BMO-s Financial Tip of the Week: Consider a Variety of Factors Before Starting a Small Business

TORONTO, ONTARIO — (Marketwire) — 10/04/12 — As part of BMO Financial Group-s ongoing commitment to financial literacy and -Making Money Make Sense- for Canadians, BMO is releasing a financial tip every week in 2012.

BMO-s Financial Tip of the Week: Canadians looking to realize their self-employment dreams should consider a variety of factors before starting their small business.

“While there are many benefits to opening a small business, entrepreneurs should understand that this is an enormous undertaking, especially from a financial standpoint,” said Joe Collura, Small Business Area Manager, BMO Bank of Montreal. “Lack of sufficient preparation could have a negative effect on the success of the business and on business owners themselves, so it-s important to seek the assistance of a financial professional who can help you manage your finances when it comes to ensuring the success of your business.”

BMO offers the following tips to entrepreneurs-to-be:

For more information on starting a small business, please visit: .

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Contacts:
Media Contacts:
Paul Cunliffe, Toronto
416-867-3996

Valerie Doucet, Montreal
514-877-8224

Laurie Grant, Vancouver
(604) 665-7596

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