6. Types of Business Formations

6. Types of Business Formations

6. Types of Business Formations There are four common types of business structures in Prince Edward Island: sole proprietorship, partnership, corporation and cooperative. Each of these structures is described below. The structure you choose will depend on various...
7. Developing a Marketing Strategy

7. Developing a Marketing Strategy

7. Developing a Marketing Strategy Like all aspects of business formation, developing marketing strategies requires careful planning. A successful marketing strategy presents a product or service to customers at a price that meets the business’s profit goals and in...
8. Market Research

8. Market Research

8. Market Research Market research is finding out, in an orderly fashion, what your target customer’s attitudes, opinions, needs, wants, likes, and dislikes are. Good market research eliminates guesswork and becomes the cornerstone upon which new business owners can...
9. Exceptional Customer Service

9. Exceptional Customer Service

9. Exceptional Customer Service What is a Customer? Customers can be demanding, irritating and, at times, a total nuisance. Customers are also the lifeblood of every business. Think about the fact that if your potential customers are not interested in buying whatever...
10. Business Financing

10. Business Financing

10. Business Financing Not having sufficient capital is one major reason why many businesses fail. Underestimating capital needs can quickly drain your financial institution account and leave your business in a cash crunch. When starting any venture, two types of...