Archive for the ‘ Business Entreprenuer-One-on-One Consulting ’ Category

How to manage money when you are self employed Immigrant

Starting your own business can be costly, but so can mistakes when it comes to money and tax. Avoid the pitfalls by following this advice.

As yourself,  can I afford to set up a business?

You need to make sure that you calculate how much it is going to cost to start up and run your business to ensure that you have accurate figures in your business plan, especially if you’re applying for investment from third parties.

All costs need to be recorded for reporting to Canada Revenue ( even if you are a limited company or a certain type of partnership).

Here is a guide to costs you may incur when setting up your business:

Business planning,  Registrations, Permit and Licences
 Insurance ,  set up and location, employee, payroll and taxes

For more please check this link:
Information on planning, starting and growing your own business

Canada Revenue recommends that you keep the following records, which will help you to fill out your tax return:

cashbooks;
invoices and receipts;
electronic sales records or till rolls;
mileage records;
bank statements;
P60s (if you are also employed);
payroll records (if you have employees);
rent books;
hire purchase records;
an inventory of stock on hand;
a record of money taken out of the business for personal use.
So what do I need to know now that I have to pay self-employment taxes every year?

Each year, depending on the number of people I provide my services to, I need to collect  finantial statements at the end of the year to file my taxes.  Learn about Federal and provincial taxes of the contracting world and in order to avoid an audit, you need to make sure  you report exactly what is on that form.

Now that you started the year as a contractor, you should probably pay quarterly taxes rather than wait until the end of the year. If you think it’s a good idea simply to pay a year’s worth of payroll, federal and provincial income taxes once a year, think again. The CR will levy a

severe underpayment penalty for holding on to its money the entire year. Payments are to be made April 15th, July 15th, October 15th and January 15th (The January payment will be in the following fiscal year).

Owning my own business,  you will be keeping your eyes and ears open for every possible deduction to minimize the new taxes that you now need to pay. Previously, the standard deduction was all that I needed but those days are well behind me.
Somehow, you need to realize that every check you receive for you work is not 100%  yours to keep. A good chunk of that belongs to the government, so in order not to spend everything I make, I’ve decided to set aside an online savings account specifically for payment of  CR taxes. Four times a year,  you will take money out of that account to pay my estimated taxes the other days of the year, that account does not exist!   Self-Employment taxes can certainly be a drag if you’re just getting started in a new business and have never heard of them before.

But when you’re 65 and reaping the benefits of social security (reaping may be exaggerated and that’s assuming there’s anything left that far in the future) you won’t be as upset that the CR made you pay it.

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Self-Marketing in the Canadian Job Market

As Wikipedia states: “The career management process begins with setting goals/objectives. A relatively specific goal/objective must be formulated. This task may be quite difficult when the individual lacks knowledge of career opportunities and/or is not fully aware of their talents and abilities. However, the entire career management process is based on the establishment of defined goals/objectives whether specific or general in nature. Utilizing career assessments may be a critical step in identifying opportunities and career paths that most resonate with someone.”

In a tight job market, getting all the details right matters, and a spreadsheet helps.

Here are some job search strategist

1.Do research about the companies you are applying to, take time to determine the best career choice and to keep a job-hunting spreadsheet.   By using the spreadsheet, you’ll quick access to everyone’s contact information and could quickly find the details you needed about people and jobs, instead of keeping track of dozens of business cards, e-mail messages and written notes.   Words of wisdom: In a tight job market, getting all the details right matters, and a spreadsheet helps. “(It allowed me to have) a much more personalized approach and whenever communication would occur I could check the spreadsheet and know exactly where we left off.

Highlights  

•Use Facebook and its microtargeting ability to find help in your search.  

•Follow bloggers on Twitter to learn about the latest job openings.  

•Shadow an employee to learn about their job, and you might get noticed.

Smart strategy:

Turned to the microblogging service Twitter to see if   you can find the latest job postings. Do also  real-time Twitter searches by position and location (“executive assistant, Hamilton”) to pull up recent tweets.

One USA example also use in Canada:

Name: Marian Schembari Old gig: Freelance writing in New York and Connecticut New gig: Associate publicist at Jane Wesman Public Relations in New York Smart strategy: Instead of responding to an employer’s job posting, she posted an ad for herself on Facebook, the social networking site, and used its microtargeting capability to home in on people who were most likely to offer her a job.  

