Skip Header Navigation

Sign-in

  
» Business Solutions
Resource Center
  Business Tips
  Starting a Business
  Getting Ready
  Assemble Your Support Team
  Create the Plan
  Working With RBC
  Managing Your Money
  Growing Your Business
  Resources
  Growing your Business
  Expanding a Business
  Business Succession
  Publications
  Women Entrepreneurs
  Industry Expertise
» Business Accounts
» Borrowing & Credit
» Cash Management
» Investments
» Merchant Services
» Payroll Services
» Online Banking
» Branch & ATM Locator
» Commercial Financial Services
» Contact Us
» Search
Starting a Business

Getting Ready

 

Assessing the Opportunity

If you have an exciting business idea, some of your big challenges may be as you expect, but you will likely be in for some surprises, too.

What worries you about starting your own business?

You may be surprised to discover that some problems are not as big as you imagine. For instance, start up business owners perceived the following challenges were bigger then what existing business owners reportedly experienced.

% of startup business owners who thought this would be a challenge % of existing business owners who found it was a challenge
Getting enough money to start your business 58% 27%
Tax laws 31% 17%
Passing your business along to your family 27% 5%
Dealing with banks 28% 19%
Sourcing materials or products 25% 15%
Dealing with bureaucracy and regulations 35% 26%

You learn as you go, and ask for help from experts on your team when you need it.

Are you ready to meet the challenges?

While business is full of challenges, experienced Canadian entrepreneurs said while these challenges are issues, they are not insurmountable:

% of startup business owners who thought this would be a challenge % of existing business owners who found it was a challenge
Finding clients and developing your market 54% 56%
Working long hours 31% 34%
Keeping a steady workload 35% 37%
Keeping up with the competition 18% 19%
Finding qualified employees 20% 16%
Dealing with bureaucracy and regulations 35% 26%

Donít let challenges deter you from starting a business. Understand how you can minimize your risks and call on advisors to discuss possible solutions.

Banking That's Right for You


Our small business advisors are experienced in helping businesses at every stage of development. Come in and talk with us.

Call now Call now -
1 800 769-2520
Visit your Local Branch Visit your
Local Branch
Apply Online for Loans & Credit Apply Online

Jump To
Assessing the Opportunity
Qualities That Will Help You Succeed
Start-up Check List

Take Action
  Call 1-800-769-2520
  Visit Your Local Branch
  Send Us an Email
  Apply Online

Tools
  Account Selector
  Loan Calculator

 
05/01/2012 15:14:34