What does it mean to be an entrepreneur?
Do you dream of starting your own business? Are you wondering what skills you need to make your business a success? What does starting a business entail?
Do you already have a project in mind? Are you looking for a specific industry to invest in? Browse the North American Industry Classification System (NAICS) for inspiration.
There are about twenty industries ranging from agriculture, forestry, fishing and hunting to professional, scientific and technical services and retail trade. To help you deepen your understanding, each industry is broken down into different services.
Legal business structures
In Quebec, businesses can operate under several different legal structures. The Registraire aux entreprises du Québec (REQ) is a wealth of information and can help you decide which legal structure is best for your business. Whether you’re a sole proprietorship (self-employed or independent) or a corporation, there are various resources like the CAEHM that can help you determine the best option for you.
Resources and programs
If you’re still confused about some of this information, resources like the CAEHM can help guide you on your entrepreneurial journey. Moreover, you can sign up for training courses, financial assistance programs like Support for Self-Employment (STA) and business planning workshops for a nominal fee; don’t hesitate to use them! Surrounding yourself with the right people will ensure your project is a success.
Several factors come into play when starting your own business. You may ask yourself questions like, is this the right time? Is my personal, family or financial situation stable? Do I have the right knowledge and skills?
Research shows that many entrepreneurs have similar characteristics. For example, many entrepreneurs have a strong desire to succeed, take on new challenges, exert influence, build a thriving business and become the master of their own destiny.
Entrepreneurs must also have other qualities to help them start and succeed in their business, including self-confidence, perseverance, creativity and determination, as well as the ability to deal with the unknown and make quick decisions.