Could use your help - advice. Thinking of creating a business that provides service for "hard to service individuals." Would like to receive government grants for start up and continued support. Any suggestions or directions as to who, what, where, when...
Advice on starting a new business
- Thread starter FearlessFreep
- Start date
The government will help you out if you make jobs. They will subsidize the pay for your employees, but there is no such thing as out right, here is some free money type grants.
Click here:
http://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/h_la02855.html#whoEligible
They wanted to throw money at me awhile ago when I was considering doing this.
http://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/h_la02855.html#whoEligible
They wanted to throw money at me awhile ago when I was considering doing this.
The first thing you need is a business plan. This outlines the concept, has a marketing plan and a 5 year financial forecast. The first thing a financier will want to see is your business plan in order to evaluate whether it is a viable business and a good investment. There are plenty of resources out there to guide you in creating your business plan. Good luck.
As Thunderballs said, a Business Plan is the minimum if anyone is to take you serious.
A new business that's abstract and not properly defined would be a more difficult one to sell.
My own preference is for an already established business with owner retiring that you can build on.
Or at least one where if you take over the location of a terminated or pre existing business, you can benefit from the clientele that existed for that business.
It can even be a Franchise too(which I don't often suggest) if it's the right price and conditions.
These require high amounts of initial capital though.
I also like businesses related to your skill set example skilled trade businesses.
Government and Business development assistance may be restricted to certain age groups and to specific types of business so research is very important.
A business you have the utmost confidence and commitment in can still work in Canada's large market.
A business you can start off small and then grow is even better.
Don't be discouraged, but do your due diligence and have a very strong plan.
Not only a business plan, but a fallback plan, don't put all your eggs in one basket plan etc.
If you have a job, hold on to it until the business is established.
A new business that's abstract and not properly defined would be a more difficult one to sell.
My own preference is for an already established business with owner retiring that you can build on.
Or at least one where if you take over the location of a terminated or pre existing business, you can benefit from the clientele that existed for that business.
It can even be a Franchise too(which I don't often suggest) if it's the right price and conditions.
These require high amounts of initial capital though.
I also like businesses related to your skill set example skilled trade businesses.
Government and Business development assistance may be restricted to certain age groups and to specific types of business so research is very important.
A business you have the utmost confidence and commitment in can still work in Canada's large market.
A business you can start off small and then grow is even better.
Don't be discouraged, but do your due diligence and have a very strong plan.
Not only a business plan, but a fallback plan, don't put all your eggs in one basket plan etc.
If you have a job, hold on to it until the business is established.
Thank you gentlemen. Good advice from all. I will start out small and develop from there. Finding clients before spending money is one piece of advice I will begin with tomorrow. And, I will investigate the possibilities of some support for job creation. Thanks once more, I may have to consult with you again.
