Creating a source of constant and satisfactory income is a major concern for many individuals. Taking the first step, though, is the hardest part of Entrepreneurship and lack of sufficient knowledge considers as the main reason why many people do not start their entrepreneurial journey. In this Article, you will find how we, at DruckerPro International, can support you to start and develop your business in Canada.
Start Your Business in Canada
There are three distinct strategies to follow if you want to run your business in Canada. You can start your own brand from scratch, buy an existing business, or get a franchisee offer from Canadian or global franchisors to operate as a franchisee.
Start Your Own Brand from Scratch — If you’d like to start your own company in Canada, we can support you to choose the right business type that fits your mission, either sole proprietorship, general partnership, or corporation. In addition, we will help you to prepare your Business Plan, Market Research, 2 to 5 years financial projections, finding a location, etc. Finally, we help you to finance your Startup business from financial institutions or government funding to meet your business objectives.
Buy a Business — You might think of saving more time and capital by investing in purchasing a business. In this case, DruckerPro’s Business and Financial Analysts will support you for Financial Appraisals and Valuations and preparing Business Reports on how healthy the financials are. As we are the official members of International Business Brokers Association (IBBA) and having Certified Business Intermediaries (CBIs) on board, we can offer you our Active Business Listings to buy. Eventually, we can support you to finance your business purchasing from financial institutions.
Get a Franchisee Offer — Finally, you might be interested in receiving a franchisee offer from Canadian or global franchisors. In this scenario, we will assist you with current Active Franchisee Listings and Franchisee Business Consulting. You will need to negotiate your terms with franchisors and analyze your financing options to close your deal with giant franchisors.
Develop your Existing Business
As ambitious entrepreneurs, you might desire to expand your operations as your business moves to the growth stage. This development can consist of:
Increasing Your Profitability and Sales — First and foremost, increasing your profitability and sales shall be considered. Our Marketing and Sales Analysts will help you to prepare your strategic marketing plan and use all the necessary tools to meet your sales objectives. Another aspect of development is making your business more profitable. Having a team of cost management consultants gives us confident to help you operate more profitably.
Geographic Expansion and Holding Corporate Structure — As your business grow, you probably start thinking of having more offices, stores and branches in other geographic regions. Therefore, you need to hire consultants to conduct your franchising plan, including the right locations for your new branches, and support you to finance your plan. In addition, we can assist you to create a Holding Corporate Structure for all your new corporations under one umbrella.
Digital Transformation and Adoption — To stay competitive and grow, SMEs need to adopt new digital tools. Digital transformation is the application of technology to optimize revenue, reduce cost, improve quality, and increase flexibility. DruckerPro International can support you by preparing the digital transformation plan, and it can make all the difference. The Government of Canada announced the $4 billion Canada Digital Adoption Program (#CDAP) to help get your business online, give your e-commerce presence a boost or help digitalize your business’s operations. We can also support your business to hopefully receive such governmental support and digitalize your corporation.
Manufacturing and Export Development — Many entrepreneurs might consider to be a manufacturer in Canada. If you are one of them, DruckerPro International can support you by preparing your manufacturing proposal. This plan will help you with conducting market research, necessary permits, finding a proper land that fits your production size, working capital needs, equipment and machinery, etc. Besides there are many strategies to support you finance your plan. We will present your proposal to Regional Development Agencies such as Pacifican, Canadian Manufacturers and Exporters (CME), Export Development Canada (EDC) via CanExport, in order to implement the plan. If your business idea consists of innovative concepts, we will also present your proposal to National Research Council (NRC), and Canada Industrial Research Assistant Program (IRAP) to receive any possible government funding for your plan and claim your Scientific Research and Experimental Development (SR&ED) tax incentives for your R&D division.
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