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Starting a new business as a newcomer do Canada can be super easy if you follow certain steps, but mainly if you kick off your entrepreneurial journey with a lot of passion. There are several steps to take in order to start a new business in Canada, whether you are a newcomer or just someone who is passionate about a business idea and wants to start. 1/ Create a business plan This is a footprint of your new business and should be as detailed and thorough as possible, because you will be using it as your guide book down the road. Main parts included in the business plan: Determine if you are starting product or service oriented business Why is your product or service unique and more attractive to others? Where and how are you going to sell it? How are you going to market it? Online, flyers etc. How are you going to generate customers and leads for your business? What budget is needed to start? How are you going to finance your business? Do you need an office, warehouse, employees, trucks? 2/ Determine the form of business Sole proprietorship Partnership Corporation 3/Register and/or incorporate your business 4/Check for all required permits and licences in your city/province 5/Open up a business account and get a business credit card 6/ Check available government support programs for your business/area 7/Explore business insurance options 8/Establish quality social presence in order to introduce your business and gain new customers and/or start generating leads. Hope you enjoyed the video guys, let me know in the comments your experience when starting your own new business. Also, please support the video by hitting the like button and consider subscribing to my channel if you found value in this video. Take care! Norbert Use the link below and get 15% off when registering and setting up your new business with Ownr (soleproprietorship or corporation) and $300 cash back with RBC business account https://partners.ownr.co/0hc1h1rffs6p. Use the link below and get 10% Cash back with Simply Cash Preferred Card from American express💰💵 http://amex.ca/share/nORBEnxIwx?XLINK... Check out my videos: Best bank accounts for new immigrants to Canada • BEST BANK ACCOUNTS FOR NEW IMMIGRANTS TO C... Best credit cards for new immigrants to Canada • 5 Best credit cards for new immigrants to ... DISCLAIMER: Information contained in this video cannot and does not contain personal finance advice. The personal finance information is provided for general information, educational and entertainment purposes only and is not substitute for professional advice. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of personal finance advice. The use or reliance of any information contained on this channel is solely at your own risk. The information provided on this channel is always provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of any information on the channel. Under no circumstances shall we have any liability to you for any loss or damage of any kind incurred as a result of the use of the video or reliance on any information provided on the channel.