[Infographic] How to Start a Small Business in Canada

How To Start A Small Business In Canada

Being a Small Business owner is like living a few years of your life like most people won’t, so that you can spend the rest of your life like most people can’t. Do you have what it takes to be one?

Your Idea

Your business idea is the most critical components to starting a small business. It’s the idea that usually makes or breaks the business. Will people like it? Will customers buy? Why you versus someone else? Start here first.

The Research

To ensure that your small business idea has some kick to it before you go and invest your life savings into it be sure to conduct thorough research and figure out if there is a chance or no chance for your idea to be a legit business.

The Business Plan

Without a business plan your idea will have an extremely difficult time turning into a real business. A business plan acts as the guide and the road map to the success of your small business. It is your best friend to ensuring your success.

Your Needs and Your Wants

Once you’ve completed your business plan you will have a better idea of what your business needs in order to be successful. You will also know what you want in order to feel successful. Start with your business plan to be able to get to here.

Funding

You simply can’t start a business without the proper financial support. You can use your own savings, borrow from family and friends, visit the local banks, search for private investors or turn to the Canadian government for grants and loans.

Funding

You simply can’t start a business without the proper financial support. You can use your own savings, borrow from family and friends, visit the local banks, search for private investors or turn to the Canadian government for grants and loans.

Pre-Launch

Now that you’ve taken care of it all you are ready to launch your small business. Right? Wrong!
The next step to ensuring your small business is to have a pre-launch and be able to test with a smaller market to see how your day to day goes.

Start Up

Once you have build your idea into a real business, completed your business plan, found some startup funding and tested your business, the only other thing to do is to launch your small business.

It’s a lot of work. Why not get some help?
CanadaStartups.org