{"id":57798,"date":"2021-04-27T15:09:00","date_gmt":"2021-04-27T19:09:00","guid":{"rendered":""},"modified":"2024-03-05T14:23:33","modified_gmt":"2024-03-05T19:23:33","slug":"five-myths-de-bunked-about-starting-a-business","status":"publish","type":"rbc_my_money_matter","link":"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/five-myths-de-bunked-about-starting-a-business\/","title":{"rendered":"Five Myths De-Bunked About Starting a Business"},"content":{"rendered":"<div class=\"wp-block-rbc-single-article-header\">\n\t<section class=\"section-grey cover pad-t-hlf\">\n\t\t<div class=\"section-inner w-half w-mob-full centered-margin cover section-grey pad-tb-0\">\n\t\t\t\t\t\t\t<div class=\"inline-block pill-container pill-taxonomies\">\n\t\t\t\t\t<div class=\"mar-b-hlf mob-mar-b snipe pill is-style-blue-pill\">\n\t\t\t\t\t\t<a class=\"primary-taxonomy\" href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\">\n\t\t\t\t\t\t\t<span>Entrepreneur<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<h1 class=\"mar-b-hlf mar-t-0 mob-pad-lr-hlf h2 has-black-color\">Five Myths De-Bunked About Starting a Business<\/h1><p class=\"mar-b-0 mob-pad-lr-hlf author-text\">By Diane Amato<\/p>\t\t\t\t\t<div class=\"featured-image-wrapper pos-rel\">\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"930\" height=\"620\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-138-1-1.jpg?quality=80\" class=\" cover-image  wp-post-image\" alt=\"Business Owner working through ideas on her laptop\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-138-1-1.jpg 930w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-138-1-1.jpg?resize=300,200 300w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Thumbnail-default-138-1-1.jpg?resize=768,512 768w\" sizes=\"auto, (max-width: 930px) 100vw, 930px\" \/>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t<\/section>\n\t<div class=\"article mar-t-dbl\">\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner socials-section\">\n\t\t\t\t<div class=\"top-socials-bar mob-mar-b-hlf\">    <div class=\"social-links mob-mar-b-hlf mob-mar-t-hlf\">\n            <a class=\"social-button-wrapper sharing-custom sharing-email\" href=\"mailto:?subject=Five Myths De-Bunked About Starting a Business &#038;body=Hi, I thought you might be interested in this article from RBC My Money Matters: https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/five-myths-de-bunked-about-starting-a-business\/\">\n        <img decoding=\"async\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-email.svg\"\n          alt=\"envelope icon\">\n        <span>\n          Email        <\/span>\n      <\/a>\n      <div class=\"social-button-wrapper sharing-copy-wrapper\">\n        <button class=\"sharing-custom sharing-copy\" data-url=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/five-myths-de-bunked-about-starting-a-business\/\">\n          <img decoding=\"async\"\n            src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/plugins\/rbc-blocks\/assets\/img\/icons\/icon-related.svg\"\n            alt=\"copy icon\">\n          <span id=\"sharing-copyUrl-Label\">\n            Copy URL          <\/span>\n        <\/button>\n        <input type=\"text\" class=\"sharing-copy-text\" aria-labelledby=\"sharing-copyUrl-Label\">\n      <\/div>\n    <\/div>\n  <\/div>\n\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section>\n\t\t\t<div class=\"section-inner w-half w-mob-full centered-margin pad-tb-0 mob-mar-t-hlf mob-mar-b\">\n\t\t\t\t<p class=\"cover-pub-line text-xs mar-b-hlf\">Published April 27, 2021 \u2022 6 Min Read<\/p>\t\t\t<\/div>\n\t\t<\/section>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner w-half w-mob-full\" style=\"border-radius:0x\">\n<p>Despite the many challenges brought on by COVID-19, Canadian entrepreneurship, business innovation and optimism have remained strong. Canadians are challenging themselves, seizing opportunities, and starting their own businesses. In our #GetStarted series, we provide practical tips, debunk common myths and call on experts to help prospective entrepreneurs take the leap from idea to action.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<p>Do you have a great business idea? Are you on the cusp of striking out on your own and starting your own venture\u2026 but not sure you&#8217;re 100% ready? Here, we address five common myths that tend to hold back prospective business owners from getting started.