Posts Tagged ‘ Immigrant-Owned Businesses ’

Relocate in Canada

An iconic vista  

Canada’s first immigrants may have been reluctant European outcasts, destined for a lifetime of hard labour, but today this vast country lures 15,000 people annually from the UK alone.

Of the more 15,000 foreigners granted permanent visas to live in Canada in 2009,  many — just under a sixth — were British. Many of these hopefuls arrive to set up in business for themselves in search of the famed Canadian “Dream”, scenery and quality of life.

Similar business culture

With property prices — including commercial property — and other living costs significantly lower, it’s no wonder the country is so popular with foreigners.

Canada is an affluent country with a stable economy and strong links to the UK, making it a more significant market for the UK than its comparatively small population of 38 million might suggest. With an economy worth over 450bn, it’s a prime location for business immigrants.

The advantages of a shared language, a common basis for commercial law, a similar business culture and the presence of many USA and  UK companies in the market make  Canada  hugely accessible to the fledgling and experienced exporter alike.    Admittedly there isn’t anywhere on the planet  closer to the polar circle  with britons or british linkage  than Canada, but the geographical gap between the countries has been bridged by technological advances. The emergence of the internet and related technologies such as Voice-over-Internet phones, as well as video conferencing technology, have made doing business between the countries a lot easier.

The cost of long-haul flying is on a long-term downward trend, too, and the number of flights between the countries is on the increase thanks to the lifting of restrictions on code-sharing in 2009.

Business broker  Luz Maria, who has 30 years’ experience selling businesses in Canada, has some advice for foreign relocating their business the great white north:

“Continue in the same field and don’t try to reinvent the wheel. Business here has adopted a very British system and North American system there’s a chance you’ll introduce some new ideas to the local scene.”

Vibrant, cosmopolitan

Canada is a huge country (more than 20 times the size of the UK) with most people living in one of the major cities and three quarters of the population living in centres of 20,000 or more, making the market easily identifiable. The principal cities of  Toronto and Vancouver are large by international standards, with populations of 2.3 million and 3.8 million respectively. The capital, Ottawa, has a population of just 130,000, although it is in the midst of a record-breaking construction boom.

Canada’s cities are vibrant, cosmopolitan places thanks to waves of post-war immigration from central and southern Europe and south-east Asia. Creative and media, food and drink, recreation and leisure industries thrive.

Other prime sectors in the country are agriculture, mining, oil and gas, telecommunications, biotechnology and railways. With most of  Canada’s population living within 20km of the sea, it is a significant player in marine industries.    Western Canada, whose biggest city is vancouver, is Canada’s largest province, covering the most resource-laden third of the country. As close to China and Singapore as it is to Sydney, it is ideally equipped to service the growing economies of Asia and the Indian Ocean rim. It is also well placed for air travel, freight networks, shipping lines and telecommunications, and the state is home to Ernst & Young, Coopers & Lybrand and many other key international businesses.

The comparatively sparsely populated regions of the Northern Territoritories, Regina, Winnipeg, Calgary, Montreal are home to numerous lucrative industries, including offshore gas exploration, mining, farming, fishing and tourism, but they are still ripe for investment as most migrants head for the economically strong cities.

The tourist trade should be highly attractive to the business migrant as Canada’s rich aboriginal culture and stunning natural beauty continues to draw in over a million visitors a year. HC feels that the best business move for an individual looking for a lifestyle change would be in this industry.

“I would recommend a tourism and/or accommodation business — motel or B&B — where you normally get the housing with the business. “This makes the start in a new country much easier and you start interacting with the travellers and local community immediately.”   If you want to live in Canada and set up a business, or manage a new or established business, you will need to apply for a business skills visa. It is advisable to seek assistance from an agent before making your application, as competition is fierce.

“Under the country’s two-stage arrangements, business immigrants are granted now a provisional four-year visa and, after meeting the requisite level of achievement or maintaining their eligible investment, they are deemed fit to make an application for a residence visa. Applicants for provisional visas must have had a successful business career to date and significant net assets to settle in Canada.

For the second stage residence visa, business people must have had ownership interest in one actively operating business in Canada for at least two years, employ at least two Canada citizens and have achieved a decent annual turnover.

