Articles And Tools
Starting a business is exciting—but also demanding. The Connections Guide: An Immigrant’s Guide to Starting a Business in Nova Scotia – This online guide contains a self-assessment section that will evaluate your experience, knowledge and skills to determine if you are ready for entrepreneurship in Canada.
These credentials may include licenses, training certificates, business permits, and tax forms depending on which state you wish to operate, the level of care you intend to provide, and whether you plan on running a formal business or just hiring yourself out as an independent worker as a side business idea.
Once you have validated that your product has a need and people are willing to pay for it, it’s time to start building your MVP, or Minimal Viable Product (this is the very base level product or system you can create to bring your product to early adopters).
Make the most of every hour you have available to you – When Chris Orrell was starting up his company offering cheap hotel rooms to employees of large firms, he would go down to the car park every lunch hour to make calls to potential clients on his mobile phone.
If you will be seeking outside financing, a business plan is a necessity But, even if you are going to finance the venture yourself, a business plan will help you figure out how much money you will need to get started, what it will take to make your business profitable, what needs to get done when, and where you are headed.