Skip to content Skip to sidebar Skip to footer

What business should I start with 100k, in Canada?

What business should I start with 100k, in Canada?

The fact you have to ask means you're not looking at business with a magnifying glass. You don't just throw $100k and you're off. That's a sure way to lose that $100k in short time.

You need to invest in you inc. That's you as the business. Educate yourself in business. You need to figure out a strategy and come up with a plan. You need to look at niche, marketing, target markets, product, services, budgets, costs, platform, shipping, payment gateways, accounts receivables, accounting, taxes, scaling, competitors, trends, fads, saturation, dependent or independent, incorporating, B2C or B2B, returns, exchanges, policies, warranties, guarantees, import, export, duties, and way, way more.

Invest that money in something safe, in the meantime educate yourself. Buy books about business, not those get rich quick ones, I mean the raw and dirty ones that make no promises of success.

You'll find, perhaps, that you won't need all that $100k capital. If that's the case, fantastic! You have a cushion to get you through the rough startup.

Plan it. It doesn't need to be fancy and 200 pages. Just jot it down to see for yourself if an idea is viable and if it's something you want to do.

Consider crowdfunding campaigns if you have a particular idea that you think will go viral. You might get enough backers to launch you sky high. Or, you'll learn that your idea wasn't a hit. If that's the case, you maybe lost time, costs of fabrication, cost of a professional video. But you'll still have a good deal of the startup capital to venture into something else.

Good luck!

key research
how to invest $100 dollars in canada
how to invest $5,000 dollars in canada
invest $100 make $1,000 a day
starting a business in canada for foreigners
how to do stock trading in canada
how to start investing in canada
how to invest $100
how to grow money in canada