If you’re thinking about starting your own business in Canada, there are a lot of factors to consider.
The most important part is selecting a business that you can build into a full-time enterprise.
A good place to start is by thinking about your skills and interests.
Think about things that you enjoy doing or that you’re good at and what kind of business could capitalize on those strengths.
Maybe you can offer your services as a consultant, coach or expert in a particular field.
Or maybe you have an interest in a specific topic, like wine or gardening, and think that you could approach it from a unique angle.
And then there are the obvious things, like your hobbies and family life, which are important to keep in mind when starting any business.
Once you’ve identified the type of business that appeals to you, start by making sure it’s something that doesn’t require an absolute minimum amount of capital investment to get started.
No one needs to spend thousands of dollars purchasing equipment or furniture before they even get started.
Ideally, if all goes well, your business will grow as it expands.
Upcoming Innovative Business Ideas in Canada
The world is changing rapidly, especially due to the emergence of the digital age.
Smartphones and tablets have revolutionized the way we do things, and they will continue to affect people’s lives in the future.
Many new Canadian business opportunities are making their way in the industry and are even changing the way people do things.
Here are the best upcoming innovative business ideas in Canada
1. Virtual Reality (VR) and Augmented Reality (AR) Technology
Virtual reality is all about simulating a real or an imaginary environment using various technologies to create an immersive experience for the users.
On the other hand, augmented reality refers to adding virtual elements and objects to the real world using computer-generated images.
2. 3D Printing
3D printers can now easily be installed at home or in offices without much hassle, which means that 3D printing is gaining popularity fast.
The future of 3D printing holds a lot of promise as this technology will not only bring down production costs and time but also enable manufacturers to produce parts that are impossible with traditional manufacturing techniques.
3. Chatbots
Chatbots are artificial intelligence systems that enable businesses to communicate with their users/customers interactively by simulating human conversation through messaging applications, websites, mobile apps, or the telephone.
These chatbots can help businesses save thousands of dollars each year by decreasing their need to hire additional support staff.
Plus, they also offer customers 24/7 assistance, which is something that traditional customer service agents cannot do due to working hours restrictions etc.
4. Creative Market Places
Canada has recently witnessed a new trend that is to bring several stores together in one place and sell the different types of products at a single location.
This business idea can be started at a low cost because it doesn’t involve an online website like other businesses.
All you need is a decent-sized space, where you can invite different vendors from all over the city to set up their stalls and sell whatever they have made, whether it be furniture, clothes or any other creative things.
There are many market places like this already open in Canada and they have been growing tremendously in the past few years.
The best thing about these kinds of places is that there is no limit to how much you can earn by doing this as there will always be new vendors joining your market place and you get a small commission on each vendor’s sales, which means the more vendors come in, the more money you make!
You could even take it another step further and turn your marketplace into an art gallery or something similar so that people who visit your store will not only find beautiful creations but also learn something new every time they go back home from there
5. Fitness and Health Trackers
If you’re not one of these people, then maybe you should consider selling fitness trackers! Fitness and health trackers are a great way for both companies to keep track of the health of their employees, and for individuals to keep track of their own health.
Fitness trackers can take things like your pulse, how many steps you’ve taken in a day, how many calories you’ve burned, and more.
There are also fitness bands for young children that help them get more exercise.
Kids can even use fitness bands to compete with other kids at school or online to see who gets the most exercise each day.
6. Social Media Marketing Agencies
If you are good at creating marketing strategies, then this innovative business is for you.
You can start your own social media marketing agency and offer social media marketing services to companies, organizations, and individuals.
It is one of the most profitable innovative businesses to start in Canada because:
Social media has become the primary source of news for most Canadians.
80% of Canadian internet users are on some form of social media.
The average Canadian spends 2 hours and 24 minutes on social networking sites per day.
This means that if you can create a robust social media profile for your clients and make them go viral or have a huge following, there will be HUGE returns for you and your clients!
To start this business, you must understand how each platform works so that you can help your clients choose which suits their needs.
For example, Twitter is mainly used as a news platform while Instagram has more users interested in lifestyle content.
