Canadian Youth Business Foundation

Canadian Youth Business Foundation

October 22, 2013 08:00 ET

New and Updated Free Online Resources to Help Entrepreneurs Build Roadmap for Success

TORONTO, ONTARIO--(Marketwired - Oct. 22, 2013) -

Editors' Note: There is a photo associated with this press release.

In celebration of Small Business Week, the Canadian Youth Business Foundation (CYBF) is excited to share its updated and improved online Business Resource Centre to support young entrepreneurs and the mentors who help them along the way. In less than a year since the launch of the Business Resource Centre, 11,550 users have registered to use the no cost tools.

The Business Resource Centre features specialized multimedia tools such as webinars, 'how-to' videos and articles that provide much-needed education and support, and the ability to connect with experts and receive valuable business advice.

The highlight of the Business Resource Centre is the Business Plan Writer, designed to complement CYBF's application process, which aims to ensure more Canadians can benefit from CYBF's program of start-up financing and mentoring in a straightforward, user-friendly way. Recently added are Business Planning Crash Courses; interactive learning modules that provide in-depth, self-guided learning on each major section of the business plan, and other key topics.

The Business Planning Crash Courses appeal to various learning styles, and focus on areas of the business plan where a greater level of understanding and clarity create a more robust business plan, the integral map for success. For Small Business Week, CYBF has launched Courses that cover the creation of the following sections of the business plan: Company Profile, Market Research, Marketing, and Operations.

"The Business Resource Centre represents our continuing commitment to providing online, no-cost resources that answer the questions that entrepreneurs ask at all stages of their businesses. We are constantly updating, innovating and adding tools that actually help entrepreneurs succeed," said Julia Deans, Chief Executive Officer, CYBF.

The Business Resource Centre, which features English and French content organized by industry type, location, business stage and audience needs, was developed thanks to generous funding provided by BMO Financial Group.

"BMO's support of youth entrepreneurship and small businesses is allowing CYBF to make vital tools available to help entrepreneurs achieve success which, ultimately, will contribute to Canada's economic success." Deans continued.

BMO Financial Group pledged $500,000 over five years to develop the Centre, starting in January 2012. The Centre will continue to be developed and enhanced over the next three years, with additional resources added and existing components modified based on the input and suggestions of young entrepreneurs.

"BMO is proud to support Canada's young entrepreneurs and believes that tools such as those offered by the CYBF Business Resource Centre are vital to the development and success of tomorrow's small business community," said Steve Murphy, Senior Vice President, BMO Bank of Montreal.

Business Plan examples and the Business Planning Crash courses can be accessed:

About the Canadian Youth Business Foundation

The Canadian Youth Business Foundation (CYBF) is a national non-profit organization dedicated to growing Canada's economy one young entrepreneur at a time. We look at character, not collateral, when providing youth aged 18-39 with pre-launch coaching, business resources, low-interest financing of up to $15,000, and industry-leading mentoring to help them launch and sustain successful businesses. CYBF's co-financing partner, the Business Development Bank of Canada, leverages CYBF's application process to provide up to $30,000 in additional support for CYBF entrepreneurs.

Established in 1996, CYBF has been recognized as a global leader in advancing youth entrepreneurship. CYBF is a founding member of the G20 Young Entrepreneurs' Alliance, the Canadian member of The Prince's Youth Business International, and the Canadian host of Global Entrepreneurship Week (being held November 18-24 in 2013)

About BMO Financial Group

Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $549 billion as at July 31, 2013, and more than 46,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

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