Starting Your Business

Advice for New Entrepreneurs

Starting a new business is one of the most difficult and rewarding endeavours you may ever undertake. Whether you're planning to run a small business from home, or laying the foundations of a large corporation, there are many things you need to know. Between writing your business plan and hanging that first earned dollar on your wall, you're bound to run into all sorts of surprises. Let us walk you through some of the steps involved and introduce you to some of the organizations you'll be dealing with. Informing yourself and being prepared will not only make the process smoother but will increase your chances of success in today's fast-paced and highly competitive markets.

TCU's Business Services Account Managers are ready to help with all your business needs. Give us a call today 1-877-828-4343 or visit one of our 5 convenient branch locations in Saskatoon or Regina.


Browse our Business Resouces to get answers to the questions you may have about your business. 

Creating a Business Plan Expand/Collapse

The first step to any new idea is creating a business plan. A business plan will outline what your business is, how it will earn a profit, what the potential market is, what your marketing plan will be and more. 

TCU Financial Group and other financial institutions will require a business plan as part of a loan application. 

Determining Capital Needs and Sources Expand/Collapse

Every idea needs capital to get it off the ground. Learn what type of loans are available to finance your business.


Legal Considerations Expand/Collapse

Protecting your idea and yourself are very important when you start your business. Learn what legal considerations you may need to address before you open your doors.


Hiring Employees Expand/Collapse

Developing a strong workplace for employees is a challenge for any entrepreneur. From payroll to rules and policies, you will need to create systems and policies that make your business grow. 


Working with Regulatory Bodies Expand/Collapse

Depending on your business you may need to work with regulatory bodies, such as municipal governments, professional boards and more. Learn what to consider when working with these types of organizations.


Creating a Home Office Expand/Collapse

Many businesses start in people's homes. There are benefits and challenges when working from home.  You will save money on rent but if you are easily distracted by day-to-day errands it can slow your progress. It's important you make the best decision for you and your finances.


Using Professional Advisors Expand/Collapse

Your business will need help from professionals such as lawyers, accountants and more. These decisions are important as these people will be intertwined with your business.


 

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