You've got a great idea, so where can you find someone willing to invest in it?
Every business has start-up costs. Pulling your financing together is often the first step for a new business. A lack of experience or business skills is easy to spot, so take time to educate yourself. Some sources of financing include:
- banks, credit unions, caisses populaires, and trust companies;
- specialty providers like commercial lenders, and equipment leasing; and
- federal, provincial, or territorial agencies and ministries.
Keeping records is key to proving your track record. If you have not been declaring all of your income, it can really come back to haunt you.
There are costs associated with being a responsible, honest business person, but the cost of not doing so is much higher.