Upon learning that the only bridal shop in town was going to be closing its doors; A.J. & Melanie Last seized the opportunity to bring what was desperately going to be needed back to their community. When they requested information from the City of Timmins Licensing Bureau about opening a business, A.J. and Melanie were referred to the Timmins Economic Development Corporation.
A.J. and Melanie enrolled in the Starter Company Program to help them get their business, L Bridal, up and running. The 8-week course allowed them to look at some of the smaller aspects of running a business each week while working up to a cohesive final business plan.
The program also encouraged them to examine their financial footprint and determine the long-term viability of their business. Upon completion of their analysis, A.J. and Melanie learned that their 3-year financial projections went above and beyond most projection requirements and were well received by most financial institutions.
When it came to planning the business, it was important that Timmins’ only bridal shop would be large enough to provide enough space and variety to ensure that potential customers were satisfied. The shop required extensive renovations but they were essential as it was important that their clientele were able to enjoy a once in a lifetime fitting experience in a lavish, Victorian-inspired bridal room.
A.J. & Melanie said that they were initially somewhat skeptical about the value of Starter Company Program, they would now recommend it to all new businesses as a great first step.
“Without the program our shop would not exist. It gave us the confidence and research time we needed to properly develop a concrete and precise business plan that is required to even start a business,” A.J. explained.