 

 

Marisol Diaz is  Business developer and  trainer specializing in  helping clients create fulfilling and meaningful business opportunities (or bizopp); business ideas and career opportunities trained professionals. Get help creating your own exciting  opportunity in Canada with a step-by-step books and  guides, seminars and Workshops such as “Steps to Starting Your Own Business” in Canada. Check also   Business, Jobs & Careers    products

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Secrets of Successful Immigrants In Canada

Immigrants are good for Canadian economy. The most skilled create jobs in technology and engineering. 2009 immigrant-founded engineering and tech companies employed more than 150,000 people and generated $25 billion in sales. Immigrants contribute to the economic growth of their host countries in many ways, bringing new skills and competencies with them and helping to reduce labour shortages.

Immigrant entrepreneurship has gone beyond traditional ethnic businesses, into a wide range of sectors and innovative areas.   Is there a market here for skilled labour? Actually, Canada is seeing signs of worker shortages in several professions – including engineers, doctors and nurses, to name a few. Added to this is the fact that the population in some provinces is shrinking, and employers are having difficulty filling their rosters with skilled help. Paul Darby, director of the Conference Board of Canada, estimates a shortfall of 3 million skilled workers by the year 2020.

Get in the wagon of  Entreprenuership and Employment Creation of  Immigrants.

The Canadian government issues immigrant visas to business immigrants who qualify under the Business Immigration program.  There are three categories of business immigrants: Entrepreneurs, Investors and Self-Employed persons.  Each program has its own criteria for selection, and require Business Experience as defined in the immigration regulations.     An Entrepreneur must have a minimum of two years of business management and ownership of a percentage of equity in a business within the past 5 years.  The business must meet certain specified criteria that relate to the number of employees, the total annual revenue, net income and net assets.  The entrepreneur must also demonstrate a personal net worth of at least $300,000 CAD.  If the applicant meets these criteria, then he or she will be issued an immigrant visa and become a permanent resident subject to the condition that he or she starts or purchases a business that meets certain minimum requirements for any one year period within the first 3 years of becoming a permanent resident.  If the conditions are met then they are lifted, if they are not met then the immigration department may take steps to attempt to remove the permanent residence status.

An Investor must have a minimum personal net worth of at least $1,600,000 CAD that has been legally obtained, and meet the specified criteria regarding past business ownership or management.  If these criteria are met, then he or she must invest $800,000 in a government guaranteed investor fund for a five year period.  During those 5 years there is no interest paid on this money, but the return of the principal to the applicant is guaranteed by the government.  Financing is available for the investment amount.  There are no conditions attached to the permanent residence status of an investor.

The Self-Employed category requires an ability to be self-employed in Canada in the field of cultural activities, athletics or the purchase and management of a farm.  The applicant must have experience in one of these areas and if successful, will be issued an immigrant visa that is not subject to any terms and conditions.

It is important to be represented by a competent, experienced lawyer in filing a business immigrant application, to ensure the greatest chance of success with a minimal amount of delay in the processing.    For further information and a free assessment, please contact us at

Marisol Diaz is  Business developer and author specializing in  helping clients create fulfilling and meaningful career opportunities for local and international trained professionals. Get help creating your own exciting career opportunities in Canada with a step-by-step books and  guides, seminars and Workshops such as “Steps to Starting Your Own Business” in Canada. Check also   Business, Jobs & Careers    products

How To: Land a Job at anywhere in Canada

GUIDE TO GETTING HEADHUNTED

Getting that call from a Canadian headhunter is a great feeling. The market is tough! Sometimes its fluke, but usually its validation that you have done a good job or someone values you highly enough to refer your name to the headhunter.

So how do you get on their radar? You will be able to find pages and pages of tips but here area couple that will work for you. There are 2 main ways to get headhunted: Building your profile in the market (get noticed) and networking.