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Myth #1. &#8220;I need a lot of money to start a business.&#8221;<\/h2>\n\n\n\n<p>Necessity breeds innovation and many very successful businesses have been launched with limited financial resources.<\/p>\n\n\n\n<p>For instance, <a href=\"https:\/\/muttluks.ca\/\" data-dig-id=\"LP-57798-1fbef0de\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Muttluks\" class=\"rbc-link-format\">Muttluks<\/a> founder Marianne Bernard said if she had $500 more in the bank, she would not have started her company. \u201cI wouldn&#8217;t have had to come up with a creative way to earn the cash needed to make my next mortgage payment,&#8221; she says.<\/p>\n\n\n\n<p>Need a bigger example?<\/p>\n\n\n\n<p>In 1976 Steve Jobs and Steve Wozniak started Apple with a combined $1,500, building computers in a borrowed garage.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth Busted: There are Ways to Find the Money<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>There are many ways to finance your new business. See how&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/starting-a-business.html\" data-dig-id=\"LP-57798-5e8cebe2\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"finding the money\" class=\"rbc-link-format\">finding the money<\/a>&nbsp;is within reach.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Government grants are designed to help businesses grow, fulfill current needs and solve real-world problems.&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/looking-at-government-grants-for-your-business-read-these-tips-before-you-apply\/\" data-dig-id=\"LP-57798-356860bd\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Learn how to find and apply for the right grants\" class=\"rbc-link-format\">Learn how to find and apply for the right grants<\/a>.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>RBC and Futurpreneur have collaborated to launch the&nbsp;Black Entrepreneur Startup Program, designed to create more inclusive and equitable financing opportunities for emerging, young Black entrepreneurs.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/coralus.sheeo.world\/\" data-dig-id=\"LP-57798-341e83f2\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"SheEO\" class=\"rbc-link-format\">SheEO<\/a>&nbsp;provides investment, mentoring and networking support for women who are creating businesses that take on the world\u2019s to-do list.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth #2: &#8220;I&#8217;m too old\/too young.&#8221;<\/h2>\n\n\n\n<p>Entrepreneurs come in all ages and life stages.<\/p>\n\n\n\n<p>Young business owners will tell you that starting a business is a great thing to do early in their careers, as there is a lot of runway ahead. \u201cYoung people are coming to understand more and more that if things don&#8217;t work out the first time, they have time to try something different,&#8221; explains Scott Bowman, Vice President of Ontario, Prairies and Northern Canada at <a href=\"https:\/\/www.futurpreneur.ca\/en\/\" data-dig-id=\"LP-57798-d1f4d393\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Futurpreneur Canada\" class=\"rbc-link-format\">Futurpreneur Canada<\/a>.<\/p>\n\n\n\n<p>Older entrepreneurs can draw on life experience to start, grow and scale their new business. And they&#8217;re doing just that. Nicknamed \u201cEncore Entrepreneurs,&#8221; Canadians nearing or in retirement draw on their rich experiences, often tackling a new business venture once their children move away from home.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth Busted: You can start a business at any age<\/h2>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Futurpreneur\u2019s&nbsp;<a href=\"https:\/\/www.futurpreneur.ca\/en\/microsites\/rock-my-business\" data-dig-id=\"LP-57798-1f08682d\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Rock My Business\" class=\"rbc-link-format\">Rock My Business<\/a>&nbsp;series is a 3-part workshop designed to take businesses run by young people to the next level.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Amid COVID-19, young people have been drawn to starting a business.&nbsp;<a href=\"https:\/\/discover.rbcroyalbank.com\/start-a-business-in-a-pandemic-young-people-ask-why-not\" data-dig-id=\"LP-57798-4b4025b2\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Learn what the motivating factors are\" class=\"rbc-link-format\">Learn what the motivating factors are<\/a>!