7. Artificial Intelligence
When you think of technology today, you might think of artificial intelligence (AI).
AI is a branch of technology that emphasizes the creation of intelligent machines that work and react like humans.
It also has to do with machine learning, which is the science of getting a computer to act without programming.
AI enables computers to learn from experience, identify patterns and insights from data, anticipate events and adjust accordingly.
Though it’s still in its infancy stage, AI plays an important part in our daily lives and will play a vital role in the future.
8. Mobile Wallets and Payments
If you’re one of the many who is excited by the idea of mobile wallets, that’s a great sign.
Mobile payments are definitely here to stay, and they can turn into lucrative business opportunities for anyone who chooses to take advantage.
Mobile payments are all about convenience—convenient for consumers and convenient for merchants alike.
These digital alternatives offer a way to pay without cash or cards–and often without any physical contact at all.
Mobile wallets are not only secure, but they’re also good for the environment too! Since there’s no need for plastic cards or paper receipts, going digital is an eco-friendly choice that keeps trash out of landfills and protects our oceans from plastic waste.
9. Online Training and Consultations
Online training and consultations are among the most popular businesses in Canada.
These days, people are always looking for an easy way to train themselves to master new skills and talents, and they are increasingly turning to the Internet for cost-effective ways to do so.
Whether they want to become experts in a variety of health and wellness fields, learn how to play musical instruments or speak new languages, or simply expand their yoga knowledge from the comfort of their homes, there is a huge demand for online training courses.
As you build your business, remember that simplicity is key when it comes to posting content on your website.
Videos should be short with easily digestible information (no longer than 30 minutes), and text should be laid out in a reader-friendly format (i.e., using bullet points). Remember: people have limited attention spans!
10. Start a Cloud Computing Services
In this post, I will discuss one of the interesting innovative business ideas that I would like to start. It is a cloud computing services business.
What is cloud computing? Cloud computing is an IT paradigm where information technologies are provided as on-demand services over the Internet.
Instead of purchasing and installing locally software and hardware, services can be purchased or rented in a pay-as-you-go manner from either a public or a private cloud service provider.
A cloud service user has access to multiple different types of services: Software as a Service (SaaS), Platform as a Service (PaaS) and Infrastructure as a Service (IaaS).
A SaaS consumer has access to applications running in the cloud without having to install them locally, such as office applications and Google Mail.
A PaaS consumer can develop his own applications using tools made available by the service provider in the cloud without having to set those tools up locally.
An IaaS consumer has access to virtualized computing resources such as processing power and storage, which he can use for any purpose that fits within the limits of his contract with the service provider, without having to purchase dedicated infrastructure for himself.
11. Become an Immigration Consultant
Being an immigration consultant is a very good business in Canada.
A large number of people want to immigrate to Canada every year and the immigration process becomes complicated for all these people.
You, as an immigration consultant, will help all those who want to move to Canada through the process, prepare and submit their applications.
You can become an immigration consultant if you have a bachelor’s degree and some years of experience working in a related field such as law or employment services.
Keep in mind that it is not easy becoming an immigration consultant.
You will need to get licensed by your province or territory before you can work on your own as a licensed consultant.
This means that you will have a legal obligation to provide professional and ethical services for your clients.
But if you are successful at getting certified by your province or territory, you could be looking at making over $100,000 annually!
12. Start a Marijuana Regulatory Management Firm
The marijuana industry is in its infancy, and if you want to capitalize on the opportunity for big profits, now is the time.
The business models that will emerge from this new industry are as yet unknown, and a regulatory management firm can help reduce risks for companies looking to get involved in this exciting new market.
- Important points to consider before starting a cannabis business:
- How much does it cost to start a cannabis business?
- What is the process to open a cannabis dispensary?
- What are the legal requirements for opening a cannabis dispensary?
- What are the potential benefits of starting a cannabis business?
- What are the potential risks of starting a cannabis business?
13. Open an Electric Car Charging Station
With over 20,000 electric cars in Canada and only 2,000 charging stations, there is a huge demand for new charging stations across the country.
A good location to open a car charging station would be near shopping malls or gas stations because they have a lot of parking spots.
