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Opportunities for Young Entrepreneurs

June 29, 2010 - Tags: Startup, Managing, Training

Istock 000002364450largeAre you a young Canadian with a business idea? Take advantage of opportunities for entrepreneurs like yourself to start or expand your business!

Whether you're developing a business plan, seeking guidance and mentorship or ready to start a marketing campaign, there are programs to support you every step of the way, including:

  • mentorship and coaching programs
  • budgeting and accounting seminars
  • marketing workshops
  • business plan writing seminars

Financing may be available to help you overcome the financial challenges that can affect young business people. Government programs can help you access the grants and loans you need to start or expand your business.

For more information on being your own boss, check out the Canadian Youth Business Foundation's website. You can also get useful information on our Networking, Coaching and Business Counselling Services page (link no longer available). A list of financing programs can be found on our Financing for Youth page (link no longer available).

Comments

Can high school student start a business? How old do you have to be?

By Jennifer on June 30, 2010

Respected Sir/Madam,

This is Ganesh, an Indian Student in Canada pursuing a Post graduate program in Project Management at Sheridan School of Advanced Learning. I hold a total of 5 years of IT industry experience from India. I am willing to start my own Business in Toronto, CA.
How can the organization help me?

warm regards,
Ganesh

By Ganesh on July 1, 2010

Hi Jennifer,

Although there is no set age for starting a business, there may be certain age requirements for legal documents, incorporation, renting property or taking out insurance. Any business you start that would need legal contracts or business registration would require you to be 18 years old.

Good luck on your future business opportunities!

By Canada Business on July 15, 2010

Hello Ganesh,

Thank you for your comment. Here is some information to get you started.

Non-Canadians who want to start a new business in Canada are regulated under the Investment Canada Act. Canada Business can help you understand these regulations and learn about:

By Canada Business on July 15, 2010

Hello,
I am a young man 26 yrs, whose planning on opening a restaurant in Toronto. I have experience working in restaurant, but lack the experience of starting an own business, especially a restaurant. I know there are lot of aspects to deal with such as legal, licensing, loans, lease etc. So I was hoping whether there’s any resources or government assistance that i can get as a mentoring or consulting. I have developed a restaurant concept, scouted few potential places, and have cash to invest for it. Any suggestions or help is deeply appreciated.
Thanks

By Adam on July 20, 2010

Hello,

I have been thinking of starting a business in Canada. Where can I have a list of some business ideas that I could succeed with.

Thank you

Wendy

By Wendy on July 25, 2010

Hi I have a brilliant idea of starting a business in whole Canada with very low budget and slowly it can be made a bigger business. Kindly guide me can how can i get visa or license or anything which allows me to come to Canada and start business over there and to create employment opportunities for Canadians as well.

Regards

Salman

By Salman on July 25, 2010

Hello!

I am in the process of establishing my on-line business, I’m starting to gather necessary information needed to start the business, I have few questions:

1. if its an on-line business do I need to register it even if its just small?

2. do you offer any training for entrepreneur like me who’s just starting the business?

3. who will be the right authority to talk to when it comes to online business?

thanks and regards,

Teresa

By Teresa on July 26, 2010

Thank you, I will see through your advice.

By Adam on August 7, 2010

Hi Wendy,

Although, we do not have a specific list of business ideas that may be successful, we do have information on developing your ideas for your new business venture. This information will help you evaluate your idea and determine what your chances of making a profit from that idea are. You may also wish to access our Step by Step Guide to Starting a Business that will help guide you to the information you need to get started on the right foot.

By Canada Business on August 19, 2010

Hi Teresa,

In response to your questions:

1. We suggest taking a look at the information available on Registering Your Business. Under the section on business structures is information on what type of business structure may be right for your line of business. You may also be interested in the information on our E-business section that provides information about using the internet for your business.

By Canada Business on August 19, 2010

Hi Salman,

If you are interested in moving to Canada to start a business, you may be eligible to immigrate under the Business Immigration Program. This program will provide you with the criteria you need to start a business in Canada as an investor

By Canada Business on August 20, 2010

Good day I’m enquiring on grants and loans for my company for building custom homes and new subdivions here in canada,My company is based out of Cold Lake ,Alberta and I plan to build across canada,thank you Larry Ouellette, LynRich Homes Inc.

By Canada Business on August 24, 2010

Hello my name is Leo and I was just wondering what kind of businesses this program supports? Say if I wanted to start my own film and production company would I be eligible?

