• Open a business bank account to keep personal and business finances separate.
   

• Track expenses from day one — it makes taxes and bookkeeping much easier.
   

For guidance on launching your business, check out How to Launch a Business in Canada.

1. Grants:

• Government programs at federal and provincial levels.
   

• Often targeted to specific industries or demographics.
   

2. Loans:

• Startup loans from banks or government-backed programs.
   

• Compare interest rates, repayment terms, and eligibility.
   

3. Investors & Venture Capital:

• Angel investors or venture capital can provide larger funding but may require giving up equity.
   

4. Crowdfunding:

• Platforms like Kickstarter or GoFundMe allow you to raise money directly from your audience.

• Estimate startup costs: equipment, marketing, permits, and initial inventory.
   

• Plan for operating expenses until your business generates revenue.
   

• Build a realistic cash flow projection to avoid running out of money.
   

Need help staying organized? Check our Launch a Business Checklist.

• Start small and scale as you go.
   

• Don’t rely on a single funding source — diversify.
   

• Keep detailed records to make future funding easier.
   

Marketing and visibility can also help attract investors. Learn more in Marketing Tips for Launching a Business.