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divided between the partners, with the potential for personality conflicts to set in. Of course, your business plan will not be complete without a thorough breakdown of all costs, whether start-up or operational, and how those costs will be met. You’ll need to account for everything from equipment, inventory, and payroll to rent, taxes and marketing. Include all planned funding sources, from grants and subsidies to loans, equity, or lines of credit. When you think you may be done your business plan, consult professionals like accountants and experienced business people for 8 yourBusiness constructive criticism and to find out if you’ve overlooked anything. The more detail you can provide, the more confidence you’ll inspire in lenders and investors when you seek out financing. Financing for your business can come from a variety of sources. Banks, trust companies and credit unions can help with short-term loans, long-term mortgage loans, or perhaps loans against inventory or accounts receivable. For smaller businesses, such as a home-based business, lines of credit may suffice, although interest rates may prove prohibitive. Venture capitalists may want to invest in your business, but this tends to involve Online | VOLUME 1 - ISSUE 2 them acquiring a percentage of your company, including participation in decision-making. There are also many grants and subsidies available to small and medium sized businesses. The Canadian Small Business Financing Program, for example, provides financial institutions with government loan guarantees up to $500,000 for business with annual gross revenues up to $5 million. These loans can be used to cover up to ninety percent of the costs to purchase or improve land; purchase leasehold improvements or improve leased property; or purchase new equipment or improve old equipment.