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BC Business Plan for Owner Operator Program

With a robust and well-organized immigration system in place, Canada offers immense opportunities for foreign entrepreneurs. If you are contemplating your options of starting & running a business in BC, Canada, the owner-operator program may be a good option. Back your credentials with a well-drafted BC Business Plan and you are on your way to being your own boss in British Columbia, Canada.

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BC Business Plan for Owner Operator Program

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  1. BC Business Plan for Owner Operator Program With a robust and well-organized immigration system in place, Canada offers immense opportunities for foreign entrepreneurs. If you are contemplating your options of starting & running a business in BC, Canada, the owner-operator program may be a good option. Back your credentials with a well-drafted BC Business Plan and you are on your way to being your own boss in British Columbia, Canada. Why Start a Business in BC? British Columbia (BC) is one of the most thriving and competitive locations in North America to start a business. Its fast growing and strong economy creates unlimited potential for running and growing a business. It offers competitive taxation and a reliable legal system to its entrepreneurs. Low cost of business set-up coupled with highly motivatedand skilled work force make BC one of the most thriving and competitive provinces. BC being a prime location with easy accessibility to global markets creates a business-friendly environment not to mention an outstanding standard of living. Therefore, the BC Government is committed to making it one of the strongest economies of North America. The Owner Operator Program is one such route that allows aspiring entrepreneurs to immigrate to BC, Canada on a work permit and establish their businesses. Owner-Operator Program in BC The owner-operator program is a two-step process in which the work permit serves as a base to apply for permanent residence. It is an ideal platform for foreign entrepreneurs focused on business growth. A well-crafted BC business plan is a mandatory document for the Owner-

  2. Operator pathway. Although the owner-operator program is not open for everyone who are seeking to invest in the existing businesses. There are certain requirements that must be fulfilled to become eligible for the program. These are – · Must be a sole-proprietor or holds the majority of the stakes to control the business. · Must be actively involved in the day-to-day operations and management of the business. · Must prove that the business will generate ample employment opportunities for Canadians/ PR. · Must highlight your business skills and good track record of running a business either as an owner or senior manager in the BC business plan. In addition to this, the recent change in the Labour Market Impact Assessment (LMIA) asks the businesses to apply for an LMIA. You must get a positive LMIA to get appointed as an owner- operator worker. The BC Business Plan The entrepreneurial journey via the owner-operator program in the BC province begins with a BC Business Plan. A healthy business plan plays a key role in executing the business operations effectively and efficiently in Canada. Therefore, it is recommended that a winning BC business plan include: · Executive Summary – Spread over the first couple of pages, executive summary provides a gist of the entire BC business plan. · Synopsis of the Organization – This section focuses on the business idea, background of the owner/ founder, management structure, the vision and mission, and goals & objectives of the business. · Product/ Services – A business idea is nothing without the products/ services it is going to offer. Therefore, it is of utmost importance to elaborate on - · USP of the products/ services · Competitive advantage against the competitors · Marketing plan to position the products/ services · How your products/ services will be beneficial for the society · Marketing Analysis – Choosing the right market for your products and services is the key to success. Therefore, conducting market research to analyse the need and want of your products and services is important. Besides this, it also gives you a clear idea of what marketing tools to be used to reach out to your target customers/ consumers successfully.

  3. · Operations – A strong BC business plan will describe the operational plan, HR plans to generate employment opportunities for locals while shedding light on your business experience. · Financial Plan – A good business plan is incomplete without a financial projection. Therefore, incorporating at least 3 years assumptions on cash flow, sales, profitability, losses and expenses is necessary. In nutshell, if you are interested in exploring the Owner Operator Program route, improve your chances of success by getting yourself an expert to write a winning BC business plan.

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