Do you want to start a business in Canada? Are you looking for the best profitable business in Canada? Or Do you need ideas on the best business to start in Canada? Here on this article you will find out businesses to invest and make profits.
Canada is a country located at North America with 37 million plus population. Canada economy is highly developed market economy. The country’s economy is majorly dominated by the service industry. The industries thriving high in Canada are service industry, manufacturing, transportation, oil and gas, food processing etc.
Start A Business In Canada
This is the best time to invest and do business in Canada. Canada is now offering you many opportunities in key sectors like:
- Art & Craft
- Food Business
- Health Care
- Import And Export
- Internet And Online Business
- Oil And Gas
- Real Estate
- Travel, Hospitality And Tourism
Click on any of the sector that fits your criteria and see list of best business ideas and decide which one of the business to start with.
On the profitable businesses you can invest with the following amounts:
- Less Than $100 USD
- Between $100 USD And $500 USD
- Between $500 USD And $1000 USD
- Between $1000 USD And $1500 USD
- Between $2000 USD, $3000 USD And $5000 USD
- Between $10,000 USD, $15,000 USD And $20,000 USD
- Between $50,000 USD, $70,000 USD And $100,000 USD
- Between $100,000 USD And $150,000 USD
- Above $200,000 USD
Note: The investment you are making depends on your scale of preference. It can be small scale, medium scale or large scale.
11 Best Business Ideas & Opportunities In Canada
Here are successful business opportunities in Canada for investment:
1. Boutique Business
The fashion industry is one of the strong sectors that will always be active irrespective of the economy, because the basic needs for wears will never seize and any new fashion trends will always attract demands. Starting up a boutique business requires knowing the latest fashion trends and having the knowledge of what people wants as well as a good business plan. So setting up a boutique is a profitable business here in Canada.
2. Skincare Consultant
If you have interest on skincare you can consider starting a skincare consulting services. A skincare consulting business is not all about knowing how to apply makeup and colours but you must have idea on skin conditions & problems and finding a possible solutions to it.
3. Computer Training Center
When the necessary steps is taken, the computer training center can be lucrative. A good number of people are not computer literate and for them to acquire the necessary skills and knowledge, they have to visit computer centers for training. That is one of the good reasons to establish a computer training center. Computer training centers are not only for trainings, you can offer other services like photocopying and other computer related services.
4. Restaurant Business
Food will continue to be one of the most primary needs of every human, Everyone must eat to survive, as a result of that, not every one has the leisure to cook for themselves and that’s why restaurant business is on rise speedily. The demand for prepared foods in many cities in Canada is enormous and the existing restaurants are not able to satisfy the demand. There is need for investors or entrepreneurs to grab this opportunity.
5. Fashion Business
The fashion industry is a multi billion dollar industry which support and promotes looking good and feeling good. Canada shouldn’t be an exception in the list of countries where fashion is thriving very high. Before starting a fashion business, you should no that creativity is required, which involves coming up with new innovations and being updated at all time.
6. Starting A Cinema Business
An exact way to benefit from the movie industry is by starting a cinema business. A cinema also known as movie theatre is a place where movies are played on a large screens for people that paid for the service. The cinema business have become a profitable venture over the years as it draws crowds to view movies and in the same way generating money to the investor.
7. Property Flipping
The real estate property flipping business is one of the investment opportunities in Canada for investors, starters and entrepreneurs. This involves buying property, making necessary renovations and selling off the same property for profits. This business is a risk involved business that requires a good strategic planning before getting started.
8. Cloth Designing Services
The consumer needs for a design or label has made a cloth designing a successful business. You must be able to meetup with the customer satisfaction in order to be successful.
9. Hair Salon Business
Hair salon is very hard to run out of customers as it is being patronized daily by ladies who are gladdens to look good at all time. The hair salon is one of the vital business to start in Canada.
So if you are planning to start a business in Canada you can consider setting up a hair salon business, You can start from home if you don’t have much money to rent a shop.
10. Fish Farming
Fish farming is one of the popular system of farming in Canada and one of the profitable Agribusiness ventures. The fish rearing is one of the fastest growing business in Canadian markets, stores and Food vendors. Fish farming requires you to undergo trainings, develop yourself and get the knowledge before starting.
11. Event Planning
Any events that is memorable and successful are the handworks of an Event Planner. You must have communication, organizational and management skills in order to consider yourself as an ideal event planner.
Even though event planning can be stressful as a beginner, But the business is rewarding as far as you have the experience and knowledge in the field.