How to start a new business as a newcomer in Canada / Step by step guide

Описание: Starting a new business as a newcomer do Canada can be super easy if you follow certain steps, but mainly if you kick off your entrepreneurial journey with a lot of passion.

There are several steps to take in order to start a new business in Canada, whether you are a newcomer or just someone who is passionate about a business idea and wants to start.

1/ Create a business plan
This is a footprint of your new business and should be as detailed and thorough as possible, because you will be using it as your guide book down the road.
Main parts included in the business plan:
Determine if you are starting product or service oriented business
Why is your product or service unique and more attractive to others?
Where and how are you going to sell it?
How are you going to market it? Online, flyers etc.
How are you going to generate customers and leads for your business?
What budget is needed to start? How are you going to finance your
business?
Do you need an office, warehouse, employees, trucks?

2/ Determine the form of business
Sole proprietorship
Partnership
Corporation

3/Register and/or incorporate your business

4/Check for all required permits and licences in your city/province

5/Open up a business account and get a business credit card

6/ Check available government support programs for your business/area

7/Explore business insurance options

8/Establish quality social presence in order to introduce your business and gain new customers and/or start generating leads.

Hope you enjoyed the video guys, let me know in the comments your experience when starting your own new business.

Also, please support the video by hitting the like button and consider subscribing to my channel if you found value in this video.

Take care!

Norbert

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