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Jan 25, 2024 · Follow these steps to start a new small business in B.C. Step-by-step guides are also available to help you: Start a restaurant; Start a franchise; Step 1: Develop your business idea. Use tools and research to find out if your business idea will work. Evaluate your business idea (Small Business BC) Market research resources guide (Small ...
- Make Sure Running a Small Business is Right for You.
- Decide on a Business Structure.
- Develop a Business Plan.
- Secure Your Financing.
Small Business BC provides entrepreneurs with the information and guidance necessary to build a solid foundation for their business. Supported by the B.C. Provincial Government and Western Economic Diversification, Small Business BC offers a wide range of free and affordable business services, education and resources. No matter what
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You don’t need to be a Canadian citizen to start a business in the province of British Columbia. You don’t even need to reside in BC so long as you are able to provide a physical address for your BC business. That said, there are a few additional factors for newcomers to consider. Immigration Pathways
- Make Sure Running a Small Business is Right for You. Our guide to starting a business begins with this vital question: is running a business right for you?
- Understand the Different Business Structures. Most small businesses in British Columbia operate under one of the following structures: Sole Proprietorship (the owner/operator or self-employed)
- Develop a Business Plan. A business plan is a successful start-up’s most important foundational building block. Not only will it help you secure start-up financing, but it’ll also serve as an invaluable roadmap for launching and growing your business.
- Secure Financing. Getting your business off the ground can be a capital-intensive process. You need enough funding to cover your start-up costs and daily operating expenses for at least three months, if not more.
CHECKLIST FOR STARTING YOUR BUSINESS IN BRITISH COLUMBIA Page 1 of 2 Small Business BC | Tel: 604-775-5525 | 1-800-667-2272 | Email: askus@smallbusinessbc.ca | Website: smallbusinessbc.ca Updated 03/21 WHERE DO I START? 1. EVALUATE YOUR IDEA Is your idea feasible? Can you make money from this venture?
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Making the decision to start a business is a significant step, and one of the first choices you'll need to make is regarding the structure of your business. You might consider operating as a sole proprietorship, partnership, or corporation, each with its own set of advantages and implications.
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related to: is citi a good company to start a new business in bcWhether You’re Starting a New Business or Running an Established One, We’re Here to Help. Resources for All Business Owners. Let's Work Together to Shape Your Future.
