Business Development

What is Business Development?

Business development comprises a number of tasks and processes generally aimed at developing and implementing growth opportunities within a community. It is a subset of the fields of business, commerce, and organizational theory.

Why get involved in Business Development?

There are many benefits to a formal business development process rather than jumping right in.

Some benefits to the process include:

  • Business planning allows advance consideration and preparation for potential challenges
  • Provides for process to determine expected costs with increased accuracy
  • Allows for due diligence in advance of business acquisitions
  • Provides careful consideration of potential impacts, negative and positive, of expansion opportunity
  • Consider of marketing initiatives; local, domestic, or export oriented
  • New product or process development
  • Determining financial implication of new technology to improve operations and competitiveness prior to implementation
  • Consideration of operating costs in addition to capital costs and related cash flow implications
  • Financial services, business support, business-related training, and mentoring services
  • Referrals to expert advice

Who should be involved?

Aboriginal entrepreneurs and communities that are proposing to establish a business, acquire a business or to expand existing business.

What kinds of skill development workshops are offered?

  • So you want to start a business – entrepreneurial assessment
  • Shooniah and You – how to manage your finances
  • What is a marketing plan and how to I build one?
  • What do lenders look for?
  • Your credit report. What is it? Why is it important? How do I improve my score?
  • Cash flow is different from income? How and why is it important to know the difference?
  • Why is financial record keeping important? Tips and tricks to stay organized
  • My day slips away from me!  How do I manage my time?

What can NADF do to help?

The Business Development Officer promotes entrepreneurship and guides entrepreneurs to investment readiness for business start-up, maintenance and/or expansion. We are also able to deliver business development workshops by topic that are part of the business planning processes.

These include, but are not limited to:

  • Business Planning
  • Personal business coaching
  • Proposal Writing
  • Generating Ideas
  • Do you have what it takes to be an Entrepreneur
  • Do you need help in your business?
  • How to Market your product or service