Starting a business in Toronto Ontario is a good idea. WHY? The reason is because Toronto Ontario has all the resources that you need for your business to thrive. Toronto is the capital of Ontario and the most populous city in Canada. It is also the business / financial beehive of Canada.
This is evident in the fact that 70% of the small and medium sized businesses in Canada are based in Ontario. One of the factors that make Ontario a business friendly place is its tax rate which favors investors, easy business registration and license obtaining procedures.
There are many businesses that you can start in Toronto Ontario but some of the smartest ideas include-:
Top 20 Small Business Investment Opportunities in Toronto
1. Gluten-free restaurants and bakeries
It’s not only the ‘health nuts’ and vegans that are picky about what they eat. A lot of people are now forced to make healthy food choices, so as to avoid diseases and illnesses that occur as a result of a careless diet.
Gluten is one of the items that people are now trying to avoid and restaurants offering gluten-free diets are now a preferred choice for many people. One of the best businesses that you can start is a gluten-free bakery or restaurant.
2. Daycare and Babysitting Services
If you want a business that you can start right away and begin generating income, then you should consider starting a daycare for babies and young children and also offer babysitting services to working parents.
3. Patient Advocacy
As a patient advocate, your business would be centered on assisting patients in price negotiation, arbitration and also offer patient counseling services. Your main focus is on helping patients get the right treatment at fair prices and helping them heal faster.
4. Body decorator
Tattoos and body piercings are very popular these days especially among the youths. With little training, you can start a body decorating business and make money from helping interested people decorate their bodies with tattoos or piercings.
Another hot business that you can start in Toronto is a transportation business. You can start a general cab service to cater to the general public or a luxurious chauffeur-driven cab service to cater to ‘A-listers’ and rich people.
6. Home healthcare
If you love working with elderly people, you can start a home care business for caring for old people in their homes. Your duties will include feeding them; attending to their health needs and making them feel comfortable generally.
Are you tech-savvy? Do you know how to build software or mobile applications? Then you shouldn’t let that talent go to waste when you can make money from it. Building mobile applications is a huge business opportunity right now.
You can build traffic-related mobile apps for residents of Ontario or a bus ticket sales app or just anything that you feel would improve the quality of life of people living in Ontario.
8. Tea/Coffee Shop
You cannot go wrong with starting a tea shop in a public place. Tea is like everyone’s favorite breakfast because most people barely have time to eat breakfast at home before setting out for work. A tea shop is also a preferred place for people who want to hang out during lunch or hold brief meetings.
9. Financial Advisory/Planning Services
You can become a financial advisor or a business consultant if you have a good knowledge of financial management. You can help people write business plans to start their business, offer them advise whenever they need to take a mortgage or just offer general financial support to your clients.
Not many people are still interested in walking around from store to store searching for that cute dress or that trending shoe. With the advent of online stores, many people would rather shop from their computers where they can browse through many stores in minutes and order for items from the comfort of their homes. You can start an online store or any internet-based business like network or affiliate marketing.
11. Home Renovation
Another great business idea is to start a home renovation business for people who want to give their homes a face lift. Some of the most popular home renovation services on high demand in Ontario include home painting, flooring, carpet cleaning or kitchen remodeling.
12. Catering Services
If you are good with cooking, you can start a catering business. Even if you are not a good cook, there are catering schools that can teach who to become a professional cook within a short period. You can choose to become an independent caterer or work as a hotel/restaurant caterer.
13. Sales of Pet care products-: Pet food, Pet snacks and pet grooming are also on high demand in Ontario.
14. Cleaning Services-: You can also start a residential or commercial cleaning business
15. Wedding Planning-: If you love planning events, you can help brides relieve stress by helping them plan and organize their dream weddings to suit their budget.
16. Beauty Services
Ladies need to get their hair and manicure done while the men need to shave their hair and beads and you could be the one to provide this very highly demanded service to some residents of Toronto.
17. Sewing and Alteration Services
You can start your own clothing line and produce trendy and fashionable clothes with your own brand name but if you cannot afford to do that, you can start sewing and dress alteration business.
18. Business Coaching
If you are highly knowledgeable about the business terrain in Canada, you can offer business coaching services to newbies who are just planning to start a business in Toronto or Ontario as a whole.
19. Pet Bakery-: The pets too deserve treats sometimes. You can start a pet bakery to cater for pet owners.
20. Carpet and Upholstery Cleaning-: Lastly, you can start a cleaning service for people who desire to give their homes a face lift by cleaning their carpets and furniture.