Want to Start Your Own Business with Antiques in Canada - Here’s How
Most of us dream of having our own business and saying goodbye to nasty bosses. Well, now there is an option for you to do just that with the information on how to do it.
by Lola Babe Tuesday, December 21, 2010
When you think of starting out a venture which will deal with antiques, it could be a little more complicated than what you thought it would be. Apart from the starting costs and getting yourself familiar with the Canadian laws for business, you also need to be an expert in the respective field. Here are a few pointers we have for you today, to familiarize yourself with the antique business in Canada.
To begin with, you should have a clear understanding on what kind of antiques you would want to showcase and sell, is it just a business you want to do online or do you also want to have storefronts across the country? Also decide the kind of antique genre you want to deal with. This would tell you what specifics you should know and the basic rules to follow to make sure that you have the expertise in handling the market for such priceless objects.
The next step would be to understand the business models in Canada, which means do you want to have a sole proprietorship, a corporation, a cooperative or would it be a partnership? The kind of business model you choose will affect the working standards, either alone or with a group of like minded individuals. Take a look at each model, since they all come with their own sets of pros and cons.
Once that is done, to start your business with antiques you need to get your venture registered. A business name needs to be created and registered, either federally or provincially. Some provinces will allow this step to be done on the internet, while others will not. If you do it online, then you will need to buy a domain name for a website creation, so get that done as well. Choose a website name which is easy for customers to remember and not something which is tough to pronounce.
As with all businesses across the country it goes without saying that you would surely need a business number for communication. This could be obtained from the Canada revenue agency, do this if you are planning to go the federal way and hire staff or plan on making more than $30,000 annually. On top of this don’t forget to get a license for your business; this is very important for a storefront venture.
Finally, have a group of business advisors, an accountant, an insurance broker and a lawyer. Don’t forget to look for the right location to start your antiques venture in Canada. In addition to that send out invites for a semi formal gathering to showcase what you have, this will help in building contacts and making professional connections as well.
Thinking of where to go buy antiques for your loved ones in Canada ? Click on the links to learn more.
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