by Justine Lorch | Feb 11, 2024 | Business Resources
5. Four Methods of Getting into Business Getting into a Business There are four basic methods of getting into business; start from scratch, purchase the assets of a business that has ceased operation, purchase an existing operation, or pay the fee for a franchise...
by Justine Lorch | Feb 11, 2024 | Business Resources
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...
by Justine Lorch | Feb 11, 2024 | Business Resources
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...
by Justine Lorch | Feb 11, 2024 | Business Resources
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...
by Justine Lorch | Feb 11, 2024 | Business Resources
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...
