IDEAS for Small Business in Canada
Okay, having provided a detailed analysis of the legal requirements, market feasibility and every other thing it takes to start a business in Canada and a series of industry-specific sample business plan templates; here is an in-depth analysis of the top 50 best small business ideas in Canada for 2016. So put on your entrepreneurial hat and let’s proceed.
There are a number of businesses one can start off in Canada and become a millionaire. Even though the country is one of the most stable for new businesses, this does not mean you shouldn’t carry out a thorough research before venturing into the business.
One favorable thing in Canada for new businesses is the low corporate tax available that will enable your business grow. If you intend to start your business from the scratch, you would have to be hard working and ensure that you do not cut corners, this means your business plan and other relevant documents have to be in place.
Here are some business ideas you might need to look into in Canada;
Starting this kind of business would mean that you are proficient in the field of mining so that you would be able to provide advice to clients who would be relying on your experience and recommendation. However, you would need to find out the requirements that you would need before starting this kind of business, and you would need to decide if you would be working exclusively to a mining company or if you would be catering to a couple of mining companies.
In starting a transportation business, you would need to decide on the type of transportation business you would want to go into, which includes taxi service, medical transport, courier service, Bus Company or trucking. You would need to carry out due diligence and determine what registration, license and permit you would need before starting the business.
- Freight Brokerage Business
This kind of business requires that you act as the middleman between shippers and motor carriers, with the aim of helping match shipper loads with available truck capacity. Before starting this business, you would need to find out what each provincial regulations towards the business is, as well as the basic requirement from the National Transportation Brokers Association (NTBA), and then the license you would be required to won.