Start a Business

Want to start a business in Yorkton but not sure how to start? We have compiled a step-by-step guide to assist you.

Step 1: Research

Starting a business takes a lot of research. You will need to determine:

  • who your customers are
  • how many competitors you will have
  • where you will find suppliers
  • whether there are government regulations to follow
  • how much money you need
  • how you will market your product or service
  • where you can access labour to build your team

You can visit our Demographics and Statistics page to get this research started.

Step 2: Obtain support

We recommend that you get start-up support in the early stages of planning your business. Fortunately, there are many agencies, both local and national, that can help you.

Community Futures Ventures

Community Futures Ventures offers advice and training to Yorkton area businesses.

Yorkton Chamber of Commerce

The Yorkton Chamber of Commerce promotes the well-being of the local business community.

Yorkton Business Improvement District

The Yorkton Business Improvement District enhances our commercial corridor with:

  • Marketing
  • Projects
  • Special Events

Women Entrepreneurs Saskatchewan

Women Entrepreneurs of Saskatchewan offers advice, training and mentoring to female entrepreneurs.

Futurpreneur

Futurpreneur helps young entrepreneurs build a sustainable business.

Square One

Square One offers market research, start-up tools and guidance to Saskatchewan residents.

Indigenous Business Development Services

Indigenous Business Development Services offers support to Indigenous entrepreneurs in Western Canada.

Conseil Économique et Coopératif de la Saskatchewan

Conseil Économique et Coopératif de la Saskatchewan offers support to francophone businesses.

Clarence Campeau Development Fund

The Clarence Campeau Development Fund offers business support to entrepreneurs with Métis ancestry.

Business Development Bank of Canada

Business Development Bank of Canada is a bank for Canadian business owners. It offers financial advice, business planning information and webinars.

Canada Revenue Agency

The Canada Revenue Agency has a step-by-step tool to help you start your business.

Government of Saskatchewan

The provincial government's Start a Business page offers many resources and lets you register to collect provincial sales tax.

Step 3: Develop a business plan

A business plan describes your business and details how you will succeed. You will use this plan to gain confidence from investors so it should be thorough, organized, and supported by facts.

There are numerous resources to help you develop a good business plan. We recommend the following:

Step 4: Site selection

Not sure where to locate? The City has vacant properties for sale. You can also contact a realtor in our business directory to help you with your search. Be aware that the type of business you want to operate may only be permitted in certain areas of the city. You can review our zoning bylaw for more information or contact us to be sure.

Step 5: Secure financing

You will need enough capital to not only start-up your business but to operate it until you start earning revenue. For many small business owners, this means borrowing funds. Potential lenders are listed below.

Business loan providers
LenderDescription

Community Futures Ventures

Loans up to $150,000 to Yorkton area entrepreneurs

Business Development Bank of Canada

Loans up to $100,000

Women Entrepreneurs of Saskatchewan

Loans up to $150,000 to Saskatchewan women

Clarence Campeau Development Fund

Various loans and grants to Saskatchewan Métis entrepreneurs

Conseil Économique et Coopératif de la Saskatchewan

Micro-loans up to $5,000

Other banks, credit unions, or financial institutions

Varies by institution

Private investors

Varies by investor

Step 6: Seek incentives

If you are a rental housing developer, we offer a Rental Housing Incentive Program. To see if you qualify, fill out an application and send it to us.

Other incentives are available from the Province of Saskatchewan. You can learn more by visiting their Business Incentives and Tax Credits page.

Step 7: Apply for permits

Most businesses require a City of Yorkton business licence to operate. Other permits and licences will vary depending on the type of business. To learn more, you can use BizPal to generate a list of the licences and permits required to operate your business.