Her ad asked, “I want to work for Harper Collins, can you help?” Anyone identifying themselves as a company employee saw it on their page. Readers could click on a link that directed them to her resume. Though she wasn’t able to find work with Harper Collins, she did connect with 100 people in two weeks, including someone who was able to offer her a job.   Words of wisdom: Recognize that the best way to get a job isn’t always to apply for it directly.

“I wasted so much time writing perfect cover letters and sending them into the Internet abyss,” she says. “You have to get out there in a way that people will come to you, not the other way around.”

Read this on self-marketing

Achieving financial freedom in Canada

How to Achieve Financial Freedom through a list of options of  web based businesses   in Canada

Explore what Business and careers match these  

You may already have ideas about business and careers you might like to do in Canada– but your ideas are unlikely to be comprehensive. Use the Careers Managment Service  – and resources in this section of the website – to widen your ideas. Once you have a range of ideas, narrow down your options and think about how to make a decision. And remember, there are other options to applying for permanent jobs immediately, including:

 • Further study  

• Travelling  

• Volunteering  

• Internships (see travel and work)  

• Time out!

Portable Business and Careers in demand in Canada

So which skills are most in demand? Here are 10 of the hottest:
 
1.  Information technology.  the fastest-growing category of keywords — including HTML5, Android, mobile app, and social media — were in IT, and for instance  we that Network Systems and Data Communications Analysts fits the bill.

The network systems and data communication analyst career field is projected to grow by 30 percent from 2008 – 2018. The rapid spread of computers and technology has demanded an increase in highly skilled workers to develop and maintain systems for new technologies. Systems analysts typically solve problems related to computer technology to meet organizational needs. Network systems and data communications analysts are expected to be among the fastest.

You don’t need a magic wand to notice that it is a  Portable Career and business  in demand in Canada.

The computer software engineer career field is projected to increase by 21 percent since the year 2018. Computer software engineers generally design and develop new computer software systems by incorporating new technologies in a growing range of applications.  Openings for software developers who specialize in applications will rise by more than one-third (34%) since 2018, we are in 2021….rising pay in these fields reflects the surge in demand. What would we do without computers and technology  today? it’s the hottest of all.
 
2. Health care professionals. Partly due to the aging in Canada, health care has been hot for a while now, and the trend shows no sign of slowing. not all Portables but the field of Medical Records and Health Information Technicians , Physical Therapist Aides,  opticians, Veterinary Technologists and Technicians and Fitness Trainers and Aerobics Instructors are. You can open many business with them too. Will the world move forward without health professionals? Nope…..remember you need all your organs, limbs and mind….The health field is always a good investment and it’s always in demand. Can you do much without health? i don’t think so.

3.  Bilingual Health care management and support staff. Don’t have the training or experience to work directly with patients? No worries. “People often overlook the fact that businesspeople run health care companies. “With all the change happening in the system now, there is churn as well as growth. We’re constantly seeing new openings in general management, finance, marketing, human resources, you name it.” Being able to communicate in another language is an asset and it’s very portable.
 
4. Engineers. Note to college students who want their pick of job offers when they graduate: Consider majoring in engineering. A whopping 88% of employers in a new poll by the Society for Human Resource Management bemoaned the difficulty of finding enough engineers to hire.  Civil engineers are in demand too.

 
5. Industrial skills. Think Canadian  manufacturing is slowing down? Think again. Electricians, carpenters, welders. Moreover.  “We’re seeing an increase in industrial hiring in logistics, supply-chain management, and plant management.” As more companies go global, demand for expertise in logistics — the art and science of moving stuff efficiently from one place to another — will continue to heat up.
 
 
6. Life sciences and biotech. Medical innovators ranging in size from Big Pharma down to biotech startups are on a hiring binge. As with health care companies in general, these employers will also need managers and support staff .
 
7. Salespeople/Customer representative. Selling has historically been the closest thing there is to a recession-proof career, and this economic downturn is no exception.  Since they’re the ones bringing the dough in the door, salespeople are often the first to be hired and last to get laid off.  
8. Accounting and finance. Demand for accountants and finance mavens (particularly forensic accountants and compliance specialists) has been climbing steadily for the past several years.
 
