Coli outbreak in Calgary

• Notable spotlight: Praise

• Notable plug 🔌

✍️ TAKE NOTE

How To Write a Business Plan in 9 Steps

A well-constructed business plan is a roadmap to success, offering clarity on strategy, potential challenges, and the resources required. A business plan is invaluable whether you're seeking external funding or want to understand your market better. With practical tips and tangible examples, you'll be equipped to create a plan that sets your business up for success.

Key Takeaways

• Why Write a Business Plan?:

  • Essential for securing funding.

  • Helps identify weaknesses before launching.

  • Useful for strategic planning, evaluating ideas, research, recruiting, partnerships, and competitions.

• Business Plan Formats:

  • Traditional business plans: Detailed and long.

  • Lean business plans: A shorter version of traditional plans.

  • Nonprofit business plans: For entities operating for public or social benefit.

• Tips for Creating a Business Plan:

  1. Know your audience.

  2. Have a clear goal.

  3. Invest time in research.

  4. Keep it concise.

  5. Maintain consistent tone and style.

  6. Use a business plan template.

B.C. Small Business Owners Struggle Against Inflation, Giant Competitors — and a Looming Loan Deadline

Small business owners across Canada are bracing themselves as the CEBA repayment deadline approaches. Tamara Nowakowsky of Delish General Store in North Vancouver represents the concerns of many in this situation. Rising costs and declining sales are putting significant pressure on entrepreneurs. The Canadian Federation of Independent Business is advocating for an extension to the repayment deadline, highlighting the crucial contributions of small businesses to their local communities.

Key Takeaways

• Nowakowsky owes $52,000 in pandemic loans through the CEBA program and must repay by Dec. 31.

• If businesses miss the repayment deadline, they will lose partial loan forgiveness and will be charged a 5% interest on their loans.

• The Canadian Federation of Independent Business (CFIB) is urging Ottawa to extend the repayment deadline again.

• CFIB data suggests small retailers contribute six times more to their local communities than large corporations.

• An Angus Reid Group poll found that most Canadians don't differentiate between the community contributions of large chains and small stores.

• Nearly one in five small businesses in Canada might close next year without an extension on their CEBA loan repayments.

Praise

Run and aprés run gear.

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View more on Instagram

Follow @praise.endurance.

🔌  NOTABLE PLUG

🎙 Get Into It: What’s next for your career and creative projects? Pivot with Jenny Blake launched in 2015 to help us better embrace fear, insecurity, imperfection, and intuition as the superpowers they are while pivoting. Listen on Apple or Spotify.

📄 Notable Hires: Senior Manager, Online Brand @ Deciem.

🎓 Hope This Helps: Tweet Hunter, build and monetize your X (Twitter) audience. Try it for free for 14-days.

🧠 Today We Learned: A team of six women programmed the first digital computer. The women, who were mathematicians, participated in a World War II program coding instructions into the revolutionary Electronic Numerical Integrator and Computer (ENIAC).

Beyond Notable Daily
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ABOUT NOTABLE
Notable Life is Canada's hub for young professionals, entrepreneurs, and culture generators operated by The Notable Group. Notable Daily inspires ideas and sharpens the minds of over 46,000 top-tier professionals in competitive industries.

Disclosure: While we utilize artificial intelligence (AI) to assist with certain aspects of content development, all information provided in our content is thoroughly vetted and edited by our team of humans. We strive to ensure the accuracy and reliability of all information. However, we recommend that readers conduct research or seek professional advice to make informed decisions. This email may contain sponsored content.