By Leo on September 1, 2010

Hi i am looking to open a teeth whitening business in my local mall. In british Columbia, I will have 10 000 dollars to put into it by December and we are planning on opening February First, but I was hoping to find out if there are any grants or any other way I am able to get assistance for living or unexpected costs etc. Any suggestions? Unfortunately I have been discharged for 2 years now from a previous time in my life.

By kevin on September 8, 2010

Hello Leo,

To learn more about your financing options as a young entrepreneur, contact The Canadian Youth Business Foundation to find out about their loan programs and support services.

Best of luck with your business!

By Canada Business on September 14, 2010

Hi Kevin,

You can search for applicable funding programs under Government Grants.

By Canada Business on September 15, 2010

I have started import business which comprises of purchase of used workshop machinery generators small used equipments and even large machines from developed countries and supply to middle income countries like India and African countries through UAE market countries, as the same is in great demand as such machinery is still useful.

By Mohammad on November 19, 2010

Hi!

I am interested in doing something related to finances and youth under the age of 20. I have an idea of perhaps becoming a financial advisor or maybe even starting up a business where there is a niche market for it, but I would love to hear some input as to if this is a practical idea.

Thanks,

By Rachael on December 13, 2010

Hi Rachael,

To find out what the existing and future demand is for such a service, you’ll need to conduct some research. You may want to determine if someone else is offering the same service and what their level of success is. You’ll want to get a good idea of the demand for the service and how much people are willing to pay. Depending on the nature of your business, you may want to determine the best location for your storefront or office. These are just some of the details you’ll want to find out. Our section on Conducting market research will help you get started.

By Canada Business on December 14, 2010

I just wanted to let all those who enquire know that the summer company program is a great way to start a business, although right now I believe its only in Ontario.  Two years ago I started my business and received funding through the WESBC and now sit as a mentor to other startups.

By Ryan on March 8, 2011

Hi.

My question is I want to buy a branded gas station business in GTA or surrounding areas.

Would you please route me to the source which can guide me to get any financial support available for buying a business like a gas station.

Best Rgds,

By Mohsin on July 15, 2011

Hi Mohsin

Our Government Grants, Loans and Financing search is an excellent place to start. Here you can filter results by industry, location, demographic group and/or the reason you are looking for financing. The Grants and Finances section also links to some community-based and private sector financing resources.

If you are planning to buy a gas station that is a part of a franchise, you can also contact the Canadian Franchise Association to learn more about your financing options.

You can also learn more about financing for your business by visiting Getting a business start-up loan from your bank or credit union.

Contact Canada Business Ontario or call 1-888-745-8888 (TTY 1-800-457-8466) to learn more about starting a business in Ontario.

By Canada Business on July 21, 2011

HI

My name is deva and i am an international student have part time work permit willing to start a small business in Vancouver B.C.

Will you tell me weather could start my own small business if yes please tell me way to start.

By Deva on July 31, 2011

Hello Deva,

To learn more about your options as a young entrepreneur, contact The Canadian Youth Business Foundation to find out about financing programs, mentorship opportunities, and other support services.

Best of luck with your business!

By Canada Business on August 5, 2011

Hello, you have very useful information on here. I want to open my own import export business selling coffee from another country and selling it here. How can I start? What permits do I need? Can the Gov. help me? Where do I have to go? Who would I have to talk to, these are some of the questions I am concerned about. If you can please help me out it would be very appreciated.

Thank you,
Andres

By Andres on October 17, 2011

Hello Andres,

You may want to get underway by looking at our section on Starting a business for tips on developing a business plan and getting started. There is also a lot of useful information relevant to your plans under the topic of Importing, especially about finding suppliers. The Importing and the Permits and licences sections may also be of interest to you.

If you need any more help, do not hesitate to call us at 1-888-576-4444 or
TTY: 1-800-457-8466 (hearing impaired), or contact one of our regional business service centres.

Best of luck in getting your coffee import/export business off the ground.

By Canada Business on October 18, 2011

I want to be able to start a health/medical magazine company where myself and a couple of other people would write articles on different aspects of health and medical information around Canada and worldwide (if possible).  I would like to know if its possible and if possible, what are the ways around to getting it started.  Thank you

By Moeen on November 17, 2011

Hello Moeen,

For help or guidance on starting your health/medical magazine, you can consult Magazines Canada’s article on How to Start a Magazine. You could also contact your local Magazine Publishers Association.

By Canada Business on November 18, 2011

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