1. Build your profile: Be highly competent at what you do,develop a reputation for excellence put in the hard work, show initiative, be a leader and accept responsibility, Never compromise your values or beliefs Keep your word at all times Get noticed and talked about

2. Network: Build and maintain a list of contacts and make an effort to keep in touch with them as often as possible. Join professional associations and bodies. Volunteer to speak at seminars, conferences or industry functions, or write articles for newsletters, newspapers etc. Be confident and promote yourself. Dress and act at the level to which you aspire. Always be there when someone needs your help If you consistently do these things then it wont

 Resources

New Grad Career Expo: Wednesday January 25th, 10am – 7pm
• Metro Toronto Convention Centre, North Building, 255 Front Street West, Toronto
• More info on newgradexpo.ca

Doors Wide Open   and New Grad Career Expo  for instance  this  January 2012 are having a big hiring year its biggest ever, in fact.   This week we spoke with a coordinator and  manager for them, for advice on getting hired by a variety of fields.   Those managers that  oversees sales hiring in the West and  East Canadian regions.    Both managers  suggests job seekers at  the variety of fields  and elsewhere begin by presenting a picture of what theyve done in their careers as concisely and precisely as possible. Every word on your resume or profile should count,  and job applicants need to understand the difference between responsibilities and accomplishments.   Too often we ourselves receive resumes that describe their previous roles, but dont talk about what they did in those roles that would distinguish them from the 10,000 other people in a similar role.

Be precise. If you were in a sales management position, dont just say you led the sales team, talk about the amount of revenue you brought in, or the specific degree to which you surpassed your sales quota.   Too often [applicants] leave out the numbers because theyre worried they are too low, but without those specifics you dont stand out; you look like everyone else.   Theres also a temptation to be exhaustive when you put your resume together, but a resume that is really tightly written and represents your big accomplishments stands out more than an encyclopedia of everything you have ever done. Be judicious about what you put on there.

Visit and  contact us here.

For a host of  employment companies, Franchise and Business Opportunities in  Canada, dont forget to get your  subscription to  our Magazine.

Immigrants: Starting a business in Canada

The Immigrant Entrepreneur Visa Category is intended for prospective immigrants who propose to establish a new business or who propose to purchase all or part of an existing business that has supportable prospects for expansion in any province in Canada

 The Canadian goverment  is also ramping up our support for immigrant entrepreneurs, those  who’ve long been a tremendous source of innovation in  Canada.  Immigrants are twice as likely as native-born  Canadian to start companies – although a greater proportion also struggle to keep their businesses open for longer than a year.  That’s why  the Canadian goverment has been creating  a new competition that challenges community-based organizations to come up with programs that can help immigrant businesses across the city grow to scale.  At the same time,  in many provinces the Canadian goverment is has been offering some of  its  business courses and programs  in Chinese, Korean, Spanish, and Russian – which will allow us to connect to hundreds of new businesses in our immigrant communities. Read here  about  a Business Immigrant Mentorship Program

 There are four types of entrepreneurs who contribute substantially to economic development and job creation in Canada.

The categories are not mutually exclusive as some business characteristics can be found across these typologies but they do have distinct characteristics.

  • Immigrant Neighborhood Storefront Businesses
  • Immigrant High-Tech and Health Science Entrepreneurs/Innovators.
  • Immigrant Non-Tech Growth Businesses
  • Immigrant Transnational Businesses

1. Immigrant Neighborhood Storefront Businesses:  These are low-to-moderate-income (LMI) businesses, largely retail and personal services. They start small and frequently stay small and usually locate their businesses in economically distressed areas with lower rents. .eg. http://tortillerialamexicana.ca/

This group has special challenges that include limited English; low familiarity with Canadian cultural and business practices; little or no credit history and little or no business and/or management education.

 The businesses are alternatives to wage employment and involve extremely long hours and hard work. Employees are more often than not other family members. The goal of the business owners, often called “Necessity Entrepreneurs”, is to make a life for themselves, their families and to ensure their children’s future. They usually do not expect to pass on the business to their children and frequently note that they are working extraordinarily hard so their children can get an education and not have to work as hard. However, some of these business owners are interested in expanding their businesses into multiple locations and/or allied businesses in which the children may be involved.

2. Immigrant High-Tech and Health Science Entrepreneurs/Innovators

These entrepreneurs apply their scientific education and expertise to the creation of a product or service in technology or medical drugs/treatments. The goal of the business owner is often, but not always, to develop the technology and have it acquired by a larger company clearing the way for creating new products and services.

3. Immigrant Non-Tech Growth Businesses
These are businesses in real estate, manufacturing, retail, wholesale, transportation, construction, leisure and hospitality, etc. They are the core businesses that drive the province, regional and national economies and become important employers in their community and province.

