Exporting allows companies to diversify their risk by having revenue streams from different markets and divergent economies. Along with the increased sales potential, there are opportunities to achieve greater economies of scale and maximize productivity – and profitability...
One great advantage of being an entrepreneur is being able to do something you are passionate about or love to do. How do you plan to turn your passion into profit? Can my idea become my business? Every new business starts with an idea. You will have to do your homework to...
Your business plan is a put-your-thoughts-down-in-writing approach to bringing your business from an idea to reality. It is a clear description of your business, a written summary of what you hope to accomplish in business and how you intend to organize your resources in order to...
Starting a new business begins with a good idea or a great opportunity. Starting a successful new business begins with a well developed idea and a solid plan. Any successful entrepreneur will tell you the first step to a successful start - Do your homework! Owning your own...
Shoreline Design Inc. continues to produce world class artisan jewelry and gifts that are enjoyed by both visitors and Islanders alike, while successfully expanding their product line to meet increased demand, says Minister of Economic Development and Tourism Heath MacDonald....
PEI communities possess unique and valuable characteristics. Residents in these areas want to maintain the qualities that define them and at the same time seek economic opportunities that will ensure long-term growth and sustainability. For more than 20 years the Central...
The deadline for applications to the Ignition Fund is Friday, July 29, 2016. This support offers up to $25,000 through Innovation PEI to launch or expand a business in Prince Edward Island. With this investment of seed capital, entrepreneurs can develop their ideas into tangible...
With roots dating back to 1870, MacAusland’s Woolen Mills Ltd. is one of the longest-operating businesses on Prince Edward Island. Since 1932, they have been keeping people from all over Canada and the United States warm with their traditional blankets made from 100% virgin wool...
Business activity in rural Prince Edward Island continues to heat up as more companies look to create value added, locally made products and bring them to market, says Minister of Economic Development and Tourism Heath MacDonald. Richards Total Pool Services located in Montague...
Mont Carmel resident and Innovation PEI Ignition Fund 2014 recipient, Mathieu Gallant is looking forward to continuing the PEI cheese making tradition through his new company Island Artisan Cheesehouse. Commercial cheese making on Prince Edward Island dates back to the 19th...