Business start-ups require 4 steps typically. Beyond these technical steps we move into best practices. The four steps include registering your business, organizing a bank account for business activities, getting the proper insurance coverages (including WSIB if applicable ), and registering for a new HST account if required. We have provided those links below.
Before you start a business, creating a plan is a good idea. Not to mention, you are going to need one before you apply for grants or financing. The links below offer some ideas of the types of business plans we use. A proper business plan consists of two portions. A written portion describing all the details of your idea, justifications, and plan, and a financial forecast that works along side that plan.
When is comes to funding and financing, businesses that are two years or younger typically need to find financing outside of the chartered banks and look to business lending specialist, typically government supported organizations. The Small Business Centre can help you in your efforts to secure funding. The options below are common and often the best place to start looking.
Grants. Don’t forget to review our grants called “Starter Company Plus” and “Summer Company”.
Funding provided in part by the Government of Ontario