EP206: Let’s Talk About Finance

The Business of Becoming with Lori Kennedy

This episode is a really special episode for me, as I was able to interview an amazing contact that I met through Instagram.

Brooke Gordon works for Business Development Canada as a resource for women entrepreneurs to connect them with resources to help grow and scale their business, and she came onto the Business of Becoming to do just that.

Brooke shares with us the common misconceptions that entrepreneurs tend to have about investing, banking, and everything finance. Even in this episode, I was the first to admit that when I started this business, over a decade ago, I wasted so much time and energy sorting out financial situations that could have been avoided. And this is where Brooke comes in…

Helping all of us avoid business financial mistakes, here is Brookes extensive list of business resources to help you sort, and get your business on the right track for 2021:

Resource Guide for Women Entrepreneurs, which lists many of the incubators:

https://www.bdc.ca/en/i-am/woman-entrepreneur/connect/partners

TAP program with EDC:

https://www.edc.ca/en/campaign/trade-accelerator-program.html

Cash flow quiz:

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/business-assessments/cash-flow

Cash flow management guide:

https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/guides/cashflow-management

Cash flow eCourse:

https://catalog.bdc.ca/product?catalog=Cash_flow&_ga=2.210137687.339233121.1609362834-1409618599.1609362834

Tools for managing your finances:

https://www.bdc.ca/en/articles-tools/money-finance/manage-finances

Our free eCourses on finances include “Be credible and prepared when speaking to a banker”, and Financial Fundamentals I and II

https://catalog.bdc.ca/catalog?pagename=Money_and_finance

Checklist to apply for a business loan:

https://www.bdc.ca/en/articles-tools/money-finance/get-financing/how-to-get-business-loan-your-checklist-to-success

More About Brooke:

Brooke Gordon is a Senior Advisor, Women Entrepreneurs at the BDC where she helps Canadian women-owned businesses accelerate their growth and scale-up — ensuring women thrive through every step of their business journey.

An entrepreneur herself, prior to joining BDC in 2017, Brooke served as a trusted business advisor and consultant for over 20 years in the areas of strategic planning, organizational development and operations.

Brooke holds a Master’s in commercialization (MEEi), and a Bachelor’s and Master’s in Engineering Physics from McMaster University. She currently teaches the Engineering and Management final year capstone project.

You can connect with Brooke on her Instagram or LinkedIn.

Things We Mention In This Episode:

• Acquiring Capital
• Cashflow
• Business Development Canada
• Incubators
• Accelerators
• Bookkeeping
• Accounting
• Personal Banking
• Business Banking
• Line of credit
• Overdraft
• Mortgage
• Department store credit cards
• Trade credit
• Factoring
• Equity
• Credit Cards
• Angel investors
• Personal assets

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Let’s Keep The Conversation Going…

Do you feel like you are stuck with a particular business idea, or are you fluid as things change? Have you been through a personal transformation that affected your business? I would love to hear all about it and I’m sure others would too. Comment below and share your story or visit me on Instagram which is currently my favourite way to connect.

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