At Business Link, we get a lot of questions about money. Quite often those questions are about how to get money to buy essential equipment needed to start a business. There are currently no grants for this type of activity, but there might be some paths you can take.
Posts By Dale Schaub
The legalization of marijuana is estimated to give the Canadian economy a boost of $12.7 – $22.6 BILLION, according to a study from business services firm Deloitte. While you’ll need millions of dollars to become a marijuana producer and you’ll need tens of thousands to open a retail location (See: Cannabis-ness Succeed? The Straight Dope), what’s left for the rest of us?
The government announced a huge policy change that revolutionized the face of business in profound ways. This was back in 1993 when the Alberta government decided to privatize liquor sales. Up to that point, liquor sales were done in a cold, formulaic way that only a government could. The government of the day decided to open up the market to private enterprise, and everywhere you looked, everyone you talked to, people saw opportunity and money. I watched the whole thing unfold with rapt attention.
Every bank and credit union has turned you down, you’ve gone through Canada Business Networks grant lists and there’s nothing you can use. You’ve worked your way through all the financing sources that we've sent and have still come up empty. Perhaps the only money that anyone is giving you is the change your grandma lets you keep when you buy her milk. It’s time to face facts, you’ve just discovered that no one is going to give you any money to start your business. Is that it? Well maybe it’s time to think about things a different way.