The number of self-employed Canadians is on the rise.
According to Statistics Canada figures released in March, self-employment rose by 4.3%, or 100,000 people, between October 2008 to 2009, as the recession set in.
The move to self-employment carries with it challenges for newly minted entrepreneurs, lawyers warn. They must avoid the seven common mistakes made in starting a business, which can come back to haunt them years later.
So what are these seven deadly sins?
- 1. No structure The first is "not picking the appropriate structure to operate the business," said Richard Brooks, a Toronto lawyer at Brooks, Barristers & Solicitors who works extensively with entrepreneurs.
To read the full, original article click on this link: Seven sins of entrepreneurship
Author: Jim Middlemiss
