Although, every business has a dream of succeeding, there is always an element of risk when operating a small business. The ability to both survive and flourish in a competitive market is always a challenge. Market factors that determine both supply and demand are critical two types of market failure for small businesses in Canada may involve external factors that develop as a result of the business operations, including effects of the business operations leading to other problems, e.g., pollution. Another critical factor is the presence of competitive markets in the region where the small business operates, e.g., a large corporate competitor.
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You can also take advantage of the Small Business Startup Assessment Tool below and see the tools and resources you need to succeed at launching your business. It takes just a minute and will also tell you if there may be any funding programs available.