The best electric cars on the market right now are the Nissan Leaf, Chevy Volt, Tesla Model S and BMW i3. They are all relatively cheap to charge up compared to a gasoline vehicle.
At about $1.50/hour it will take about four hours to fully charge an EV battery with a 240V charger at 30 kWh per hour of charging power.
14. Become a Renewable Energy Consultant
The energy sector may be one of the most interesting industries to consider for innovative business ideas.
It is the largest industry in the world and will continue to grow as emerging markets develop.
It is also a very broad category that includes electricity generation, oil and gas production, refining and marketing of fuels, coal mining, chemicals manufacturing and more.
Currently, Canada spends $80 billion on energy every year. This means there’s a lot of money to be made in this country.
One of the most important areas in energy right now is renewable energy; this area is expected to grow to $1 trillion by 2020! If you want to enter this market as an entrepreneur, it’s best if you have some background or training here first.
As an alternative option, you can become a renewable energy consultant – offering advice on how companies can move towards using more sustainable practices in their operations.
There are many great opportunities for business growth when you think about renewable energy sources like wind power or solar power technologies as well as other green technologies that will come along with them (like smart grids or big data).
Related: 15 Profitable Drone Business Ideas
Handyman Business Ideas in Canada
If you’re a handy person, many business ideas would be perfect for your skillset.
These days, it seems like everyone is too busy to fix things in their homes. From leaky pipes to broken windows and everything in between, you can start a home repair business that helps people with these everyday problems.
You can start a handyman business with just a few tools and an excellent work ethic. You might need to learn how to do some simple repairs if you don’t have experience, but as long as you are willing to put in the time and effort to build your skills, you can become a handyman business owner.
To help get you started on your path to owning your own handyman business, here are seven great business ideas for anyone who loves working with tools!
1. Air Conditioner Repair Service
The market for air conditioner repair is extremely promising. Consumers who own one or more units will likely have them checked and repaired before the summer season, or right in the middle of it.
You can offer your services to residential and commercial clients alike. In addition to earning money from repairs, you can also sell air conditioning units and parts and accessories.
It’s advisable that you take some courses on proper servicing, troubleshooting, and repair of air conditioners.
You should spend some time learning about various types of these devices, including central AC systems, window-mounted units, portable ACs, ductless mini splits, etc.
There are different things to consider when repairing each type so you really need to know your stuff when servicing a client’s unit.
If you want this business venture to truly be profitable fast then consider hiring a technician who specializes in air conditioning repair; then again the overhead costs could eat up most of your earnings if not managed well.
2. Appliance Repair business
While you can go after niche markets such as repairing specific types of appliances or only working on certain brands, you’ll find the greatest success if you offer a full range of services.
This means that when a customer calls, they know that no matter their problem, whether it is a leaking fridge or washing machine with an electrical issue, they’ll be able to get your help. It also makes word of mouth marketing much easier.
Once you’ve established what appliances and services you want to work on and market, it’s time to develop your business plan. You need to consider how many customers are in your area, how much competition there is, and whether or not your business will be mobile or fixed-location (or both).
Even if you’re just starting as a handyman focusing on repairing standard appliances like refrigerators and washing machines in residential homes, if there isn’t enough demand for this type of work in your area then it won’t make sense for you to invest in equipment and time.
3. Dry-cleaning pick-up and delivery service
You can start a dry-cleaning pick-up and delivery service business. You will offer laundry and dry cleaning services to businesses and customers.
You can charge differently for different types of clothes like shirts, trousers, suits, etc.
Also, you can charge for the service of ironing clothes.
The delivery can be done either by you or your staff members with their vehicle to the customer’s address on a regular basis like biweekly or once a month depending on the plan purchased by them otherwise people would have to drop off their clothes at some designated place like your house etc.
But remember it is good to do this business in big cities only where traffic is more since people are busier in their daily lives as compared to small towns these days as you will earn much more from there than from small towns.
4. Home maintenance service
Home maintenance is a critical aspect of maintaining a property. It’s also a great way to make money as a handyman.
