Karim George (InTouch Communications)

Developing your business plan helps you to step back and look at what’s working in your business and what you can improve on. A business plan is very important to help you to access finances – If you’re looking to finance your dream business, you’ll need to show banks and investors why they should invest in your business. Lenders and investors will only risk their time and money if they’re confident that your business will be successful and profitable. 

Preparing a business plan will help you work out the goals you want to achieve, and the strategies to achieve them. 

Starting up a business, you have to overcome various challenges and barriers to stay on in Nova Scotia, to assimilate locally, and to give up what you have already achieved in your home country. As a result, you become stronger and more used to the ups and downs of being a business owner. You will be more resilient and hungry to achieve success, and to complete what you have set out to do. Don’t take any quick actions – make sure you consult with business advisors – I strongly recommend ISANS. 

I strongly recommend any business owner in Nova Scotia get connected with their community. When it comes to businesses and the communities that create them, there really is a mutually beneficial relationship; businesses can give back to their communities, and communities can, in turn, help support those business owners.