Chinese immigrants from Toronto, Canada do small business.

? What are the common forms of small businesses? ? New immigrants face various business opportunities after coming to Canada. As far as greater toronto area is concerned, there are five common forms of small businesses:? A. catering? Coffee shop, Chinese restaurant, western fast food, bar, tea room, etc. B. service industry? Beauty salons, manicures, hair salons, travel agencies, laundries, etc. C. science and technology? Computer, web design, network services, etc? Education? Chinese class, math and physics tutoring, English tutoring (TOEFL, GRE, IELTS), summer camp, etc. E. retail and wholesale? Wholesale and retail of small commodities, such as convenience stores and dollar stores. What is the current market price? ? According to the type and location of merchants and the quality of their operations, the prices of merchants vary greatly. The prices of common small businesses such as convenience stores, bars, fast food restaurants and coffee shops range from 1 10,000 to 20,000 to 200,000. Generally speaking, buying a small business plus working capital usually requires an investment of 20,000 to 30,000 yuan. ? What's the difference in return on investment? ? The level of return depends on the business type, market conditions and business quality. Some industries are more profitable, such as restaurants, bars and convenience stores. A well-run small convenience store can earn two or three thousand yuan a month and recover the invested funds within one or two years. ? Which are more suitable for new immigrants? ? Because most new immigrants are limited by English, experience, funds and information, immigration experts believe that coffee shops and fast food are more suitable for new immigrants; Retail and wholesale convenience stores and dollar stores; Education and consultation of beauty, manicure, hair salon and service industry. These businesses are characterized by low English requirements, low investment and simple management, which are suitable for family businesses. But we should also see some unfavorable factors, such as long working hours, monotony, difficulty in taking care of family life and so on. ? How to choose a small business? ? Immigration experts believe that there are three points to consider. ? First of all, we should try our best to make use of our expertise in China. For example, computer technicians can do web design and network services, and teachers can do math and physics counseling and training courses. ? B. Second, do what you can, and determine a main attack direction, such as coffee shop, on the premise of considering your own economic ability and time schedule. ? Third, we should do a good job in market research. Immigration experts believe that the best market research is to experience it yourself, such as working in a coffee shop first. ? What policies and regulations do you need to know to invest in small businesses? ? There are many policies and regulations involved in small business transactions, so you must consult relevant professionals, such as lawyers and accountants. There are mainly the following six aspects: a. What is the purpose approved by the government? Every property has a purpose approved by the government, so you must go to the local government through a lawyer or in person to find out. ? B. Environmental protection requirements? The nature of some industries may cause pollution to the environment, and the government controls them very strictly, such as car repair and restaurants. Pollution treatment equipment such as waste oil recovery system must comply with relevant regulations, and the government will check it regularly. ? C. tax requirements-small enterprises must consult accountants when filing tax returns, so as to realize legal tax savings to the maximum extent. ? D. Insurance requirements-There are two main aspects of insurance for small enterprises. One is property insurance, which is usually the responsibility of the landlord, and the other is commercial insurance, which is the responsibility of the business owner. ? E. What are the mortgage requirements? The loan requirements of small enterprises are different from those of housing loans. Generally speaking, the requirements are stricter, the interest is higher, and the proportion of loans provided is lower than that of housing loans. Consult banks and relevant government agencies in advance for suggestions on loans. ? F. various supplementary provisions? Such as chain stores and shopping centers/property management departments. ? The geographical location of doing business? Downtown Toronto? B, scarborough, especially along the main traffic routes such as Finch, Steels and Shepard? C along center street, which is also the golden line of Toronto? The similarities between these places are the concentration of Chinese, convenient transportation and better prospects for real estate appreciation, so they are more suitable for new immigrants to start small businesses.