And the best part? You don’t need much expertise in this industry to start taking on jobs.
In fact, you can even focus your business on just home maintenance, since it covers so much ground. Your services can include:
General maintenance: Fixing loose door handles and drawer handles, tightening screws, hanging pictures and mirrors, fixing leaky faucets and toilets, oiling squeaky hinges, adjusting cabinet doors and drawers
Bathroom maintenance: Leakage repair (toilets or showers), general repairs for tiles broken or missing grout
Kitchen maintenance: Installation of kitchen fixtures such as faucets or sinks
5. House cleaning business
If you have ever had the desire to be your own boss, a house cleaning business might just be the right opportunity for you.
The flexible hours and ability to work independently are great perks but the best part is that once you build up your client base, it’s steady income.
If you want to get off to a good start, it’s important that you do some research first.
In addition to doing market research and ensuring you price yourself competitively, there are certain legal requirements that must be met in order for your new business endeavour to be legitimate.
It’s also important for you to consider what type of services you want to offer and how much time it will take for you to complete each job.
It’s not uncommon for homeowners or businesses to seek additional services once they see how well their property looks after their initial cleaning so make sure to include any add-ons that are available when giving an estimate.
6. CCTV Camera Sales & Installation
Your next handyman business idea is CCTV Camera Sales & Installation.
In this business, you will sell and install digital CCTV cameras, analogue CCTV cameras, IP CCTV cameras, DVR, NVR and Recording Devices.
You can also provide maintenance services for this business.
If a person or a company has already installed the video surveillance system on their premises and now they want to upgrade those systems then you can help them by upgrading the system.
As it is an IT-based industry so you need to be technically sound in order to succeed in this field or else you will not be able to succeed in this field.
7. House Painting
A good quality primer is essential to ensure the longevity and integrity of your paint job.
You should always use a high-quality primer before you paint your walls and allow it to dry completely before going on with any other steps.
High-quality tools are also essential. You can’t expect to get a professional-looking finish if you’re using crummy tools that don’t work properly.
When buying tools, spend some extra money and get ones that are easy to use, reliable and will last a long time.
High-quality brushes are equally important as they reduce the number of brush strokes involved in each project.
Fewer brush strokes mean less clean up after each job, which leads to more efficiency overall.
By investing just $10 extra for each canister of paint you buy, you’ll have much better results from start to finish!
Automotive Business Ideas in Canada
Canada has a large number of automotive businesses, but there’s not much to go on besides name and address.
Finding out what kind of business is in your area can help you decide where to start.
In the early years, most new businesses were started by someone working out of his or her home — garage sales, car lots, and so on.
These days, there are more options than ever before.
Here are some ideas that may help you get started in the automobile industry:
1. Start a Car Tracking System Business
Vehicle tracking systems are now widely used to track the location of the car in which it is installed and they can also be used for other things.
There are many types of vehicle tracking systems but the most popular system is the GPS-based one.
There is a lot of scope for such businesses if you know how to go about it and make money from it.
Nowadays, many companies provide vehicles with GPS-based car tracking systems.
If you are planning to start a car tracking business then you need to have some technical knowledge first.
You can get this knowledge by taking up an online course on vehicle tracking technology and by reading books on this subject.
You can also enrol yourself in a training program offered by any company that offers these services.
Once you have gained enough knowledge about the subject, you can start your own car tracking system installation and maintenance business in Canada.
To get started, you need to find a good location where there is no competition.
The best place would be at a mall or near an airport as they will give you access to more customers than any other place in the city.
2. Start a Car Wash Business
If you’re looking for the perfect start-up business, the best way to go is by starting your own car wash business.
Why? Because it’s a necessity that will never go away. You see, no matter what happens, people will always need their cars washed.
Sure, you can do it yourself as a hobby; but when you have a business, you can make money while doing it.
And if you do it right, you’ll be earning big bucks in no time at all.
One of the reasons why this kind of business is popular among many entrepreneurs is because it’s simple and easy to set up.
It’s also one of the few businesses that can generate profits right away.
You just need to know how to do it correctly and wisely.
