Are you looking for best small business ideas in Canada? Look no more. We are sharing some of the top startup ideas and business opportunities in Canada which you can consider in 2020.
Best Small Business Ideas in Canada
1# Mobile Home Business
Mobile home service is a lucrative market. The cost is around $10,000 and $50,000 for this service. Starting this business needs capital investment.
Some options include window washing, cleaning cars, and the things required include ladders, tools and products, and a vehicle to carry something.
Providing transport service is a profitable business in Canada. It covers around 5% of the country’s GDP.
Starting a transport business capable of moving goods comes with substantial costs. Smaller trucks cost $15000 in Canada. One needs a license to carry goods, insurance of the vehicle and a name for your business.
3# Fitness Market
The fitness market is a good opportunity for entrepreneurs. This market reached $266 million in 2019 and expected to increase further.
This market in Canada requires low startup costs and personal trainer expertise plays a more important role than equipment.
4# Photography Business
Due to the immense increase in digital technology and social media, photographers can make good money.
A good camera in Canada costs around $2,000 to $5,000. You can start this business with a website and active social media accounts. One can also open his or her own studio.
5# Blockchain and International Trade:
Canada imports and exports, natural resources and finished goods. The annual growth rate of blockchain is 90% in Canada.
To speed up the process to pass something from the borders, one can start a blockchain supply chain development company.
This blockchain technology helps to track the package of suppliers and also speed up the entire process and verification of the handlings.
6# Repairing Computers Business
In Canada, if you have an interest in computers, then this is a profitable opportunity. The repair of a computer in Canada cost is C$14.53.
If you have the training, license, and knowledge of hardware and software, then you can start the computer repairing business.
7# Consignment Shop
Recycling is an emerging trend. Anybody can earn 50-80% of the consignment items. One can open a consignment shop or an online consignment shop and can sell second-hand goods.
One must find products and items that are in good condition and display them in such a way that attracts customers.
8# Pet Services
There are so many opportunities in the pet services business. This service costs around $20-$40 a day.
Canadians love their pets and caring for them is their top priority. One can start this service from a pet daycare, pet walking or grooming service, etc.
9# Home Inspector
In Canada, prior to buying a home, homeowners want to inspect their homes and they can take the service of home inspectors.
The home inspection cost is $300 to $600 in Canada. One can start this business by getting a certificate in this field. A home inspector will check walls, electrical systems, plumbing, flooring quality, etc.
10# Career Counseling
Career counseling is in high demand in Canada. Knowledge in a different type of career can help one starting a career counseling business. C$23.50 is the pay in hours of career counselors in Canada.
It is one small business that requires no investment. You can also provide online career counseling.