Where to begin
Whether you are starting from scratch or buying a ready-made business, a great first step – before you make any big moves – is brainstorming. While thinking about your start-up immigration business, you will want to simultaneously reach out to successful entrepreneurs to chat with them about their experiences. Learning about the good, bad and the ugly from these crackerjack individuals will only help to ease the pains of starting your own immigration business. Be it over coffee or in chat sessions online, you can build meaningful relationships while building your success plan. Get out and get busy meeting like-minded individuals who can help steer you in the right direction. Move forward or sideways but get moving.
While you are out and about take special note of the pros and cons of business people. Take an extra minute to look at everyone and everything – employees and business owners alike- and definitely size them up against your own strengths and weaknesses.
Comparing yourself to accomplished business owners is a good thing. Mental toughness, the psychology behind why you want an immigration business and shear willingness to succeed will undoubtedly help to uncover personality qualities you have and how your traits stack up against other successful entrepreneurs. So then, what are your qualities and personality style?
If you are a passionate, goal-oriented, self-starter who is determined to succeed you definitely have some of the attributes of legendary entrepreneurs. An equally important gift to have is the ability to recover quickly. If you get knocked down can you rely on yourself to pick up the pieces and focus on the next task at hand? Are you a tight-fisted person? It’s okay to be cost-conscious but pinching pennies is not always the best practice for entrepreneurs. These are just a few things to consider when putting yourself through the entrepreneur checklist.
Who knows – you might just be the next Wallace McCain (McCain Foods Limited/Maple Leaf Foods) taking your immigration business to a giant corporation. Don’t think of yourself as a small potato but rather as a burgeoning business accelerator who will take your company onto bigger and better things. It is possible to achieve greatness while remaining humble but there are a few steps to take before reaching ultimate success.
If you don’t know where to start you can take a step toward the ‘ole turntable and bring out the recording of The Sound of Music. Feel free to belt out the words from the 1965 film musical starring Julie Andrews and Christopher Plummer – to Do, Re, Mi. “Let’s start at the beginning” with immigration business basics. If you’re not into singing that’s okay. Your next steps, however, should include the following actions:
1.Plan and Refine.
You have checked your mind, body and soul. Now you are ready, willing and able to confidently plunge into the abyss of building a business plan.
2. Create a Business Plan.
There are many models or templates available for crafting your business plan. If you opt to seek assistance (i.e., pay someone else to draft your initial business plan) you are missing out on one of the most fulfilling parts of having your own business. Some of the activities you will engage in – choosing your immigration business name, designing your business structure and identifying your target market, are best done by you and/or your partners. Putting pen to paper or – in today’s world – fingers to the keyboard are essential for drilling down to the very core of why your immigration business matters and for how long. Setting yourself up for success can be as simple as choosing a strong name. Much like naming a child when it’s born, protecting the integrity of your immigration business name and the whole entity further ensures your legacy.
3. Registrations, incorporations, permits, licences and insurances.
Depending on the jurisdiction your business is located in, additional licences may be required. Check with all levels of government (local, provincial and federal) to determine what is required. For most, tax-related information visit the Revenue Canada website.
Protecting yourself and your company, with the necessary insurances in place, are practical measures to ensure all immigration business entrepreneurs are safeguarded. Be it for marketing, branding or property insurance reasons monies allocated here will provide safety nets for your future.
4. Immigration business support, establishing credit and financing for your start-up business.
While not required by many financial institutions for lending funds, identifying resources to finance your operations is crucial. You won’t keep your doors open for long if your start-up business funds are limited. Setting up bank, credit card and vendor accounts will enhance your operational efficiency.
5. Choose immigration business location and hours of operations.
Where you choose to operate and the hours you wish to work will pave the road to a timely launch for your immigration business. Starting your business in a timely manner, in an optimum location, will afford you the ability to charge in advance and collect before products or services are provided.
No time like the present
Because Canada depends on immigration for economic growth prospects for immigration business start-ups is a necessary component for future economics. There really is no time like the present time to set your immigration business plans in motion.
Certainly not as shocking as a polar bear swim but definitely as invigorating as one, you can jump into the unchartered waters and start you immigration business today. You will have no one to blame but yourself if you sit around and wait for the picture-perfect plan. The best way to create your own masterpiece is to roll up your sleeves, create and control your own destiny. You will definitely learn from your mistakes and yes it is better to make them than to look back with regret for the have not’s.
Be the powerfully skilled architect of your own plan. Build your immigration business today.