From employee to entrepreneur: Points to consider Iqaluit NU

If you're thinking of starting a new business, there are a lot of things you should consider. Here is a list of what and what not to consider.

Arlooktoo & Associates Consulting
(867) 979-3838
Iqaluit, NU
 
Sila Management Services Inc
(867) 979-4466
Iqaluit, NU
 
Canada-Nunavut Business Service Centre
(867) 975-7860
Iqaluit, NU
 

From employee to entrepreneur: Points to consider

Provided By:




By Stephanie Regan

(NC)-Many Canadians leave the workforce and start a business, whether to fulfill a dream of entrepreneurship, or because of an employment disruption such as lay-off or injury.

Entrepreneurship can be exciting and rewarding. It can also be challenging. It isn't for everyone.

Some points to consider when starting your own business

Many people start a small business in order to enjoy the perceived rewards of freedom and independence. The reality of small-business ownership can be quite different. Many small business owners will tell you they work more hours than when they worked for someone else.

A few questions to consider:

Do you like to make your own decisions?

Do you enjoy competition?

Do you have will power and self-discipline?

Do you plan ahead?

Do you get things done on time?

Can you take advice from others?

Are you adaptable to changing conditions?

Do you have the physical stamina to handle a business?

The Canada-Ontario Business Service Centre (COBSC) provides free government information for small business in Ontario. A full questionnaire on what to consider before starting your own business can be found on-line at www.canadabusiness.ca/ontario.

Specially trained business information officers are available to assist you in English or French when you call the COBSC toll-free (1-888-576-4444 or TTY: 1-800-457-8466) weekdays between 8:30 a.m. and 6 p.m. EST.

You'll also find online The Business Start-Up Info-Guide, to help you navigate the federal and provincial government programs, services and regulations that may apply to individuals starting a business in Ontario. As well, you can access informative and useful fact sheets, such as Legal Issues when Starting a Business, Naming a Business and Buying a Business, plus checklists and questions to help you think about what you need to know before you go into business.

- News Canada