9. Discount retailers. “Not to mention any specific company names — everyone knows who they are, anyway — but the big locally discount store companies have flourished during this recession.

 
10. Private equity or wealth firms. Recruiters report that private equity firms are actively seeking management talent for their portfolio companies “across all industries and all functional areas. “They’re poaching already-employed, seasoned managers from big companies — people who can step into either a turnaround situation or a pre-IPO company and make it work. These are challenging jobs, and could be a real feather in a manager’s cap if he or she can bring it off successfully.”

Note: More information related to  Canadian Apprenticeship programs  and  Portable business and careers in demand in Canada     may be obtained from the local Apprenticeship   or for  Business opportunities in Canada   phone at  647.448.2052 or hinenisyndicator(at)gmail.com

Arranging a job before arrival to Canada

How to get pre-arranged employment in  Canada?

The role of your research is always being important if do correct research according to your desire then you always find correct. The second most important aspect that your curriculum vista and resume should be prepared affective that can be able to find something interesting for the employer and it should reached in correct hand. During searching job you would have enough information about the company that will help you in an interview.

The second best way to find a job in Canada  is through job search networking specially using the internet. Remember this: your ability to network to locate jobs is an important career skill to master. The internet  it is a great tool to be used in conjunction with other job search methods. There is still nothing like the old fashioned person to person networking. Creating a real life relationship is the best way to find a job.

FACTS

Don’t confused buying an AEO with arranged employment. Canadian High Commissions (CHC) is not stupid, in most cases dependen where you from they are refused.  Over 75% in ND and Hong Kong for AEO applicants.  Unlikely that you would get your money back if they promised you that.

In order to be considered for Arranged Employment, you must include the necessary documents (e.g., HRSDC confirmation) with your SW application at its time of submission. In other words, if you need the extra points (and/or the requirement for sufficient settlement funds to be waived), you must obtain and confirm an offer of indeterminant, full-time employment, within a Designated Occupation (for which your skills match), prior to considering a Skilled Worker application.

Now here´s the kicker – most Canadian employers will not consider hiring foreign nationals without status in Canada, as there are (typically) enough locals to fill the vacancies. However, if you have a unique skill set (particularly if you are in the IT industry), and/or a friend (or family member, friend of family member, etc) in a position to offer you arranged employment in Canada, then you may be one of the (very) lucky few who are able to make such arrangements.

More likely, this option of arranged employment is nothing more than a pipe dream, and you would be better off improving your score through some other means (e.g., improving your language skills, upgrading your education, etc), and/or increasing your net worth (please keep in mind that home equity, in many cases, can be considered when assessing one´s available settlement funds), rather than chasing this dream (sorry).

 RELATED

Genuine arranged employment tips

 

Best way to approach Canadian Companies For Jobs

 These days its not what you know but who you know.

First of all in order to approach Canadian companies for work , you need to follow protocol for each company. I don’t recommend any job seeker the HR Manager directly. It’s better STAFFING organization, not Human Resources. They should apply directly via the company’s preferred way of receiving applications or reach out to the appropriate recruiter at the company. If they do contact the HR Manager or anyone else at the company out of the blue they could be hurting their chances of getting hired. Also, the person(s) applying should read the job description VERY carefully to ensure they are actually qualified.then and only then you should try to find someone who will endorse you that is inside of the company. Have that person approach HR or hiring manager. If the company is progressive, they will give employee referred candidates preference.

The following are the most succcesful aproaches tips:

Step 1: Research your Target Companies  

Start off by compiling a list of preferred companies that you wish to work for, but before you start cold-calling blindly you need to ensure that you have properly researched these companies. Find out who the appropriate line manager is that is responsible for the department in which you wish to work and also find out who the HR Manager or Recruitment Manager is within the organisation and see if you are able to connect with them directly on professional networks such LinkedIn.      

Step 2: Find out if your Target Company is hiring Don’t start calling until you are sure that the company is currently hiring and not retrenching. It would be most embarrassing if you were to call a manager or recruiter for potential openings when they are in the process of downsizing.      

Here are some tips on how to find out if the company is hiring:  

•Type the company’s name in on Google ‘Company Hiring’ or ‘Company Careers’ (use synonyms for Careers such as Vacancies, Opportunities, Employment etc).

