What Advice Would You Give to a New Business Owner?

There are a few key pieces of advice that I would give to a new business owner. The first is to make sure that you have a clear vision for your business and know what you want to achieve.

The second is to always put your customers first and make sure that you are providing them with what they need. The last piece of advice is to be patient – it takes time to build a successful business.

What are the biggest challenges facing small businesses today?

The biggest challenges facing small businesses today include the high cost of doing business, the Competition Act, access to capital, and red tape. It can be difficult for small businesses to compete against larger businesses, especially when it comes to accessing capital or marketing their products and services. Small businesses also face a significant amount of red tape, which can be time-consuming and costly to navigate.

What can government do to help small businesses?

There are a few things that government can do to help small businesses. One is to reduce the regulatory burden on small businesses. Another is to make it easier for small businesses to access capital. Finally, government can provide assistance with marketing and exporting products and services.

What are the benefits of owning a small business?

The benefits of owning a small business include being your own boss, having control over your destiny, and making your own decisions. You also have the opportunity to make a difference in your community and contribute to the local economy. Owning a small business allows you to network and meet new people, and can lead to business opportunities that you didn’t originally anticipate.

Do you think the entrepreneurial environment is growing in Nova Scotia? If so, what do you attribute this to?

I think the entrepreneurial environment is growing in Nova Scotia. There are a number of things contributing to this. We have an excellent community college system with programs designed for entrepreneurs at all stages of development, such as Kickstart/BDC and Startup Zone. The province also has Ignite NS which encourages entrepreneurship across the province by providing funding and support. Lastly, we have organizations like Innovacorp who provide mentorship and invest in high-potential small businesses throughout the province. All of these initiatives combined create a strong support system for entrepreneurs in Nova Scotia.

Do you have any advice for someone who is thinking of starting their own business?

There are a few key pieces of advice that I would give to someone who is thinking of starting their own business. The first is to make sure that you have a clear vision for your business and know what you want to achieve. The second is to always put your customers first and make sure that you are providing them with what they need. The last piece of advice is to be patient – it takes time to build a successful business. 

If someone is interested in learning more about starting their own business, where would you suggest they go for information?

There are a number of resources available for people who are interested in starting their own business. These include the Department of Business, a local community college or university, and groups like Young Entrepreneurs Society. There are also a number of online resources available that explain how to start a business; for example, the Canada Revenue Agency provides information about what needs to be done when starting a new business.

What would you consider to be your greatest accomplishment?

My greatest personal accomplishment was completing my degree while working full-time at Irving Shipbuilding as Nova Scotia’s first female apprentice tradesperson. I am extremely proud of my accomplishments – I didn’t think it was possible for women to work in construction at that time, let alone complete an apprenticeship program and receive both Red Seal and Journeyman certifications before graduating from university. My greatest business accomplishment would be starting my own business, which has allowed me to work for myself and contribute to the local economy.

What are your future goals for your business?

My future goals for my business include expanding into new markets, such as the United States and Europe, and increasing sales. I also want to continue to grow my team and provide employment opportunities for people in the community. Lastly, I want to continue to contribute to the growth of the entrepreneurial environment in Nova Scotia.

Conclusion:

If you are thinking of starting your own small business, there are a number of resources available to you. The Department of Business offers a variety of information and services for entrepreneurs, including an online business plan builder.

There are also a number of community colleges and universities that offer programs in entrepreneurship, and groups like the Young Entrepreneurs Society provide support for entrepreneurs at all stages of development. 

The post What Advice Would You Give to a New Business Owner? appeared first on Space Coast Daily.

Read at the Space Coast Daily