3. Open an Auto Parts Store
Operating an auto parts store can be a lucrative business – especially if you plan on targeting customers who want to save money by doing their own repairs.
You’ll need to decide whether to sell new or used parts or both; this decision will affect what types of wholesalers you can work with, as well as your ability to offer warranties on parts.
If you’re interested in selling used parts, consider whether you’ll have the capacity to dismantle vehicles and salvage the parts yourself, or whether you’ll source them from other businesses and individuals.
If you don’t have much experience working with cars and aren’t afraid of getting your hands dirty, opening an auto parts store could be the right move for you.
4. Start an Auto Insurance Firm
One of the automotive businesses you can start in Canada is to open your own auto insurance firm.
There are so many car owners in Canada and there are also many car insurance companies in the country.
However, you can still start your own auto insurance firm because there is room for more players in the industry.
You can start small and then work your way to the top of the ladder by ensuring that you get corporate clients who will help you increase your bottom line.
You need to obtain a license before you can officially operate your new auto insurance company.
You should also ensure that you have a good structure in place as well as a well-written business plan.
5. Start a Car Rental Business
Starting your own car rental business can be a good way to make money.
It can also be very difficult and time-consuming to get your business up and running, especially if you have little or no experience in the industry.
But if you do your research and put in the necessary work, a car rental company can be a profitable venture.
Consider whether there is a need for another car rental company in your area.
If several competitors are vying for customers, you may not attract enough business to make it worthwhile.
If you’re in an area with few competitors or no competition at all, however, you may be able to gain a solid customer base quickly and grow your business much faster than if you were competing with other companies.
Related: 15 Most Profitable Automotive Business Ideas
Beauty Business Ideas In Canada
Canada has a robust economy that is diverse and highly developed, which means there are numerous opportunities for entrepreneurs to create successful startups that cater to local and international markets.
The country’s cultural diversity and stable political environment also make it an ideal place for new businesses to establish themselves.
Here is an outline of some top beauty business ideas in Canada:
1. Open a Medical Spa
Medical spas are part of a growing trend in the beauty industry.
They are establishments that combine spa treatments with medical treatments, such as Botox injections, laser hair removal and fillers.
You can open a medical spa in Canada by incorporating your business as a corporation.
You will need to obtain the proper licenses from the province where you want to operate your business.
You should first choose the province for your medical spa.
The next step is to incorporate your business as a corporation unless you want to operate it as a sole proprietorship or partnership.
You will need to register your business with the province and obtain a federal tax identification number from Revenue Canada.
It is also important that you obtain operating licenses from your local government before opening your business.
2. Become a Massage Therapist
Massage Therapy is one of the fastest-growing healthcare fields in Canada.
There are many opportunities for employment and self-employment in this field.
If you’re interested in pursuing a career in massage therapy, read on for some helpful information about the field, including career options and education requirements.
According to the Massage Therapist Association of Manitoba, approximately 70% of massage therapists are employed by another person or company, while 30% are self-employed.
Those who are employed earn an average salary between $35,000 and $50,000 per year.
Self-employed massage therapists can earn between $70 and $100 per hour.
3. Open an Esthetician School
If you love all things skincare, why not spread your knowledge to others?
You could open your own esthetician school and teach other individuals how to properly treat their skin and help others treat their skin with the help of treatments such as microdermabrasion and chemical peels.
An esthetician school is a good business idea for those who have expertise in this field.
You can use your expertise to train people on how to become estheticians and get paid for it.
This means that the more people you train, the more money you will make.
And since other schools will not be able to match your skills and experience, you will not have any competition when it comes to training estheticians.
4. Open a skin care centre
This is another good idea if you have been working as an esthetician for long enough.
You can open your own skincare centre and offer different services like skin care treatments, makeup services, waxing and other things related to skincare.
You can also sell different products that people need for their skincare routine.
This type of business requires a lot of investment but it has great growth potential.
5. Open a Beauty Supply Store
A beauty supply store is a great business to start because this type of store usually does well in any location.
Hair and skincare products are always in demand, and they are items that people need to purchase frequently.
You can start your own beauty supply store and sell a wide variety of products, or you can specialize in one specific category, such as hair or makeup.
