Starting a Business In Toronto or Vancouver? The Plan is on Us

The cosmopolitan, quaint, alluring and highly diverse cultural hub that is Toronto, or the enchanting natural beauty, endless intoxicating parks and forestal landscapes serving as a refreshing divide from the corporate crux of the city in Vancouver?

Both represent greatly enticing destinations to relocate to for any ambitious business owner, with Canadian startups raising nearly $10 billion in 2023, proving the prestige available to applicants is becoming irresistible.

In fact, statistically, Vancouver and Toronto are the hub for Canadian startups, with Toronto in particular having between 2100 and 2700 startups as of 2017. And with crowdfunding figures expected to reach $85 million by the end of the year across the country, there is not as exciting of a time to transform your business prospects in the home of the Niagara Falls than now.

Construction and eco-friendly industries possess some of the fastest growing business in the country, with Steel River and Tru Earth amassing nearly 10% revenue growth each since their respective initiations a few years ago.

Challenges do remain for ambitious business owners throughout regions such as Vancouver and Toronto however and over 50% of companies across North America and the UK insist that finding skilled enough employees is a big problem. However, with both diversity, as many  internationals ply their trade in the two Canadian hubs, and specialization, as well as drive, of foreign imports here means there is no better time than now to attract some top talent to your new business here.

Why would I need a business plan?

It's not only startup gurus and master entrepreneurs who require expert business plans to convince budding investors of their worth and achieve success.

If you..

●      Work freelance, in any particular skill;

●      Wish to branch off a franchise business;

●      Or seek to partner with an existing firm in the country,

A perfectly crafted and refined business plan is exactly what you need.

But, I’m not from Canada. What’s in it for me?

You should be fundamentally aware that up to a third of all entrepreneurs throughout Canada are immigrants, because of how well valued they are and their telling and proven contributions to the national, and global economy ensures their rightful settlement here.

And this means, crucially, that they are duly accommodated, if their business is up to scratch and deemed viable to go to market and have investors support them.

So, if you are indeed from another country and are looking to set up shop in Vancouver or Toronto, you’re in good company! Services such as the Canadian Start-Up Visa Program are tailored to help you along the way and set you up with citizenship.

If you are looking to make a breakthrough in any leading market, such as tourism, technology, life sciences, space tech, fin tech, or construction, you should look to formulate your business plan and consider Vancouver or Toronto, in particular, as options.

So, you’ve realized the unlimited potential that these big cities represent in platforming and soaring your new shiny business to new heights..

But, one big key thing remains.

Your business plan is what separates you from the competition, shows investors and banks that you mean business, and most importantly, is an active demonstration to yourself and your team that you are viable candidates to take your desired market by storm!

It is estimated that only 10% of startups actually succeed, so your business plan, and your philosophy, better live up to your beliefs.

So, what do I include in my business plan?

Well, as far as business plans go, most will need to follow a similar blueprint. This is because over the years, there has been a refinement in what is required to appeal to new investors, standards have been upped with the due increases in funding to new businesses and startups in Canada, and this stays pretty much the same across all industries.

The key elements of a winning plan are comprised of:

●      Executive Summary: Should be a couple of pages, giving an overview of the structure of your business, management network, target market, financial insight and estimated projections for the coming years.

●      Business Philosophy: Include your mission statement here, your ideas for expanding your business, your company culture.

●      Products and Services: What do you offer, and what differentiates you from the competition?

●      Industry Analysis: Show you have conducted ample research into competitors, on gaps to exploit in the market

●      Marketing: A rundown of strategy in going to market, networks, contacts, prospective firms working with

●      Operations: Management, recruitment strategies

●      Financial Plan: This is by far the most important element of your plan. You need to go over in detail the future statements projected, monthly cash flow estimates and a full budgeting plan. Here you need to be succinct and comprehensive, and show that you have given every detail of your proposal and your future business ample attention when it comes to the finances.

Pretty daunting task, right?

We get it. Having started our own business and got the wheels in motion many years ago ourselves, we understand exactly the process involved, and the constraints that face many business owners.

Administrative work, regulations, recruitment, contacting investors, marketing, sales.. On top of that, we have to create a perfect business plan?

Well you’re in luck. Let us handle that side of things for you.

Oxbridge Content have dedicated years to perfecting the ideal balance of all of these fundamental elements, plus, our tailored, around the clock, 24/7 care means that once you’ve committed to entrusting us with helping you to platform your fantastic business, you can be assured that you are getting exactly what you want and need from us.