Start a Business
You can envision your brand, your happy customers and the dream of running your own business, but:
· Need to learn the legal and tax implications of operating a business
· Need to know which permits you may need
· Need to research and understand your market and its trends
· Need to learn about cash flow and how to manage it
Starting a new business can be overwhelming, especially for first-timers. The Kingston Economic Development team is here to help guide you every step of the way with business programs, bootcamps, workshops and incentives to help you start your business.
Thinking about starting a business? Being a successful entrepreneur requires a lot of planning, innovation and risk-taking. It involves hard work and dedication but if you’re up to the challenge, there are many potential benefits!
Still not sure if entrepreneurship is right for you? Visit a local Employment Service agency and request a detailed Career Assessment such as TypeFocus to help gain a better understanding of your strengths, skills and interests.
Starting a business can be expensive and time consuming, so doing a little research upfront can save you time, money and increase your likelihood of success!
Starting a business may require significant time and financial commitment. Before getting started, it is essential to evaluate the feasibility of your product or service. In other words, you will need to do your homework. Most importantly you must understand the market you aim to compete in and what is required to be successful in that field. When evaluating the feasibility of a new business plan it is important to ask the following questions:
· Is there demand?
· Who is your target demographic?
· How much are customers willing to pay for it?
· Why should customers choose you?