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Beware of creditors… more then debts! Part 2

Il important de bien prévoir le financement des premiers frais fixes comme les salaires et le loyer. Et un peu plus car il y aura toujours des dépenses imprévues. L’idée c’est d’aller chercher le maximum de dette à chaque fois que vous avez accès à du financement., mais aussi de choisir le financement le plus avantageux (en considérant les frais de dossier, conditions de remboursement et taux d’intérêts) avant de passer au financement le plus coûteux… Dans mon cas, j’ai opté pour un prêt de la BDC pour financer la mise en place de ma nouvelle usine....

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Beware of creditors… more then debts! Part 1

Financing a business is one if not the main concern of most companies, and for good reason. Bad choices at the start-up phase can have an impact on the whole life of your business, whether long or short! If there are mistakes that can and should be avoided, others will inevitably happen. This is a complex subject and you will see how many issues are involved when reading the story of my experience. This will give you an idea of the errors you should avoid, as well as some tips and warnings that will be useful for optimal and sustainable business financing....

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The vertigo of growth. Part 2

Your sales forecasts and those of your distributors will sometimes be too optimistic. We are often tempted to put makeup on them in order to seduce shareholders and bankers. But how to plan for this growth and what happens when the forecasts do not correspond to reality? Unless you are invited to present your company on TV, you cannot expect miracles when marketing new products or entering a new market....

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An entrepreneur can have 9 lives… if he knows how to land on his feet!

In the professional path of an entrepreneur, several obstacles may arise, and sometimes they can be pretty imposing. These will test our ability to overcome adversity, they will develop our resilience and really put our team to the test. They are make-or-break situations. And as everything happens at the same time in life, when you do encounter this great obstacle, if you happen to be in the process of renovating your facilities and you happen to be pregnant, it does not make things easier, let me tell you! Here is an experience that sums up perfectly the fact that the worst scenarios can still have a happy ending...

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You want to please everyone? Part 1

When I started my entrepreneurial adventure, I wanted to please everyone, I felt vulnerable and I was sorely lacking in self-confidence. I jeopardized my business and personal relationships on several occasions, and most importantly, I lost a lot of time and money! You don’t like to disappoint and want to please everyone? You must know that you risk losing more than you will earn. Here’s a little feedback on my experience, notions that you won’t learn in an entrepreneurship class....

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