Hi brudenell,
Good day and thanks for your question. There are various ways to
finance your production.
There are a number of financing guides available on the Internet,
customized for Canada.
http://www.cbsc.org/osbw/finance.html
The CBSC (Canada Business Service Center) talks about financing your
business, including information on equity, long term debt, short-term
debt, leverage and an example on how a loan privilege could be abused.
http://strategis.ic.gc.ca/SSG/sv00004e.html
This site contains a module that is designed to increase your
competitiveness
http://www.cba.ca/eng/Tools/Brochures/tools_small.cfm?pg=8
"The Money you'll need"
Now, coming to your question regarding the sources of funding, you
could obtain funding from
- Programs
- Organizations
- Banks
Programs & Organizations
------------------------
Canadian Television Fund
http://www.canadiantelevisionfund.ca/
Provides funding to assist Canadian productions for television
CONTACT
Beverley Bettens
111 Queen Street East, 5th Floor,
Toronto, Ontario M5C 1S2.
Ph: (416) 975-0766
Fax: (416) 214-4420
ANNUAL BUDGET
$200M approximately
MANDATE
Drama, Children's Documentary, Variety, and Performing arts
TYPE OF FUNDING
License fee top-up based on formula
Canadian Independent Film and Video Fund
http://www.cifvf.ca/
CONTACT
Robin Jackson
Suite 203, 666 Kirkwood Ave., Ottawa, ON K1Z 5X9
Ph: (613) 729-1900
Toll-free: (888) 386-5555
Fax: (613) 729-4610
E-mail: cifvf@achilles.net
Web site: www.cifvf.ca
ANNUAL BUDGET
$750,000
MANDATE
Development and Production for informational, educational, films and
videos
Development, prototype and production funding for interactive
digital content projects
TYPE OF FUNDING
Grants
COMMENTS/SPECIAL CONDITIONS
$50,000 production maximum
$10,000 development maximum
CBC Transcanada Productions Fund
http://www.cbc.ca/
FOCUS
All genres of programming including documentaries.
CONTACT:
PO Box 500, Station A, Toronto, Ontario M5W 1E6
Tel.: (416) 205-3311
Independent Production Fund
http://ww.ipf.ca/
CONTACT
Andra Sheffer
2 Carlton Street, Suite 1709, Toronto, Ontario M5B 1J3
Ph: (416) 977-8966
Fax: (416) 977-0694
E-mail: ipf@inforamp.net
Claire Dion
1225, boul. Laird, suite 275, Ville Mont-Royal, H3P 2T1
Ph: Montreal: (514) 737-9969
Fax: (514) 737-9008
ANNUAL BUDGET
$3M
MANDATE
Dramatic series and pilots.
Special Projects to enhance dramatic series.
TYPE OF FUNDING
Equity
Grants
DEADLINES
February 15, April 15, August 1, November 1
COMMENTS/SPECIAL CONDITIONS
Must have private broadcaster license.
For professional industry organizations only.
Film Finances Canada
http://www.filmfinancescanada.com/
British Columbia Film
http://www.film.bc.ca/
Based in Vancouver, British Columbia, Funding agency offering equity
financing, tax incentives, and skills development assistance.
Canada Council
http://www.conseildesarts.ca/
Arts funding agency (including audio-visual) for professional Canadian
artists and arts organizations.
National Film Board of Canada
http://www.nfb.ca/
Government-funded films body which supports production and
distribution.
Telefilm-Canada
http://www.telefilm.gc.ca/
Government-backed agency for production and promotion of Canadian
projects. Takes an equity position in return for investment.
Canadian International Development Agency (CIDA)
http://w3.acdi-cida.gc.ca/dip
The Atlantic Canada Opportunities Agency has a Seed Capital ConneXion
Program for Young Entrepreneurs, where
* Up to $15,000 is available in the form of a repayable, unsecured
personal loan.
* Up to $2,000 is available for specialized training and business
counseling.
URL: http://www.acoa-apeca.gc.ca/e/financial/capital.shtml
Banks
-----
Bank of Montreal
http://www.bmo.com/
Business Development Bank of Canada
http://www.bdc.ca/bdc/home/Default.asp
Canadian Western Bank
http://www.cwbank.com/
CIBC (Canadian Imperial Bank of Commerce)
http://www.cibc.com/
Citizen's Bank of Canada
http://www.citizens.com/
Coast Capital Savings
http://www.coastcapitalsavings.com/
Credit Union Central of Canada
http://www.cucentral.ca/index.htm
Credit Unions of Prince Edward Island
http://www.creditunions.pe.ca/borden/
CS COOP
http://www.cscoop.ca/index.htm
Laurentian Bank
http://www.lbcdirect.laurentianbank.ca/
National Bank of Canada
http://www.nbc.ca/
President's Choice Financial
http://www.preschoicefinancial.com/
RBC Financial Group
http://www.royalbank.com/
Scotiabank
http://www.scotiabank.ca/
TD Canada Trust
http://www.tdcanadatrust.com/
Business Plan
=============
There are six key elements to your business plan.
