Community Futures Eastern Ontario welcomes new Board Members, Devon Jones, Dan Ruby and Judith Pineault

We are happy to share the highlights and key moments from Community Futures Eastern Ontario's (CFEO) Annual General Meeting (AGM), held on Thursday, 18th July 2024, at the Valley Heartland Community Futures Development Corporation Innovation Centre.

When starting out a new business we immediately think of the obvious. We focus on issues such as where we source our product, the cost of acquisition, do we need to rent premises, if we need staff how will we cover payroll and so forth.

Well down on the list, if at all, some thought might be given as to how we can protect ourselves from unforeseen circumstances.

Considering all the things that could harm your ability to manage the business effectively, is referred to as Risk Management.

When your business is in its infancy, you tend to it with great care. You nurture it. You carefully work out your business plan. For as long as you can, you do everything yourself and as long as everything is getting done, this is the most efficient use of your resources. You may be satisfied with the level of income you make as a one-person, home-based business and decide you don't want it to grow beyond that stage - there's nothing wrong with that. If you do hope to expand your income and grow your business, however, you must go beyond start-up and start thinking strategically about how to move your business toward growth and expansion.