Archive for June 11th, 2012

Identifying Business Opportunities in Canada

Spotting market opportunities is essential for growth and survival. You need to know where to find these opportunities and understand how to take advantage of them.

There are a number of ways of working out what are the best opportunities for your business, including:

1.Carrying out an analysis of the strengths and weaknesses of your business, and the opportunities and threats it faces (a SWOT analysis)

2. Establishing your unique selling point (USP)

To more effectively identify new business opportunities, you have to dig deep and ask lots of questions. Take a step back, and use these questions as a guide to help you create or adapt business strategies to meet the changing needs of your market.  For international students and international trained professionals in Canada which  are perfect  candidates for immigrant entreprenuership, your goal is to learn how to tell a good  oppotunity from a bad one. Here are some other tips:

  •  It is important to analyse the business you want to do. This will help you plan for the future.
  •  Franchise: having a solid financial base and a product that is sure to atract attention,
    The best business opportunities involved companies that offer something consumers will need or desire
    over all other competing products.
  •  New Business: keep in mind that new business or a plan to start a business may be riskier than going
    with a company with an established track record. However, business opportunities of this kind are to automatically suspect. If the funding is there and the organization is structured properly, the opportunitiy is well worth your consideration.
  •  You will find that in Today Canada’s market, it is worth your time to consider a web based business as well as home-based and more traditional business setting. The best business opportunities have a comprehensive and well  defined system for getting the products to consumers. This includes such factors as a reliable process for producing  the good or service, excellent sales and marketing strategies, and an efficient delivery to the buyer.
    Without the ability to sastify orders quickly and efficiently, even the best product is less likely to build a loyal client base.

 

For Advisory on entrepreneurial development  Training  click  here

Canada: Immigrants Credentials Evaluation

Credentials evaluation

A great government tool to find more about your profession in Canada is www.WorkinginCanada.gc.ca, which will provide you with information on the licensing board that governs your profession in your provincial destination, or helpful information on your industry if it’s unlicensed.

Website (www.credentials.gc.ca), it clearly states “Qualifying to immigrate to Canada does not mean that your education, work experience and professional credentials are automatically recognized in Canada.”

The federal government can only do so much, because most of the power for credential recognition lies in each province, particularly for licensed professions. There is no magic bullet solution for credential recognition, but as the problem lingers, so does awareness and more employers and professional bodies are becoming better able to deal with assessing foreign credentials.
 
If you’re in a licensed profession, your next step is to contact the licensing board in your province (each province will have its own). The licensing board in question will be able to give you the details on how to get your current credentials evaluated, and then what you will need to accomplish to be licensed in that profession in Canada. You might need to take some additional courses, upgrade your training, take a bridging program or simply pass an examination. Consider that there will be costs involved with all of this as well.

If you are in a field that does not require a licence — i.e., a business manager, human resource manager or even a semi-skilled worker, you don’t have to go through the hassle of re-licensure and re-examination with a professional certification body. But you will still face challenges. You may even want to consider getting some additional Canadian schooling or professional development to add to your resumé.
Rembember

Despite all the barriers Canadian immigrants face in the labour market, there are many success strategies one can employ to get around them. From volunteering, mentorship and networking, to job shadowing and informational interviews, there are ways to get your foot into the door!
 

Bridging Programs for Immigrants

Recognizing that newcomers with international credentials may need to upgrade their training to the Canadian context, several universities, colleges and not-for-profit organizations in Canada have developed “bridging programs.” These are designed specifically for foreign-trained professionals to bridge or adapt their skills from their country of origin to Canada, for both licensed and unlicensed professions.

Such programs enable immigrants to transition more quickly into the Canadian labour market by providing training that addresses specific needs and facilitates the recognition of foreign credentials. Without such programs, many immigrants would have to face complete reschooling, which is costly and time-consuming.
Such programs may provide you with the following:

1. An assessment of your education and skills
2. Hands-on workplace experience
3. Skills training or upgrading
4. Preparation for a certification examination
5. Specialized language training for your industry
Generally, you have to pay a fee for these programs, as they are not part of the free basic ESL and job search programs available through immigrant settlement agencies.
Finding a bridging program

To find a bridging program, you’ll have to do a little digging online and through word of mouth. There is not one centralized location that lists all bridging programs in Canada.
If you’re in Ontario, the Ontario government immigration website is a good place to start (see http://www.ontarioimmigration.ca/en/working/OI_BRIDGE.html).

In other parts of the country, the list of bridging programs may not be as well organized, and you might have to search individual colleges and universities to see what they have to offer.
Check the Internship Program expanded–the FIN Program