LEARN ABOUT BUSINESS SERVICES: Tribal Wi-Chi-Way-Win Capital Corporation (TWCC)
Tribal Wi-Chi-Way-Win Capital Corporation (TWCC) was established in 1993 to provide financial resources to qualified member Aboriginal entrepreneurs and businesses in Manitoba. Structured under the guidelines of the Aboriginal Capital Corporation Program of the Canadian Aboriginal Economic Development Strategy, TWCC was created through the efforts and application of five Manitoba Tribal Councils and a number of Independent First Nations. From the original three employees, TWCC has grown to its present sizes of over 165 employees across multiple lines of business. Our diversification strategy has led to consistent and strategic growth within the organization.
TWCC embraces a culture founded on strong governance, commitment to deliver value to its shareholders and to make positive contributions within the community. Today, TWCC is one of the largest of the 60+ Aboriginal Capital Corporations across Canada. Since inception in 1993, TWCC loans have helped approximately 800 Aboriginal businesses in Manitoba, which in turn has generated over 2,300 jobs.
Within the past five years, TWCC has achieved a number of notable accomplishments, having been awarded: Most Outstanding Medium Size Business by the Manitoba Chamber of Commerce, named the 12th Fastest Growing Business in Manitoba for two consecutive years by Manitoba Business Magazine and received the Economic Developer of the Year award by the Council for the Advancement of Native Development Officers (CANDO).
PLANNING YOUR BUSINESS
Nothing else you do in the course of running your business is going to be more important than the creation of your Business Plan because without it your business cannot even get started.
A business plan is essentially your strategy of how your business will be set up, how you intend to run it, how much money you think it will earn and why you think your business will succeed. In effect, your Business Plan outlines your business goals and tells you and others how you expect to achieve them.
BUSINESS PLAN COMPONENTS
When you present your Business Plan it should contain the following sections:
Cover Page: Company Name, Address, Phone Number, Key Contacts
Executive Summary: What company is and does; a brief history; where future opportunities exist; the amount of money required.
Background/History of the Company: Management; Qualifications; Responsibilities
Marketing Proposal: Product/service; Price; Market Research; Key selling advantages/benefits; Advertising/promotion
Operation: Production process; Labour requirements; Reporting procedures; Credit policy; List of suppliers; Inventory Control
Financial Proposal: Cash flow forecast; Collection; Repayment schedule
Basic Data: Bank, Accountants; Shareholders; Lawyers; Incorporation
Appendices: Detailed management biographies; product literature; valuation of assets; financial statements; detailed cash flow forecasts; profit and loss statements; major contacts
A number of sites on the internet provide resource materials that will allow the client to develop a workable business plan. These include templates for both the business plan itself and the marketing plan.
BUSINESS PLAN RESOURCES
A number of sites on the internet provide resource materials that will allow the client to develop a workable business plan. These include templates for both the business plan itself and the marketing plan.
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