Starting a business
Are you launching a start-up? Looking to move out of your garage and into your own factory? Find out everything you need to start or grow your business.
"Thinking always ahead, thinking always of trying to do more, brings a state of mind in which nothing is impossible."
- Henry Ford, American automotive industry pioneer
5 tips to build your business
Draw up a plan and a business model
Want to find out if your vision would work in reality? Once you've drawn up a business plan, you can use our tool to help organize your ideas. The My Business Model canvas provides a simple, visual representation of the nine elements of an ironclad business model.
Determine the legal structure of your business
When you launch a new business, you'll need to figure out which legal structure is best for you. Do you want to start a general partnership, a corporation, a cooperative or an NPO? An accountant, lawyer or tax specialist can help you with certain decisions. For instance, is it a good idea for you to incorporate your business?
Learn about your financing options
You will probably need financing to cover your start-up costs, such as buying equipment and hiring employees. You can apply for a grant from the Canada Business Network, use a crowdfunding platform such as Ulule, or apply for one of National Bank's business financing solutions.
More than 250 start-up support and training programs are available to guide you through every stage of your project. You can also meet with an advisor, who will help you find banking solutions tailored to your situation.
Separate your personal and business banking
Our Internet Banking Solutions for Businesses make it easier to manage your finances. You can pay your employees by direct deposit, pay suppliers, make GST, HST and PST payments, access eStatements, view cheque images, and much more.