-Introduction
-The Team
-Business Environment
-Operations
-Finance
-Risks & Conclusions
Introduction
------------
If you are submitting your business plan to an investor, financial
institution or someone else, this is one section that is necessary.
The introduction section of your business plan will set the stage and
tone for the reader. Include an attention-getting cover page. Consider
using your company logo. Your table of contents should be organized
and easy to follow. Pay special attention to the Executive Summary
since many readers will go to it first and may never go beyond it
* Introductory Letter
The introductory letter briefly states why you are
submitting/creating your plan and highlights important information for
the receiver.
* Cover Page
In addition to the words "Business Plan", your cover page should
clearly identify who you are, your company name and how you can be
contacted. Your Cover Page should include the following:
+ Your name
+ Company name
+ Address
+ Telephone number
+ Date
It might also include (if available) Fax number, E-mail address,
Website address, and Company logo
* Table of Contents
A reader may often use the table of contents to skip to the part
of your plan they are most interested in. Therefore your table of
contents should clearly outline the core sections and subsections of
your plan.
* Executive Summary
The executive summary is the most important part of your business
plan. It is where you grab the attention of the reader by summarizing
the highlights of your business plan in a short document. Your
Executive Summary should cover the following:
+ Describe your concept.
+ What is the legal structure of your company
+ Is your company already in operation or is it a start-up
operation?
+ Who is involved in the venture? Briefly summarize your management
team's experience and credentials.
+ How much money (if any) are you seeking and for what purpose?
+ How much money has the founder(s) invested to date? How has this
money been spent?
The Team
--------
A business is only as strong as the people who breathe life into it.
Your management team and staff can be the difference between a
successful business and one that fails. Therefore, it is important to
include a section in your business plan that outlines the skills that
your team members possess and how these skills will help bring about
your production. The Team section of your business plan should
include:
* Management Team Profiles & Ownership Structure
Good management is key to its success. It is important to think
through and identify all management categories, necessary skill sets
and possible job titles. It is not necessary to fill each position
with a different person. You should, however, identify the people who
are capable of assuming roles when necessary, whether it be yourself
or someone else. It is suggested that you provide a current copy of
everyone's résumé in addition to including profiles of each member of
your management team (even if the team is just you) that demonstrates
his or her unique skills. Describe how each person will add to the
team's success.
* Advisors
No matter what size your company, creating a board of advisors for
your company is an excellent way to benefit from the skills and
expertise of people you may not yet be able to afford to employ. By
outlining your Advisor's credentials, you can help to enhance the
credibility of your management team. Therefore, it is important to
include a section of your business plan on your board of advisors.
* Professional Services
Another important aspect of your business plan should be a section
that lists all the professional support services - such as your
lawyer, accountant, banker and consultants - that your company will
use. This list will show not only that you have considered all facets
of your business, but also that you have a strong network of talent
that will help your company grow. If you haven't already investigated
professional services, consider asking others in your industry for
recommendations of support services and read trade magazines to find
possible contacts.
* Human Resources Requirements
Once you have defined your management team, you need to include
details on the other employees your business may or may not need and
what their function(s) will be. In the beginning it may be just you
and a selection of freelance, contract or part-time help. You will
need to think ahead and consider all the options you may be faced
with. The purpose of this section will be to ensure that you have
considered the labor situation in the area and industry in which
you're starting the business and have made allowances for the
compensation and training of this staff.
Business Environment
--------------------
A clear understanding of your industry and your company's position
within it are crucial to your success. You've got to communicate what
your purpose is as a company. This section describes the industry that
your company will operate within, how you will position your service
within that industry and why your production is viable. Your challenge
is to clearly describe what your company is going to do and why that's
special. The Business Environment section includes the following
subsections:
* Business Summary & History
This section should describe the overall picture, from the time
the business was started (if started before writing your business
plan) to what stage your business is at presently. This is where you
should outline the work you have done so far.
* Industry Overview
It is important to give some background on the industry you will
be working in. Describe some of the trends in your industry, along
with the growth prospects of the industry. It is important to
summarize the various sectors within your industry since this will set
the stage for the description of where your company will operate.
* Position in the Industry
Most new businesses that succeed do so because they find a small part
of an industry that they can call their own - commonly called a
"niche". You must describe in what way your production is unique
Operations
----------
Your plan needs to address the day-to-day running of your production.
If your idea is still at an early stage, completing this section of
the plan will help you to list the steps required to develop your
production. Or, if you have already made some progress toward
developing your production, this section of your business plan will
help you to create a checklist of tasks that still need to be done.
