Think you're too young to start a business? Think again!

June 19, 2017 - Tags: Startup Entrepreneurship

It's never a bad idea to think about starting your own business. You might think you're too young; however, if you're an independent, driven, and responsible person, entrepreneurship might be for you.

Starting your business could be a great way to make money on the side, or over the summer. There are more opportunities for you to consider than ever before. Your choices range from things like babysitting and mowing lawns, to the new opportunities, like selling crafts online. Entrepreneurship rewards a good imagination, but no matter what your idea may be, your first step in starting a business is writing a business plan.

A business plan is how you will explain what your business will do, how it will be different, how it will make money, and how you'll deal with the challenges of running a business. A business plan helps you as much as the people you might show it to. Think of it as a chance to determine the details of your business. How much money will you need? Will you need help? Answering questions like these before your start your business can help it later on.

A business plan can also get you the help you need. If you're under 18 you won't be able to sign binding contracts, or other legal documents. Your parents or guardian could sign on your behalf. They would be legally responsible so you'll have to talk with them. A business plan could help convince them. If you talk to an investor or a loan officer you'll need a business plan.

Depending on how successful your business becomes, you may have to pay taxes. A side or summer business run by students may not have many tax obligations but you should check with the Canada Revenue Agency to be sure.

Running a business can be a fun way to make your own money, and can be a chance to grow as a person. Your age shouldn't discourage you.

You may already have the life experience for a good business idea. You can find out more about choosing business ideas here.


Comments

Posted by Canada.ca on November 14, 2017
Hello Molly,

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

To help you plan for a successful start to your venture, check out our Retail business start-up checklist. It offers industry-specific information and resources, as well as guidance on general business-start-up steps like planning, organizing, registering, and hiring employees. For further reading on the topic, you may also benefit from our blog articles on the topic of start-up.

Specific to setting up your boutique, our information on Choosing and setting up a location can help you understand the various factors related to choosing a physical location.

To help you make a name for yourself, our Marketing basics section can help you develop a marketing plan, learn about online marketing, branding, and more.

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Thank you.
Posted by Molly on November 13, 2017
Hello,
I’m am looking into starting up an interior decor boutique. I am a certified interior designer and I would like to make a name for myself. Where do I start.
Posted by Canada.ca on September 27, 2017
Hello Savannah,

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

You can read up on the various aspects of starting a business and find checklists and resources to help you with these activities, including planning, naming your business, and registration. You may also be interested in online marketing options to help spread the word and tips for setting up a system for online sales.

For financing, you can start by exploring our Grants and financing page to learn about various types of financing such as crowdfunding and financing from private and non-government organizations. Note that being under the age of 18, you may need a parent or guardian to sign contracts.

You can use the program search tool to see if there are funding programs that meet your criteria. For example, you could refine your search by choosing the type of program “Grants, contributions and financial assistance” in your Province/Territory with the Purpose of financing set for “Buy or lease equipment or property”.

If you have questions about starting or growing your business in Canada, please contact us for assistance.

Thank you and good luck with your next steps.
Posted by savannah on September 26, 2017
I'm 17 and want to etch customized glassware. How do I get a loan for the machine necessary to start this. I currently make them by hand and give away as gifts but people want to order and I can see this becoming quite busy and require assistance of a machine
Posted by Canada.ca on July 10, 2017
Hello,

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

It is, indeed, never too late to start a business and you're right about the need to examine the pros and cons. Check out these resources on some reasons to consider entrepreneurship and determine whether entrepreneurship is for you.

You may also want to better understand the importance of having a business plan and preparing to deal with emergencies with a business continuity plan.

If you have questions about starting or growing your business in Canada, please contact us for assistance.
Posted by Evince on July 10, 2017
I must say it will never be late to start a business. To start a business you must be have vision, goals and guts to achieve those goals. So, just before to jump into that you need to think about most of the possible pros and Cons you might face in the path and always prepare for the conditions. [...]
Posted by Canada.ca on July 5, 2017
Hello Ron,

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

It is certainly never too soon to become digitally literate. A business website can indeed be a relatively low cost way of advertising your business, promoting your goods and services, and even conducting online sales. Read more on developing your website.

If you have questions about starting or growing your business in Canada, please contact us for assistance.

Thank you.
Posted by Ron on July 5, 2017
No one is too young to start a business. The first step is looking towards a website. Low cost and easy to start. [...]
Posted by Canada.ca on June 29, 2017
Bonjour Yao Yao Julien,

Nous vous remercions d’avoir communiqué avec Entreprises Canada.

Nous sommes toujours heureux de répondre à vos questions sur le démarrage d’une petite entreprise au Canada ou sur l’expansion d’une entreprise existante.

Vous trouverez une quantité importante de renseignements pour le démarrage sur ce site Web. Vous pouvez aussi trouvez des astuces intéressantes dans nos articles blogue sur le sujet du démarrage.

Pour prendre connaissance des avantages à investir au Canada et comment y établir une entreprise, veuillez consulter notre page Immigrer ou investir au Canada pour lancer une entreprise.

Pour obtenir des renseignements supplémentaires sur le démarrage ou l’expansion d’une entreprise au Canada, communiquez avec Entreprises Canada.

Merci et bonne chance avec vos démarches.
Posted by YAO YAO JULIEN on June 28, 2017
je suis ivoirien moi reve c est de creer une entreprise personnel a moi mais avoir votre conseil j ai encors une force merci
Posted by Canada.ca on June 26, 2017
Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

To learn more about starting a daycare business please consult our Child care start-up checklist.

Additional information on starting a business can also be found in our
Business start-up checklist.

Educational requirements for daycare workers may vary from province to province. We suggest that you contact us to further discuss your business ideas.
Posted by Shequeena on June 24, 2017
Hi,

I'm 22 years and considering on opening a daycare but where would I start? Do I need to go college to run a daycare.
Posted by Canada.ca on June 21, 2017
Hello Nicole.

Thank you for contacting Canada Business. We are a government organization that helps entrepreneurs start or grow their business in Canada.

You may want to check with your municipality to see if there are permits or licences required for your daughters’ activities. For example, some municipalities require that one obtain a permit for setting up a temporary stand. As your daughter is a minor, you may be responsible for completing any legal documents on her behalf.

If you have further questions about starting or growing your business in Canada, please contact us for assistance.

Thank you.
Posted by Nicole on June 21, 2017
My daughter wants to make and sell her soap and bath bombs it's a hobby of hers and she is trying to take her family on a trip. Does she require I license . She is only 7 years old.
Posted by Lucien on June 20, 2017
Thank you so much this article is useful.
Posted by Mountaga on June 20, 2017
Bonsoir je mappelle [...] et je suis mauritanienn moi aussi mon reve cest creer mon propre entreprise dapre vos conseils jai eu encore courage merci
Date modified: