If you were new in Canada and had just started your business with zero budget and decided to put all your eggs in one basket, what would you do to ensure the success of that business?

Answered by:

Leonard Tam

Leonard Tam CPA
5 Questions answered
Answered on November 9th, 2018

Hello

If your business is one that offers advice (eg designer, lawyer, etc) you can get away with minimum costs...however if your business involves products, you will need to put up cash to stock some inventory at least. In both cases, your start up costs will be registration, phone, internet, business cards. Creativity is key if you want to succeed.

What do you plan on doing?

1 Reply

Nov 9th, 2018

Hi Leonard thanks for sharing. i am in business, have done the zero budget to business more than once but in different locations. I am gathering thoughts and perspectives that are different from my own, wisdom and insight from people like you to share with immigrant, second and third generation immigrant entrepreneurs. Like you suggestes I got away on each occasion because I am in a service business, I serve entrepreneurs, organizations and their human talent.

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