Sarah has what she thinks is a great idea for a small business. She has developed a new toy that her baby sister loves playing with. She has $10,000 in savings she can use toward the business. What is the first step she should take in launching her business in Canada?

Question

Quizplus · Accepted Answer

The best first step for Sarah would be to go to the Canada Business Network for advice. This organization provides free resources and advice for entrepreneurs and can help Sarah with the legal and financial aspects of starting a business, as well as guidance on marketing and sales strategies. Additionally, they can help connect her with other resources and organizations that may be helpful in launching her business. While the other options (trying to get on Dragons' Den, finding an angel investor, and taking business courses) may be helpful in the future, they are not the most practical first step for someone starting out with a new business idea.

Sarah Has What She Thinks Is a Great Idea for a Small