5 steps to starting a business in Canada

Read Original Version (CLB5+) You are reading the Simple Version (CLB3-4)

Skip to:

Interested in starting a business? Follow these steps:

  1. Start with an idea

    What product or service are you offering? Think about your talents, skills or interests. Look for information about similar businesses. Observe, search the internet, or look for organizations that offer help and support.

    Free training for entrepreneurs in Manitoba:

  2. The Business Owners’ Idea Café is a US-based website. Get ideas about small business opportunities from this site.

  3. Research

    Learn all that you can about the business, your potential customers and the area where you will have your business:

  4. Make a business plan

    A business plan explains what your business idea is, how it will work, how much it will cost to run, and why will it work.

    Why do you need it?

    • You need it if you want to persuade a supporter to fund your business.
    • It is your guide to running your business. It contains your strategies and projections.

    Help for making a business plan:

  5. Legalize it

    Decide on your legal ownership structure. It can be a sole proprietorship, partnership or a corporation. Do you have a business name? Apply for your business license and tax registration. Watch this video to know the steps to start a legal business:

  6. Fund it

    Funding and support in Canada:

    Watch this video to know more about grants and financing (Canada Business Network):

  7. Article updated July 9, 2019.

Back to top

Community Resources

Read Are you a business-minded young person? Learn business 101 at the Y to learn about the YMCA-YWCA of Winnipeg’s programs.

Connect with the Women’s Enterprise Centre of Manitoba. It is a resource for women looking to start or expand their business.

Find information on small businesses and being self-employed at: Canada Revenue Agency site.

Check the Licenses and permits page for business licensing and registration requirements in Manitoba.

The Canada Business Network has a series of videos for newcomer entrepreneurs:

Find the Permits and Licenses you need

Get help with Intellectual property and Market Research

And a webinar that explains how the Canada Small Business Financing Program works and how it can help you:

Back to top

We'd love to hear from you!

Please login to tell us what you think.

Related Learning Activities

WorkCom_Before you begin

A woman giving a presentation at work

Thinking about your knowledge and skills is an independent learning strategy. When you think about what you can do and what… Read more »

WorkCom_Week 4

A woman giving a presentation at work

This is our last week of Workplace Communications. This time you are in the driver’s seat. We look forward to your presentation… Read more »

WorkCom_Week 3

A woman giving a presentation at work

We have now reached week 3 of Workplace Communications! This week, we are engaging in a number of activities that allow… Read more »

WorkCom_Week 2

A woman giving a presentation at work

In week 2,  we continue practising working with others by doing a peer review. A peer review helps you develop… Read more »

Back to top

CC BY-NC-SAText of this page is licensed under CC BY-NC-SA, unless otherwise marked. Please attribute to English Online Inc. and link back to this page where possible. For images and videos, check the source for licensing information.