How to Start a Business in Canada

advertisement
Presented by Roger Pierce
NewcomerStartup.com
1
Supportive government
 Entrepreneurship culture
 Affordable
 Access to US market
 Diverse population =
opportunities

2
Control your destiny
 Pursue your passion
 Earn a lot or a little money
 Make a difference
 Be the boss

3
Long hours, stress
 Financial risk
 Takes time to get going
 Responsible for others
 No guaranteed income

4
Passion
 Ambitions in life
 Work preferences
 Personal priorities

5
Personal goals
 Financial goals
 What will your business achieve?
 Who will it serve?

6
3 ways to enter business:
1. Buy one
2. Buy franchise
3. Start one
 Research your idea

◦ Customers, competition

Decide
7
Write a Business Plan
 Calculate Startup Budget

◦ Capital costs +
◦ Operating costs x 6 months

2 years & 10 pages
8
Savings
 Friends & family
 Banks
 Investors
 Programs
 Customers & suppliers

9
1.
2.
3.
Professional advisors
(banker, lawyer,
accountant, coach)
Peer advisors
(entrepreneurs,
mentors, colleagues)
Paid help (employees,
suppliers, freelancers)
10
Set it up
 Open for business
 Promote it
 Focus on selling
 Learn, adjust, grow

11
Spending too much
 Overestimating revenue
 Waiting for customers to find you
 Doing it all yourself
 Working in your business

12
Canadabusiness.ca
 Getgrowingforbusiness.com
 Bizpal.ca
 Cfa.ca
 Entrepreneur.com

13
Free advice at NewcomerStartup.com
14
Download