•Visit the company’s website directly to see if they have a careers page and are advertising any opportunities or inviting CV’s.

•Visit popular job boards such as  workopolis.com or monster.com  and go to the ‘Who’s Hiring’ or companies directory page to see if the company is advertising on job sites.

•Look for the company’s overview or careers page on LinkedIn and see if they are promoting careers.

 •Search on YouTube or across the internet in general to see if the company has a recruitment video with instructions on how to send your CV.  

•Network with people within the company and ask them if they are aware of any openings. You can connect with people via niche industry portals or on social and professional networks.  

•See if the company has a FaceBook page which you can join so that you can be kept up to date on any hiring campaigns.      

Step 3: 

Get your CV in . The most obvious approach  to apply to job openings that you might have discovered and that meet your skills and expertise.  

Here are some suggestions on submitting your application:

•Be sure that you follow the company’s instructions for receiving applications exactly as they might reject your CV if it has come via an unspecified channel.

•Include a well thought-through cover note.  •Address the cover letter to the specific person (if possible).  

•Keep your CV to a minimum. You can inform them on your CV summary that you have a more comprehensive CV available should they require it. Be sure to highlight key skills and achievements as they relate specifically to the job you are applying to.  

•If the job advert asks for specific requirements to be met or to be included in either the cover note or CV, be sure to follow these instructions carefully.  

•Mention your availability for interviews as well as your availability to take up employment should you be successful.  •Take care to ensure that your CV is free from errors before submitting it.      

If you know of someone that is currently working for the company, contact them and ask them if they could endorse or recommend you. If you are connected to employees of the company through via a professional platform such as LinkedIn, you could ask them to refer you to the hiring manager.  

You may also want to consider contacting a recruitment agency that specialises in your industry and ask them to represent you by marketing your CV to the company that you want to work for.

Canada Business Development Opportunities

Canada’s rapidly growing economy, vast population and business infrastructure offers tremendous Canada business development opportunities to USA  companies and other countries.   Whether it is setting up operations in Canada, or tapping into Canada’s Market potential, many companies today are experiencing great business success.  More about why do business in Canada.

Business Canada Partner
USA-Canada Business HM can partner with you in all aspects of business development opportunites in Canada.  We have the experience, knowledge and resources to assist the small to medium sized business wishing to explore business opportunities with Canada.  More about our Canada Consulting Team.
 

Canada Manufacturing Operations
Businesses are setting up manufacturing in Canada to improve their cost competitiveness as well as to be a more strategic supplier to its customer base that is already in Canada.  We can help you with the planning and execution of a manufacturing resource in Canada. Specifically we help you with:

Planning
Geographic Location
All Legal and Tax Issues
Local Partners
Risk Mitigation
Implementation
More on manufacturing in Canada
 

Canadian Sourcing and Supply
Finding the right Canadian  Partner can afford businesses great cost reduction opportunities.  It is critical to find the right partner that can meet your short and long term supply objectives as well as have the capability to meet all your quality expectations.  USA-Global-Canada Business HM understands the supply chain opportunities and challenges in Canada and can improve your chances of success by:

Finding Quality Partners & Products
Helping with Legal, Taxes and Documentation Issues
Assist in Supplier Management
Provide Logistics Import/Export Support
 
Penetrating the Canadian Market
Exports to Canada are approaching  Billion Dollars annually.  The Canadian Market is huge, growing fast, and affords a tremendous opportunity to USA or global businesses.  USA-Canada Business  HM can:

Identify Opportunities
Find Strategic Trading Partners
Work with Local Authorities
Assist with Business Development

    

Canada Businesses Expand in USA, Europe and Latin America 
The USA and South American  markets offers expansion opportunities for Canadian  Companies.  USA-Canada Business HM can help  foreign companies enter the Canadian Market by Providing:
Sales and Management Consulting
Developing Specialized Sales Programs
Strategic Overview & Planning
Canada Sales Rep & Distribution Channels

 
HM arranges Canada business tours to companies who may be considering an investiment in Canada.  This is an excelent opportunity to preview the Canada Market and meet influential contacts.

Contact us   or call us at  647.448.2052 to learn more about Canada Business Development Training