NF - Small business startup programs / concrete journeyman

[ch312]

the time has finally come to be my own boss and have a legitimate business. has anyone recently started a small construction business in ontario with the assistance of a government funded program? what other options do i have besides going at it on my own?

 

 

for anyone in the concrete business or construction...

 

i have 8 years experience doing almost everything concrete related and i'm still wondering if starting my own business (small residential) is the right option or should i become a journeyman and go union *cringe* from what i've read, my experience will make it possible to skip most of the schooling and hours required to write my exam to become a journeyman.

[jimmer]

They both have their pros and cons.

#1 working for a larger company gives you the peace of mind that you will have a paycheque at the end of the week.

Self employment can be a strain, but amazing if you make it.

Community Futures Development usually provides some grants for companies starting up that have a strong business plan. They are worth checking out.

[Pikeslayer]

Here's my nickel:

Yes, do explore grants etc, but do yourself a favour and speak with a Scotia Bank small business specialist. I started a small business 6 yrs ago with personal savings and just thought I would deal with my existing bank at the time (TD). Despite the JD Power Bull, they really don't care about the little guy (based on my personal experience). Then one day (approx 3 yrs ago) out of the blue, a Scotia representative showed up at my place of business doing a 'cold call' introducing herself to the area businesses. After speaking with her for 15-20 minutes, I was determined to give Scotia a try out. I placed a just enough of a deposit on account to manage my payables.

Long story short, 3 months later I walked into the TD bank, got a six figure draft and closed my account. It took my TD account manager 6 weeks to call and ask why I had closed my account.

 

Just my experience and food for thought. Best of luck to you.

 

Slayer