DOWNSIDES of Starting a BUSINESS in CANADA // Know This BEFORE You Start // Canadian Business Guide

What are the Things I NEED to Consider BEFORE I START a BUSINESS? What are the DOWNSIDES to Running a Business in Canada? What are the Risks with being an Entrepreneur? What are the Hidden Costs of Running a Business? Should I Quit my Job or Build my Business on the Side?

I will be breaking down the biggest DOWNSIDES to Starting a Business in Canada! There are huge benefits to starting a business in Canada, in terms of personal, financial and tax saving benefits. But there are a LOT of risks and costs as well that you NEED to consider before you start! I’ll break down all of the obvious downsides as well as some unexpected negatives that a lot of entrepreneurs don’t realize. I’ll also offer solutions on how to reduce these risks and I’ll encourage you to build your business on the side while you continue to work your regular job to mitigate these challenges.

WHY You SHOULD Start a Business: 🇨🇦
   • WHY You SHOULD START a BUSINESS in CANADA ...  

HOW to Start a Business: 🇨🇦
   • HOW to START a BUSINESS in CANADA // REGIS...  

CANADIAN TAX GUIDE: 🇨🇦
Watch my videos to learn the basics of Canadian Taxes and Tax-Sheltered Accounts like the TFSA, RRSP and RESP
   • Canadian TAX Guide  

QUICKBOOKS ONLINE - Manage Your Business 🇨🇦
Sign up with QuickBooks Online, the tool that I use to manage my business! I use it for bookkeeping, tracking revenue and expenses and to handle payroll 👇
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SKIP AHEAD ⏩
-Intro: 0:00
-Job Security: 1:36
-No Benefits: 3:36
-CPP Costs: 6:17
-Securing Loans: 9:27
-Legal Risks: 11:53

WATCH NEXT ▶️
-How Taxes Work in Canada -    • HOW TAXES WORK IN CANADA | REDUCE YOUR TAX...  
-TFSA Explained Investing Tax Free -    • TFSA Explained | Investing Tax Free | Cana...  
-RRSP Explained Part 1 -    • RRSP Explained Part 1 | Tax Deductions & C...  
-Canadian Tax Savings Tips -    • CANADIAN Year End TAX SAVING TIPS / How to...  
-4 Steps to Become Wealthy -    • 4 Steps to Become Wealthy | Long Term Stra...  
-How to Open Questrade Account -    • How to OPEN QUESTRADE Account | How to Sta...  
-How to Buy Stocks on Questrade -    • How to Buy Stocks? QUESTRADE Tutorial | On...  
-Best Canadian Dividend ETFs -    • BEST CANADIAN ETFs FOR DIVIDENDS | TFSA Pa...  
-WHY You Should Start a Business -    • WHY You SHOULD START a BUSINESS in CANADA ...  

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DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decisions!
I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me.

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#CanadianBusiness #EntrepreneurCanada #StartingBusiness #CanadianTaxes
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