Business advisory services for small and medium-sized businesses
Highlights
This program is designed specifically for established small and medium-sized businesses like yours. It offers tailored advice and practical recommendations to help you grow and scale. Senior Business Advisors will work closely with you to understand your unique business needs and identify growth opportunities.
Key Benefits:
- Access to Capital: Get the funding you need to expand your operations.
- Expert Analysis: Receive a detailed assessment of your organizational strengths and areas for improvement.
- Government Navigation: Understand and navigate government regulations and compliance challenges with ease.
- Networking Opportunities: Connect with other businesses and local partners to find skilled staff and new business opportunities.
- Capacity Building: Get support for technology adoption and export readiness programs.
By participating in this program, you will gain valuable insights and resources that can help you overcome business challenges and achieve sustainable growth. The process to qualify is straightforward, making it easier for you to access these benefits and take your business to the next level.
Financing Details
Type of Financing: Grant
Eligible Expenses:
- Business expansion costs
- Research and development
- Marketing and promotional activities
- Purchase of new equipment
- Employee training programs
Ineligible Expenses:
- Personal expenses
- Debt refinancing
- Real estate purchases
- Routine operational costs (e.g., utilities, rent)
Fees:
- No application fees
- No processing fees
Qualifications
- Must be an established small or medium-sized business.
- Must have between 10-500 employees.
- Must be a producer of tradable goods and services.
Must be located in Ontario.
Disqualifications:
- Start-ups, micro businesses, retail and service industry businesses.
- Businesses outside of Ontario.
Description
This program offers your business personalized support to help it grow. You can receive tailored advice and practical recommendations from Senior Business Advisors. They will work with you to understand your business needs and identify growth opportunities.
You can access capital, which can be crucial for expanding your operations. The advisors can help you navigate government regulations, making it easier to comply and do business with the government. They also assist in making connections with other businesses and local partners, which can help you find skilled staff and build your network.
The program also facilitates discussions and referrals to support your business in areas like technology adoption and export readiness. This means you can get help with adopting new technologies and preparing to enter new markets, which can significantly boost your business's capacity and competitiveness.
Program Steps
Contact Your Local Senior Business Advisor:
- Email the appropriate regional contact:
- Greater Toronto and Hamilton Area, Niagara Region, Simcoe County, and Muskoka Region: [email protected]
- All counties east of Durham Region: [email protected]
- All counties west of Hamilton Region: [email protected]
- Alternatively, call the toll-free number: 1-800-267-6592.
- Email the appropriate regional contact:
Schedule an Initial Consultation:
- Arrange a meeting with a Senior Business Advisor to discuss your business needs and growth opportunities.
- Prepare to discuss your business's current status, challenges, and goals.
Prepare Necessary Documentation:
- Gather the following documents:
- Business Plan
- Financial Statements (last 2-3 years)
- Organizational Chart
- List of Key Personnel
- Details of Current Business Operations
- Market Analysis
- Any relevant licenses or permits
- Gather the following documents:
Attend the Consultation:
- Present your business documentation and discuss your needs with the Senior Business Advisor.
- Receive tailored advice, analysis, and recommendations specific to your business challenges.
Implement Recommendations:
- Follow the practical recommendations provided by the Senior Business Advisor.
- This may include accessing capital, improving organizational strengths, or navigating government regulations.
Leverage Additional Resources:
- Utilize connections to other provincial ministries, local partners, and networking opportunities.
- Explore programs for technology adoption, export readiness, and other capacity-building initiatives.
Follow Up:
- Maintain regular contact with your Senior Business Advisor for ongoing support and guidance.
- Update them on your progress and any new challenges or opportunities that arise.