From Startup to Scale-up: Canadian
How to plan and
start up a new business in Canada
Starting a new business in Canada, and eventually turning it into a scale-up requires an
organized and well-researched plan. In order to turn your startup company into a
scale-up Canadian edition, there are boxes to check off your objective. Continue reading to gain
more insight and valuable information about starting a business within Canada, and how
to turn it into a successful franchise efficiently and swiftly.
|To start up and scale-up a new business in Canada will require you to prepare a well
and organized business plan, as well as a good knowledge of Canadian business regulations.
Startup to Scale-up Canadian Edition
One of the first things new entrepreneurs should do is conduct extensive research on the
requirements of starting a business in Canada. Ensuring that you educate yourself before acting on
your idea will help you in the long run. Your research and new business preparation should include the
- create a proper business plan
- come up with a unique name for your new business
- visit your government website to learn about any and all permits and licenses you might need
- review registration and financing of your business
- assemble a good team to work with, with individuals you can rely on
- build a strong social media presence, and focus on marketing and advertising
- always be ready for the next step, even if it means taking a risk
Although the list above explains how to start your
business, it is the platform onto which you will build on towards a scale-up. When you are building a
house, it is crucial to have a strong and solid base. Otherwise, if the base is done poorly, anything
built on top of that is unreliable. The same analogy is applied towards the idea of turning your startup into a
scale-up Canadian edition. Your actual start to your startup must be well structured and
systematic in order to build an unbreakable base for your success.
|Your reserach into starting a business in Canada should be done thoroughly, to avoid
and be well prepared for potential risks, as any new business is inherently a risky
Canadian Startup Business
In order to have a strong shot at turning your startup into a scale-up Canadian edition, you need to rely
on our checklist. Starting a new business is a big step. Therefore,
make sure you put in the necessary time and effort into the planning of it as much as you do in the starting of it.
Creating a systematic plan designed for your business idea is key to eventually turn your startup
into a scale-up.
Your plan should consist of market research and assessment of business readiness, amongst
other elements. Your results from market research will give you useful insight into your business. They will not
only provide additional information about potential consumers but will also concentrate on their
needs and preferences. A big aspect of any business is its audience, therefore you need to ensure you know
exactly who you will target and that it’s almost half the success.
Once you understand who your consumers are and what they want, is your business ready for launch? If your answer
is yes, ask yourself this: Where do I see my business five years from now? Where do I see it ten years
from now? Once you can answer these questions, you can reassure yourself that your vision has a solid purpose. In
addition, your business readiness includes being aware of your strengths, weaknesses, opportunities and possible
|Good teamwork is an essential ingredient for any business success, where joint
and creativity of the team is much more than it's total sum of individual members.
Turn Your Startup to a Scale-up
You've done your market research, assessed the readiness of your business, and you covered all the
paperwork around permits and licenses. The formal elements of your new businesses have been dealt with, which will
allow you to focus on the more creative elements of your startup. Success is more possible with a good
and productive team behind you. Hiring the right people and creating a crew that works well together is
another essential aspect. With just the right team, you are that much stronger, allowing you to build a
solid business ready for growth.
It's the 21st century, and our world revolves around technology. Social media platforms are
'the' way to advertise and market your
business. Having a strong presence on platforms such as Instagram, Twitter or
Facebook, makes your business visible to many more people. With an online presence, you
can reach consumers on a global level. Being able to reach a much wider audience besides your own
community will help your startup reach the levels of a scale-up business.
Scale-up Canadian Edition: What's Next?
As we have mentioned, ensure that you are knowledgeable about Canadian regulations when it comes to starting a new business. Be aware of
the registrations, licenses, and permits that the government requires of any
entrepreneurial venture. Meanwhile, put together a strong team of individuals. With the right team, any
goal is that much more achievable. A good team with an even better leader will provide support for the new
business to bloom. Once the base is perfected and the team is set, social media is the way to go. Social media
will allow you to create and share content globally while networking at the same time. By
building relationships city to city, state to state, you can reach thousands of consumers at once.
|As part of your planning and preparation for starting a new business in Canada,
that will take into account multiple outcomes, as planning is one thing, while real life is
Always think ahead
Moreover, our advice is to start small but think big! If your checklist is like ours, eventually the
success of your business will be inevitable. Your startup business can suddenly become a scale-up on a whole
different level. A team of ten individuals can soon become a team of a hundred. Another tip to take away from this
is to always think ahead and be ready for whatever comes your way. Take risks but be ready for many
outcomes. You never know when you will have to plan your office relocation expenses!
When your business expands enough and you must move from a small startup business space into a scale-up company
building, hiring a moving company, such as number1movers.ca is something every scale-up business owner would recommend. You need to
focus on keeping your business active and running and leave the moving logistics to professionals. Knowing when
and how to delegate is a big part of being successful at what you do.
All in all, going from startup to a scale-up is hard work, but not impossible. Having a timely schedule with a
well-organized business plan is the way to go. Challenge yourself, manage your risks, be patient and create
valuable products or services that will have your consumers returning again and again.