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starting a businessThe founder and head of Microsoft does not have a MBA degree. Start-up companies: New companies may get tax relief on the first 3 years of corporation tax and the value of the relief will be linked to the amount of employers’ PRSI paid by a company in an accounting period subject to a maximum of €5,000 per employee.

The Connections Guide: An Immigrant’s Guide to Starting a Business in Nova Scotia – This online guide contains a self-assessment section that will evaluate your experience, knowledge and skills to determine if you are ready for entrepreneurship in Canada.

If you set up your business as a limited company, the business is a separate legal entity. A cash-flow analysis is especially important since you could be selling your products like hotcakes, but if you won’t be paid for six months, you could still run out of money and have to close your doors.

Now comes the fun and creative part of starting a business. Customers’ perceptions, both positive and negative, of competitors and of the new business can be very helpful in planning sales and marketing efforts. So, the sooner you incorporate your business, the safer you (personally) are from a legal perspective.

Learning from direct customer feedback, and understanding how your products are being used, is invaluable when growing a small business. The agreement can also provide an exit plan on what will happen with your business partners when they no longer want stakes with the company.starting a business