(NC) Starting a business can be a wonderful and rewarding experience. If you’re an Indigenous person in Ontario, Canada Business Ontario can provide you with basic information and a list of organizations that offer services and programs designed for Indigenous people looking to start a business.
Indigenous small business is thriving, growing at a rate six times faster than its non-Indigenous counterparts. On average, Indigenous entrepreneurs are also 10 years younger.
Trying to decide what kind of business to start? Consider your experience and background. Already have a business idea? Ensure that there’s a need for your product or service, and that you are prepared to handle customer demand. A strong business plan that describes your objectives and strategies can help you set goals, secure funding, and clarify operational requirements.
Understanding the requirements for starting a business can make the difference between success and failure. Be aware of your responsibilities as a business owner, including:
• Employment standards,
It all begins with a vision, planning and the right information.
Take advantage of online resources for Ontario businesses by visiting www.canadabusiness.ca or call Canada Business Ontario at 1-888-576-4444 to speak with a business information officer.
Canada Business Ontario is a program within the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). For further information on federal economic development programs and services for southern Ontario visit FedDevOntario.gc.ca, contact them via email at info@FedDevOntario.gc.ca, or call toll free 1-866-593-5505.
Attention editors: This article is for distribution in Ontario only.