A study that was done a few years back stated that the main reason that small businesses fail is inexperienced leadership .  Beyond the necessary capital that comes in the guise of Canadian government grants and other government loans, a recent article states that many small businesses fail because the people involved don't do the correct market research and associate their goods and services with the correct market. The article goes on to state the the other major reason that businesses fail is the fact that they don't bother to get the right financing. You need to make sure that you have enough money to cover all of your fledgling expenses and that means they you need to make sure you understand where to get the government grants that you will  need. You also need to choose a feasible business model and that means that you need to do the homework that's necessary here.