Starting a business in Canada with just $10,000 is not only possible but also a smart way to enter the entrepreneurial world. If you can carefully plan, get a solid business idea, and focus on low startup costs, you can turn your $10,000 into a thriving venture. And it doesn’t really matter whether you’re passionate …

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Closing a small business in Canada is a significant decision that requires careful planning and execution to ensure compliance with legal, financial, and administrative obligations. Whether you’re retiring, shifting focus, or facing unforeseen challenges, shutting down a business involves more than just locking the doors. This comprehensive guide walks you through the essential steps to …

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Starting a new business venture can be both exciting and daunting. As someone who’s worked with dozens of Canadian entrepreneurs over the years, I’ve seen firsthand what works and what doesn’t in our unique economic landscape. If you’re looking for profitable small business ideas in Canada that have real potential in today’s market, you’ve come …

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Small businesses are the heartbeat of Canada’s economy, driving innovation, employment, and community growth. As we move through 2025, understanding the latest trends and statistics can help entrepreneurs navigate challenges and seize opportunities. Below, we’ve compiled the top 15 small business statistics in Canada, offering insights into their impact, challenges, and future outlook. The Backbone …

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Ever wonder why small businesses fail in Canada despite our supportive entrepreneurial ecosystem? I’ve spent years working with Canadian entrepreneurs, and the statistics can be sobering: approximately 20% of small businesses fail within their first year, and around 60% don’t make it past year five. As someone who’s helped dozens of business owners navigate these …

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I remember the day I put my first vending machine in a local gym. It was nothing fancy – just a basic snack machine with a few dozen items. But when I came back a week later and counted the money, something clicked. This could be big. Starting a vending machine business in Canada has …

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