Biz Info: Monitoring your business

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Is Growing Your Business Worth the Risk?

As your business grows so too do the challenges of maintaining a successful business. The key to continued growth and success of your business is strong management in all aspects. By monitoring your business you will be able to track key management areas and identify any gaps in your management structure.

Your business is continually changing, making it very important to stay on top of your day-to-day business operations. Daily tasks such as paperwork, bookkeeping, and manufacturing must also be monitored in order to maintain and improve efficiency of operations.

A successful entrepreneur also develops and maintains good relationships with lenders, suppliers, associates and employees. These relationships must also be monitored to ensure that your business is operating smoothly.

Growth Management
How Will You Manage Your Business Growth?
  • Business Fitness Centre - Questions management should ask at least annually
  • Growing Your Business –This site from Small Business Canada has a collection of small business growth strategies
  • Expansion Strategies – This information from Royal Bank of Canada discusses four ways to increase your sales and grow your business
  • Family Business Succession Plans – The University of Alberta Business Library offers models and information on succession planning
  • COBRA - This is a commercial business return analyzer that assists food processors to perform financial planning and budgeting. COBRA is delivered in a workshop format and covers risk assessment, historical trend analysis, cash flow planning, cost of production and much more

For more information on COBRA please contact Ron Lyons - Manager, Commercialization and Business Incubation, Agrivalue Processing Business Incubator

How Will You Manage Your Assets?
  • Managing for Business Success – This site from the Canada Business Network provides information on legal issues and insurance, regulations, security, fraud and tax. Discover safeguard options that will help to keep your business secure.
  • Regulations for Small Business – Here you will find links to relevant government regulations regarding small business startup and operation in Canada
  • Protecting Your Business - Your company is your greatest investment. Discover safeguard options that will help keep your business secure.
Value Chains
Are You Part of a Value Chain?
  • Value Chain Guidebook –This purpose of this tool from Agriculture and Food Council is to provide you with a process to develop your own value chain. The value chain development process is broken into three stages; each stage includes worksheets, success factors and tips for facilitators
  • Value Chain Web Links – This page contains links to value chain information, programs, industry sites, research and other related information
  • Value Chain Resource Materials – These links will lead you to resources material regarding value chains and marketing
Productivity Improvement
How can you be more productive?
  • Alberta Agriculture and Rural Development's Productivity Website - This webpage has many tools to help your business grow such as facility assessments, hands-on coaching, workshops, websites, articles, videos, training materials and upcoming events
  • Productivity Alberta - Your connection to the latest in productivity enchancement tools, programs and services
  • Agri-Business Automation and Efficiency Grant - This financial incentive program is designed to encourage projects and activities that promote value-added growth, diversification and improved competitiveness in the agri-processing industry. It is intended to complement existing programs of other supporting organizations and applicants are encouraged to investigate all options available to them

Phone the Ag-Info Centre, toll-free in Alberta at 310-FARM (3276), for assistance.
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For more information about the content of this document, contact Kathy Bosse.
This document is maintained by Ordella Knopf.
This information published to the web on November 9, 2016.
Last Reviewed/Revised on January 31, 2017.