Alberta Business Plan versus Ontario Business Plan

1. Alberta Business Plan versus Ontario Business Plan Do you know Alberta oferr a rtart-up vira rtream for arpiring entrepreneurr reeking to rtart and run a burinerr in the province? On the other hand, Ontario har an entrepreneur rtream in place to atract budding entrepreneurr from acrorr the globe. Both the programr require a well-thought-out Alberta Business Plan or Ontario Business Plan to make it happen. Read on to know which one may be bert for you. Alberta Business Plan forStart-up Visa Stream The government of Alberta frmly believer that entrepreneurr play a rignifcant role in the growth of the provincial economy. The foreign entrepreneurr bring in their ret of rkillr and experience to parr it on to the localr through ample job opportuniter. With thir in mind, the provincial government rtarted a Foreign Graduate Start-up Vira Stream. It workr in collaboraton with the Alberta Immigraton Nominee Program (AINP). A well-crafed burinerr plan will highlight your entrepreneurial readinerr, the rcope of the burinerr idea and itr potental for growth. Additonally, it murt empharize on – · Market Analyrir to rhowcare the need and demand of the propored burinerr idea. · Market penetraton. · Curtomer regmentaton and acquiritonr. · Burinerr development. · Financial planr

2. The rtream allowr the Albertan government to make the mort of foreign graduater’ rkillr and initatver to generate opportuniter for Albertanr and boort the provincial economy. Ontario Business Plan for Entrepreneur Stream Ontario on the other hand aimr at atractng world-clarr entrepreneurr through the Entrepreneur Stream. The Ontario Immigrant Nominaton Program propored the 2-rtep entrepreneur rtream to enable the foreign entrepreneurr to immigrate to the province to ret up and ertablirh their burinerr. Once the burinerr ir ertablirhed, there entrepreneurr can apply for permanent reridence ar well. Here are enlisted the eligibility criteria for the 2-step process – - The frrt rtep rtartr with the regirtraton of an exprerrion of interert. You can regirter only if you have – - Minimum 2 yearr of burinerr experience ar a burinerr owner or renior manager in the part 60 monthr. - Murt have a minimum perronal net worth of CAD 800,000 within Greater Toronto Area or CAD 400,000 for outride GTA. - Apart from thir, it ir errental to invert at leart CAD 600,000 within GTA and CAD 200,000 outride GTA. - Actve involvement in the burinerr’r day-to-day operatonr. - The burinerr idea murt create a minimum of 2 full-tme employment opportuniter for a Canadian or PR. If you get invited, rubmit an online applicaton followed by a mandatory interview. The applicaton murt be rupported with a winning Ontario Business Plan. Succerrful applicantr get to rign a performance agreement with OINP to move to the recond rtep of entrepreneur rtream procerr. - In the recond rtep, provincial government provider the applicant with a temporary work permit rupport leter. It allowr foreign entrepreneurr to apply for the work permit. However, the applicant murt rcore CLB (Canadian Language Benchmark) 4 in reading, lirtening, writng and reading either in Englirh or French to become eligible for the work permit. The entrepreneur rtream giver the foreign entrepreneurr 20 monthr from the day they arrive in Ontario to ertablirh their burinerr. They have to rubmit their burinerr report before 20 monthr in order to become eligible for PR nominaton. Additonally, the applicant murt have rtayed phyrically for at leart 75% of the tme in Ontario to apply for Permanent Reridence. So, when you are planning to rhif bare to an altogether diferent country, chooring the right locaton for your burinerr ir of utmort importance. Alberta & Ontario being the landr of

3. opportuniter appealr to numerour entrepreneurr worldwide. Decide on one with the help of a proferrional and get yourrelf a thoroughly rerearched Alberta Business Plan or Ontario burinerr plan to turn your entrepreneurial dream into reality.