The Operations section of your business plan should have two
subsections:
* Stage of Development
You need to identify what stage your production is at. In other words,
are you still in the thinking or idea stages, or are you already
developing it? This part of your plan simply outlines the steps you
have taken toward developing your business and what remains to be
done.
* Production Process
This part of your business plan allows you to show an
understanding of the process of creating your production. For example,
how will you keep track of inventory? Will this be computerized or
manual?
Finance
-------
The finance section is your opportunity to determine how viable your
production is financially. It will also act as a benchmark for you to
gauge your progress against your original projections. To create your
financial plan you'll first need to determine the type and amount of
expenses your business will incur. This information will help you
create the core financial statements for your business.
* Expenses
Your Expenses section of your business plan may include, but is not
limited to your salary (management salaries), other salaries (e.g. for
your shipper, bookkeeper, receptionist), rent or mortgage payments,
raw materials, storage, distribution, office supplies (e.g. postage,
pens, paper, photocopying, etc.), telecommunications (e.g. telephone,
fax, internet service, cellular, etc.), office equipment (e.g.
computer, printer, fax machine), electricity, insurance, including
premiums to be paid to your provincial workers' compensation
board/commission, promotion (including advertising), selling expenses,
car expenses or travel, professional services (accountants and
lawyers, for example), maintenance, repayment of loan capital and
interest, other financial expenses (e.g. sales discounts, bad debts),
other expenses
* Income Statement
An income statement shows your profit or loss for a particular
period of time, detailing all revenues, expenses and other costs. As
with the cash flow statement, it should be prepared on a monthly or
quarterly basis to allow for proactive management of any changes. You
can find an example of an income statement can be found at
http://www.royalbank.com/sme/bigidea/pdf/incomest.pdf . Please note
that you will need Adobe Acrobat Reader to view the file.
* Cash Flow Statement
The old saying that "cash is king" is true. Simply put, without
cash, your business can't operate. A cash flow statement is a
reflection of how much money your business has at a particular point
in time. If your cash inflows (collected revenue) exceed your cash
outflows (disbursements), your cash flow is positive. If your cash
outflows (disbursements) exceed your cash inflows (collected revenue),
your cash flow is negative. A cash flow statement enables you to see
where cash is low and when you will have a surplus and should be
prepared on a monthly basis, or at minimum, quarterly, to allow for
proactive management of any changes. The key is anticipating - and
planning for - these fluctuations. Example -
http://www.royalbank.com/sme/bigidea/pdf/cashfl.pdf
* Balance Sheet
A balance sheet is a snapshot of the financial state of your
company at a particular point in time. It outlines your assets,
liabilities and equity and helps you know the net worth of your
business. A balance sheet should list current assets such as accounts
receivable, inventory you have on hand, and your cash balance. It
should also list fixed assets such as property, equipment, furniture
and fixtures, and vehicles. Example -
http://www.royalbank.com/sme/bigidea/pdf/balancesh.pdf
Risks & Conclusion
------------------
* Risks
Every business has some degree of risk to it. It is important for
you to think through and outline possible risks in your company. This
will demonstrate that you understand the risks and, to the extent that
you can, have made allowances for them. Detail how you plan to
minimize or address the risks inherent to your business. Remember that
the most important reason for writing a business plan is that it is an
important tool to help you start and manage your business. Feel free
to incorporate all identified risks within their respective sections
of your business plan and make them clearly understood by any
perspective reader of your business plan. For example, you can discuss
human resource risks such as not being able to find skilled labor. Be
honest about your risks and take them seriously because you can avoid
many problems by thinking ahead
* Conclusion
Having considered the risks and your ability to deal with them,
what's the verdict? Remember, your business plan should be as vital
and strong as the dream you have for your company. Clearly restate the
goals and objectives for your business. If the purpose of your
business plan is to get financing - state the amount required and what
it will be used for. Your conclusion section should be concise, clear
and leave a positive impression.
Sample business plans :
http://www.royalbank.com/sme/bigidea/christinedenis.html
Christine & Denis Landscapes Ltd. requesting a term loan of $125,000.
http://www.royalbank.com/sme/bigidea/michaels.html
Michael's Business Center. Michael owns a retail company and has
written his business plan to clearly map out his company goals.
http://www.royalbank.com/sme/bigidea/kamiko.html
Kamiko Fine Foods, a food wholesaler requesting an operating loan of
$60,000.
Source of information on business plans and examples:: Royal Bank of
Canada ( http://royalbank.com )
I have answered your question as comprehensively as possible. If you
have any clarifications, then please don't hesitate to ask. Thank you
for using this service. I wish you all the best in your production,
and am looking forward to see it. Have a good day
Warm Regards,
Aditya2K
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