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