Are you new to Canada and new to business?
(NC) As a newcomer to Canada, you may be considering ways to start your own business. This can be exciting, but it can also be demanding. When you are new to Canada, knowing what is involved and finding the right information is important. Here are some tips that can help make your business vision a reality:
Start with a plan
A good plan is important for anyone starting a business. This is a written document that describes your business and shows potential investors or lenders that your idea has the potential to succeed. It also helps you plan for the future growth and development of the company.
Determine what is involved
To complete your business plan, it is important to understand the start-up requirements. Licensing, registration and tax accounts may be needed before starting. To determine what steps will apply to your specific idea make sure you have a clear understanding of what the business will be. Many of the requirements will be based on the individual choices you make about your business type, location and structure.
Get the right information
The Business Guide for Newcomers to Canada is designed to help entrepreneurs learn about starting a business. The guides are free of charge and the information is available in English or French by calling 1-888-576-4444. You can also contact CBO for access to free secondary market research.
Starting a business in Canada can be both rewarding and challenging no matter where you come from. Some of the most successful Canadian companies were started by newcomers. It all begins with a vision, planning and the right information.