<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>According to an&nbsp;<a href=\"https:\/\/www.rbc.com\/newsroom\/news\/article.html?article=125598\" data-dig-id=\"LP-57798-e4669f70\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"RBC Small Business poll\" class=\"rbc-link-format\">RBC Small Business poll<\/a>, nearly half of small business owners right now are Boomers.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth #3: &#8220;I&#8217;m not a risk-taker.&#8221;<\/h2>\n\n\n\n<p>Launching your business doesn&#8217;t have to feel like a huge leap.<\/p>\n\n\n\n<p>There are steps you can take along the way to decide if you have a marketable idea, a well-reasoned business plan and sufficient financial support.<\/p>\n\n\n\n<p>If you&#8217;re ambitious and believe in your idea, the greater risk may be missing out on an opportunity of a lifetime and always wondering &#8216;what if?&#8217;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth Busted: Resilience trumps risk<\/h2>\n\n\n\n<p>There are a number of attributes new business owners will want to lean into as their business gets off the ground. Being a dare devil isn&#8217;t one of them.<\/p>\n\n\n\n<p>Learn from a business coach the attributes prospective owners should have, and the questions you can ask yourself to <a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/business-stages\/start-a-business\/do-you-have-what-it-takes-to-start-a-business\/\" data-dig-id=\"LP-57798-c15b045e\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"find out if you have what it takes\" class=\"rbc-link-format\">find out if you have what it takes<\/a>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth #4: &#8220;I don&#8217;t have the kind of personality.&#8221;<\/h2>\n\n\n\n<p>Business owners aren&#8217;t all outgoing sales gurus with big personalities. Sure, some are born deal makers, but entrepreneurs are motivated by different things.<\/p>\n\n\n\n<p>Maybe you have a passion or a craft you want to share with the world. Or maybe you want to build a business that gives you more balance in your life.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth Busted: Businesses are built out of passion, genius and need \u2013 not charm<\/h2>\n\n\n\n<p>Read how \u2013 and why \u2013 these business owners started their companies.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Lily Tse founded&nbsp;<a href=\"https:\/\/discover.rbcroyalbank.com\/lily-tse-on-founding-think-dirty-and-uncovering-truths-in-the-beauty-industry-imadethis\/\" data-dig-id=\"LP-57798-268e68cf\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Think Dirty\" class=\"rbc-link-format\">Think Dirty<\/a>&nbsp;from a need to uncover truths in the beauty industry<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Catherine Metrycki founded&nbsp;<a href=\"https:\/\/discover.rbcroyalbank.com\/catherine-metrycki-on-disrupting-the-flower-industry-with-tech-based-callia-flowers-imadethis\/\" data-dig-id=\"LP-57798-7a311489\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Callia Flowers\" class=\"rbc-link-format\">Callia Flowers<\/a>&nbsp;after discovering a gap in the market<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p>Ron Spreeuwenberg started&nbsp;<a href=\"https:\/\/discover.rbcroyalbank.com\/himama-founder-ron-spreeuwenberg-on-winning-as-a-business-and-driving-positive-social-change-imadethis\/?promo_name=ENT_BFS_DNL&amp;promo_id=283797&amp;promo_position=body6&amp;promo_creative=Five%20Myths%20De-Bunked%20About%20Starting%20a%20Business\" data-dig-id=\"LP-57798-29b98d3f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"HiMama\" class=\"rbc-link-format\">HiMama<\/a>&nbsp;to solve parent-child communication challenges.<\/p>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth #5: &#8220;I need to quit my job before I start a business.&#8221;<\/h2>\n\n\n\n<p>The side gig has never been as popular as it is today, as many entrepreneurs have found ways to do their \u201cday job&#8221; and their side hustle at the same time. For instance, the online marketplace Etsy Canada says new shop openings increased by <a href=\"https:\/\/www.bnnbloomberg.ca\/canadians-cash-in-on-hobby-side-hustles-as-covid-19-crisis-cuts-jobs-1.1523558\" data-dig-id=\"LP-57798-a630b602\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"more than 250 per cent\" class=\"rbc-link-format\">more than 250 per cent<\/a> during the third quarter of 2020, compared to the same period last year.