Canada-Immigrants In Business Enterprise Sector
In Wise5, a recent study of immigrant entrepreneurs funded by Citizenship and Immigration Canada, researchers found that immigrants who succeeded in business often followed a similar pathway. Immigrants did not start new businesses right after arrival. Rather, they first adjusted to living in Canada and learned about Canadian business culture. Like Maria Luisa, many worked in their field of interest first, learning Canadian practices and preferences first-hand, and finding a mentor who advised and helped them. Often they pursued some upgrading, including language courses and business seminars.
“Immigrants are pulling their weight in the economy, and are just as likely — and sometimes even more likely — than Canadian-born [residents] to be business owners,” says Beverly Rodrigez, a senior fellow with the Bevor Consulting Services. “You see that immigration has grown a lot, and so has immigrant business ownership.”
People have a hard time understanding how immigrants can come into the economy without displacing native…workers,” says Barbara Ujamaa, graduate student of an Entreprenuership Program, which co-released a version of the report highlighting Ontario local implications. “But they create their own niche…. These small businesses that crop up fulfill a need…and become job creators.”
Beverly in her dissertation pointed out that in Ontario, immigrant business ownership is closely linked to immigrant labor, which have both increased dramatically over the last twenty years.
Immigrant labor is a good thing, because it attracts these small entrepreneurs to come and fill a niche in our economy,” Beverly added.
Across the country, Barbara says, the diversity of these businesses is also impressive. In addition to bigger tech companies, there are a lot of “bread and butter businesses,” she says. “Grocery stores, nail salons, gas stations…that I think are making a pretty big difference. In many places, that’s what defines a neighborhood.”
If you are thinking of starting a business, take some time to inform yourself before making a decision. Most Canadian cities have small business centres that can help you assess the advantages and disadvantages of different types of business, including regulations, licencing and certification. They can also provide direction about writing a business plan, which is required for bank loans. Some settlement organizations offer business services if not you can always count with our customized service here.