Sell directly to the public or wholesale to salons and spas.
Related: The 16 Profitable Lash Business Ideas
Home Based Business Ideas in Canada
There are a lot of home-based businesses in Canada.
There are also a lot of great home-based business ideas that people can consider.
Whether you are looking to start a home-based business in Ontario or anywhere else in Canada, these ideas may help you get the ball rolling.
1. Start a Blog
A blog can be an ideal side business for a home-based entrepreneur, who enjoys writing and is passionate about a particular topic.
Blogging for profit is becoming more and more prevalent among stay-at-home mums and dads, who are looking to find ways to make money while still being available to their families.
If you enjoy reading other people’s blogs on a wide range of topics, especially if they’re in your niche or interest area, then why not turn your passion into a profitable business?
There are many ways in which you can make money from blogging, such as affiliate marketing where you feature links to products or services that you recommend.
By writing a post every day, even if it’s only 10 minutes long, you can build up a following of loyal readers who will be interested in everything that you have to offer.
This will also help increase your search engine rankings, as search engines favour websites that are updated regularly with new content.
2. Become a Freelancer
Freelancing is a great option for home-based business owners.
As long as you have the right skills, you can work for multiple clients in a variety of fields, making it a lucrative option for those with a wide range of talents.
You can work as a freelance writer, editor, graphic designer, photographer, web developer or designer and more depending on your particular skill set.
Wondering if you’ve got what it takes to start working from home? Check out our article on how to become a freelancer, then follow these steps to get started:
Get certified in your area of expertise
Build a website or portfolio site
Create an online presence through social media channels like Twitter and LinkedIn
Make sure people know about your new job by including it in your email signature, writing about it on your blog or discussing it with friends and family.
3. Start a Podcast
One of the best ways to grow your online presence and build an audience is to start a podcast.
It’s a great way to gain a larger following while keeping your brand consistent.
The possibilities are endless here. You could interview experts, read articles, review products or even just share stories about your life or the lives of those close to you.
Podcasts are also a great way to generate revenue. While advertising on podcasts is far from mainstream, there are still plenty of companies willing to pay for high-quality audio content.
Some services let you automatically syndicate your podcast to other platforms like iTunes and SoundCloud.
4. Start a YouTube Channel
Starting a YouTube channel is a great way to work from home and make money online.
As well as providing you with an opportunity to make some extra cash, it also gives you the freedom to pursue your passion or hobby.
Maybe you want to share your knowledge of a particular subject, or perhaps your family would enjoy watching videos of you being creative.
Whatever it is that interests you, there are plenty of opportunities to turn it into a revenue stream on YouTube.
Before starting a YouTube channel, it’s important to understand what type of content can be monetized on YouTube and how the platform pays creators.
5. Become an Online Tutor
Becoming an online tutor can be a great way to make money from home.
You can schedule your hours and take on as many or as few students as you’d like.
Online tutors typically work with students over the Internet, using tools like Skype to communicate.
The job requires a computer and strong Internet connection, along with the ability to interact with students and help them solve problems.
Tutors may also need to work nights and weekends, depending on their student’s schedules.
In Canada, online tutoring jobs are in high demand.
You can find plenty of postings for tutors on popular job sites like Indeed.com and Elance.com. The pay varies depending on the subject but is usually between $15 and $30 per hour.
6. Open a Home Daycare Centre
There are several advantages to running a home daycare business.
You can stay home with your children and earn an income at the same time.
You can work part-time, which allows you to spend more time with your children and your family.
And you don’t have to pay for office space or furniture or equipment.
On the other hand, there are also many drawbacks to starting a home daycare business.
To start with, you’ll need to set aside a lot of money for insurance, as well as for supplies and equipment.
You’ll also have to give up a lot of time so that you can help with child care during school hours.
And you’ll need a steady supply of children, which is often difficult at first.
You might be able to lower some expenses by looking into government grants and subsidies.
It may be possible to get some help from the provincial government or from charitable foundations, especially if you’re willing to make donations of your home’s spare rooms and storage areas for use as classrooms and playrooms.