<\/p>\n\n\n\n<p>The great thing about the side gig is that it can be a shrewd way to test your venture&#8217;s long-term viability while you have a safety net in place. You can then transition to full-time entrepreneurship when you&#8217;re ready. The trick is to find a balanced schedule that leaves you enough time to devote to both, while still getting some sleep at night.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<h2 class=\"wp-block-heading\">Myth Busted: A side hustle lets you validate before you leap<\/h2>\n\n\n\n<p>Read how these business owners did it!<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/right-sized-business-advice\/small-business\/the-green-beaver-from-home-based-hobby-to-global-business\/\" data-dig-id=\"LP-57798-44c50ffd\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Green Beaver\" class=\"rbc-link-format\">Green Beaver<\/a>&nbsp;owners turned a hobby into a booming business<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/business\/get-inspired\/business-success-stories\/smallbusinessredefined-matt-and-brandi-bialek-on-how-blast-off-fireworks-is-taking-off\/\" data-dig-id=\"LP-57798-c7a98972\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Blast Off Fireworks\" class=\"rbc-link-format\">Blast Off Fireworks<\/a>&nbsp;started as a high school side hustle<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/discover.rbcroyalbank.com\/kathleen-quinlan-on-founding-fiore-botanica-from-her-kitchen-imadethis\" data-dig-id=\"LP-57798-a80101ea\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Fiore Botanics\" class=\"rbc-link-format\">Fiore Botanics<\/a>&nbsp;owner Kathleen Quinlan started mixing skin care products in her kitchen while working as a massage therapist<\/p>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide wide\" \/>\n\n\n\n<p>If any of these perceived barriers have been keeping you from entrepreneurship, consider how you can break through them to realize your dream of starting a business.<\/p>\n\n\n\n<section class=\"wp-block-rbc-section-block section-cool-white pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block inner-section-white section-inner  pad-b-hlf pad-t-hlf\" style=\"border-radius:0x\">\n<div class=\"wp-block-rbc-rbc-block-inner-block block-inner\">\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-0 pad-b-0\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner border pad-b-0 pad-t-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-columns mar-b-0 is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-r mob-mar-r-0 is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image size-large is-resized mar-b-0\"><img loading=\"lazy\" decoding=\"async\" height=\"1024\" width=\"791\" src=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35.jpg?w=791\" alt=\"Starting a business guide\" class=\"wp-image-68146\" style=\"object-fit:cover;width:249px;height:270px\" srcset=\"https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35.jpg 1978w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35-232x300.jpg 232w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35-791x1024.jpg 791w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35-768x994.jpg 768w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35-1187x1536.jpg 1187w, https:\/\/www.rbcroyalbank.com\/en-ca\/wp-content\/uploads\/sites\/12\/2023\/09\/Starting-a-Business-Guide-h-scaled-35-1582x2048.jpg 1582w\" sizes=\"auto, (max-width: 791px) 100vw, 791px\" \/><\/figure>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-6cf461d1-cea5-4c1f-bb76-deeaa560425f\" aria-hidden=\"true\"><\/div>\n\t<\/div>\n\n\n\n<div class=\"wp-block-column mar-r mob-mar-r-0 is-layout-flow wp-block-column-is-layout-flow\">\n<p class=\"mar-t-qtr\">RBC is here to help you move closer to business ownership with practical start-up steps.<\/p>\n\n\n\n<ul class=\"wp-block-rbc-list default is-style-blue-disc\">\n<li class=\"wp-block-rbc-list-item\">\n<p>Download the&nbsp;<a href=\"https:\/\/www.rbcroyalbank.com\/business\/pdf\/Starting%20a%20Business%20Guide.pdf?promo_name=ENT_BFS_DNL&amp;promo_id=283797&amp;promo_position=callout&amp;promo_creative=Five%20Myths%20De-Bunked%20About%20Starting%20a%20Business&amp;_gl=1*1luaiik*_ga*MTY5ODEzMjQ4Ny4xNjM3Nzc2MDMx*_ga_89NPCTDXQR*MTcwMTA5MjEzMC44My4xLjE3MDEwOTgyNDkuNjAuMC4w*_gcl_au*MjcxODcxNTgxLjE2OTcwNDQ5NjU.