These businesses are credited with revitalizing economically depressed neighborhoods and communities. These business owners are interested in expanding their businesses into multiple locations and/or allied businesses in which the children may be involved.

4. Immigrant Transnational Businesses

These businesses are a new phenomenon of “Keeping Feet in Both Worlds”. Immigrant transnationalism refers to the regular engagement in economic, political and socio-cultural activities spanning national borders.

These transnational entrepreneurs are playing an important role in facilitating international trade, investment and “diaspora tourism”. They are a heterogeneous group coming from many countries, crossing ethnic, immigrant and minority boundaries possessing different motivations and experiences.  Now within it , there are four distinct types of immigrant transnational enterprises: Circuit firms involved in the transfer of goods and remittances across countries; Cultural enterprises that rely on their daily contacts with the home country and depend on the desire of immigrants for cultural goods in Canada such as shows, CDs and newspapers; Ethnic enterprises that are small retail firms catering to the immigrant community, which depends on a steady supply of imported goods; Return migrant enterprises that are businesses established by returnees that rely on their contacts in Canada.

Start a business in Canada ! , Your opportunity is now businesses, create jobs for their community and wealth for their families. That’s why they are often called “Opportunity Entrepreneurs”.

 Learn how we can support you and help you make your business flourish. If you are exploring entrepreneurship, our orientation workshops are the perfect place to start. Begin your entrepreneurial journey with Hineni Media and the workshops, multi-week classes, and events. We offer for women and men at every stage of the entrepreneurial cycle.

This fall, connect with the resources you need to start your business or bring your existing business to new heights, and discover why Hineni Media is the place where success grows.

Onward and upward,

Marisol Diaz

 

Marisol Diaz  is  an experienced workshop presenter, specialized information publisher, and  a SOHO specialist. She also  has been writing on Canada settlement and  immigration law since 2006. contact her @ hinenisyndicator@gmail.com. You can improve your Canada job search through the   Canadian database  for Int’l  Professional or Hineni CED ,  a Paid Content   or Informational Services site run by Hineni Media.

Canada: Immigrant-founded businesses

Immigrant entrepreneurs and experts contribute significantly to position creation and innovation.

The revenue generated by Fortune 500 companies founded by immigrants of children of immigrants is greater than the GDP (gross domestic product) of every country in the world outside the U.S., except China and Japan.” These Fortune 500 companies had combined revenues of $4.2 trillion in 2010, $1.7 trillion which from immigrant-founded companies. According to Fortune Company report.

Just as Intel Corp. ; Solectron Corp., .eBay Inc. and  Yahoo Inc.in the USA, Canada too has its own a know example is Hones Ed  the son of Jewish immigrants from Lithuania.  Ed Mirvish  became a  Toronto businessman renowned both for his landmark discount store Honest Ed’s and for his key role in revitalizing the city’s theatre scene, he died at 92.
For new Canadians who have owned a successful business in another country, it’s important to have someone on your team who can help you thrive in the Canadian business environment. Help this adviser understand the business environment you have come from to help you bridge your knowledge from one market to another.

First up, you must have a plan. There are many books and websites to show you how to build a business plan, but the most important part of your plan should be a detailed and careful analysis of how your business idea is going to make money

Canada is  also ramping up its  support for immigrant entrepreneurs, who’ve long been a tremendous source of innovation in Canada.  Immigrants are twice as likely as native-born canadians to start companies – although a greater proportion also struggle to keep their businesses open for longer than a year.  That’s why the goverment have created a series of latest competitions that challenges community-based organizations to come up with programs that can help immigrant businesses across the cities  grow to scale.  At the same time,  the goverment has been offering some of its  free business courses in  English, French , Chinese, Korean, Spanish,  Hindi and Russian – which will allow them to connect to hundreds of new businesses in our immigrant communities.

 

 

Marisol Diaz  is  an experienced workshop presenter, specialized information publisher, and  a SOHO specialist. She also  has been writing on Canada settlement and  immigration law since 2006. contact her @ hinenisyndicator@gmail.com. You can improve your Canada job search through the   Canadian database  for Int’l  Professional or Hineni CED ,  a Paid Content   or Informational Services site run by Hineni Media.

Access more than 400,000+ Canadian province-specific company profiles in industries such as manufacturing, transportation, consumer goods, consulting services, finance and technology.  Available only to premium subscribers.


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