As a serial entrepreneur my passion continues to lay in the creation, nurturing and growth of new ideas, concepts and overall businesses.
To be an actual entrepreneur there are a number of traits I strongly believe one must possess and amongst those is the ability to finance and support your idea. This can range from loans, to grants to investments or stream from one’s own capital.
A study released by the Globe and Mail last year showed that Canada ranked number two behind the United States for entrepreneurship amongst the Group of Seven Countries. The issue however, was the sustainability of these new businesses.
The factor, similar to that which restricts many entrepreneurs from launching their new innovations or ideas, is not having the start-up funds in place to get moving.
Here at Wish Group I strive to continue to try and alleviate this barrier to entry and have been able to do so with a number of the companies that we have under the umbrella like the Mike Agency and The Streaming Network. Both co-founders had a great plan and concept in place and my belief in that was enough for me to invest personally in both.
Now, if you’re unable to find a holding company or silent investor to help take your dream to reality, there are tons of resources available. Taking the time to source these and go through the application process may seem tedious but will be a minor piece of the puzzle once you step back and look at the whole picture.
Grants and Loans for Young Entrepreneurs
A recent article by Canada One Magazine did a great job of outlining a range of opportunities for the young entrepreneur. Typically these are for business owners between 18 and 35 and can give any start up the jump start they need to take their idea to the next level.
Government Assistance
Perhaps you’re in your mid to late 30s or 40s and are finally ready to take a chance on an idea you’ve had for years. You’re over the typical nine to five, you’re ready to be your own boss and you have the time on your hands as far as familial responsibilities goes. Again the only thing stopping you is the financial nest egg you wished you had. The Canadian Government may be able to help. Based on various factors, you can get creative in finding ways to help find the right assistance for your particular business plan and perhaps get started with a little more ease than you thought.
Find the Right People
Another great way to help find the right investment for your new business is to get involved with support systems which are truly endless.
They can help to either provide you with valuable information and resources, put you in touch with other likeminded entrepreneurs for potential business opportunities or actually help to find the right investor for your business idea. Again, depending on your unique business plan, requirements, location and industry the right fit is just a few key strokes away.