&amp;_ga=2.68154513.167407005.1701092130-1698132487.1637776031\" data-dig-id=\"LP-57798-95ebcde6\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Starting a Business Guide\" class=\"rbc-link-format\">Starting a Business Guide<\/a><\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/www.rbcroyalbank.com\/business\/advice\/starting-a-business.html\" data-dig-id=\"LP-57798-d3276162\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Contact\" class=\"rbc-link-format\">Contact<\/a>&nbsp;an RBC Business Advisor who can also work with you to understand your vision and business goals, help you identify key considerations for your business plan, and set up the right financial solutions to help you get where you want to be.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p><a href=\"https:\/\/www.futurpreneur.ca\/en\/\" data-dig-id=\"LP-57798-7864b438\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Futurpreneur\" class=\"rbc-link-format\">Futurpreneur<\/a>&nbsp;is committed to helping young entrepreneurs start and grow their business, with start-up financing and mentoring.<\/p>\n<\/li>\n\n\n\n<li class=\"wp-block-rbc-list-item\">\n<p class=\"pad-b-qtr\"><a href=\"https:\/\/www.ownr.co\/resources\/offer-details\" data-dig-id=\"LP-57798-b671a5b9\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Ownr\" class=\"rbc-link-format\">Ownr<\/a>&nbsp;can help make your business official, with quick and simple business registration and incorporation services.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/section>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-da9589c3-3e8b-4add-bb3a-090cbd6354d9\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-rbc-rbc-default-collapsible\"><p><button class=\"collapse-toggle collapsed\" data-target=\"#collapse834a1009\" data-toggle=\"collapse\" aria-expanded=\"false\" aria-controls=\"collapse834a1009\" data-dig-id=\"LP-57738-834a1009\" data-dig-category=\"LP\" data-dig-action=\"accordion closed\" action-closed=\"accordion closed\" action-opened=\"accordion open\" data-dig-label=\"Things our lawyers want you to know\"><span>Things our lawyers want you to know<\/span><span>Things our lawyers want you to know<\/span><\/button><\/p><div class=\"collapse-content collapse\" id=\"collapse834a1009\">\n<div class=\"wp-block-rbc-collapsible-inner-block collapse-inner\">\n<p>This article is intended as general information only and is not to be 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id-ec3516ea-bd32-4570-9602-bf378c6bf29a\" aria-hidden=\"true\"><\/div>\n\t\n\n\n\t\t\t<div class=\"wp-block-rbc-single-post-topics related-topics-links\">\n\t\t\t\t<p class=\"h5 mar-r-hlf\">Topics:<\/p>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/entrepreneur\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Entrepreneur<\/a>\n\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.rbcroyalbank.com\/en-ca\/my-money-matters\/topic\/grants\/\" class=\"btn topic mar-t-0 mar-r-qtr mar-b-hlf\">Grants<\/a>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel mob-pad-t-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\n<h2 class=\"wp-block-heading mar-b mob-mar-b-dbl mar-t-0\" id=\"h-read-this-next\">Read This Next<\/h2>\n\n\n\t\t\t<div class=\"related-posts-type-2\">\n\t\t\t\t<div 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dream.<\/p>\n","protected":false},"author":10,"featured_media":67796,"parent":57328,"menu_order":0,"template":"","meta":{"_acf_changed":false,"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"tags":[157,112],"rbc_content_type":[31],"rbc_audience":[110],"rbc_lob_group":[35],"rbc_difficulty_level":[33],"rbc_mmm_category":[305,323,381],"class_list":["post-57798","rbc_my_money_matter","type-rbc_my_money_matter","status-publish","has-post-thumbnail","hentry","tag-entrepreneur","tag-grants","rbc_content_type-article","rbc_audience-business-owners","rbc_lob_group-business","rbc_difficulty_level-beginner","rbc_mmm_category-business","rbc_mmm_category-business-stages","rbc_mmm_category-start-a-business"],"acf":{"contently_publication_id":"283797","custom_author":"Diane Amato","rbc_video_header":"","rbc_media_duration":"","rbc_toc_for_mmm_tag":"h2","rbc_toc_for_mmm_limit":6,"rbc_toc_for_mmm":null,"rbc_toc_for_mmm_action":""},"yoast_head":"<!-- This site is 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