? What are some common forms of small business? ?　Newcomers to Canada are faced with a variety of business opportunities. In the Greater Toronto Area, there are 5 common types of small businesses: A. Catering?　A. Catering Cafes, Chinese restaurants, western fast food, bars, tea rooms, etc. ?　B. Service Industry ? Beauty, nail salon, hair salon, travel agency, laundry, etc. ?　C. Technology ? Computer, web design, network services, etc. ?　D. Education Chinese classes, mathematics, science and chemistry tutoring, English tutoring (TOFEL, GRE, IELTS), summer camps, etc. ?　E. Retail & Wholesale Import and export wholesale of small commodities, retail of small commodities, such as convenience stores, dollar stores, etc. ? What is the current market price? ?　The price point of a business varies greatly depending on the type and location of the business, and how well it is run. Convenience stores, bars, fast food restaurants, coffee shops, and other common small businesses range from $10,000 or $20,000 to $100,000 or $200,000 in price. Generally speaking, buying a small business plus working capital usually requires a $20,000 to $30,000 investment as well. ? What's the difference in return on investment? ?　The return on investment depends on the type of business and the market situation and how well it is run. Some businesses are more profitable than others, such as restaurants, bars, and convenience stores. A well-run small convenience store can earn two to three thousand dollars a month and recover the money invested within one to two years. What are the best businesses for new immigrants? ?　Because most new immigrants are limited by English, experience, capital and information, immigration experts believe that the more suitable for new immigrants is the catering category of coffee shops, fast food; retail and wholesale convenience stores, dollar stores; service industry beauty, nail salon, hair salon, and the education category of the mathematical and physical tutoring, etc. These businesses have the same features as the other businesses. These businesses are **** the same characteristics of the English requirements are not high, less investment, easy to take care of, suitable for family business. But we also need to see some disadvantages, such as long working hours, very monotonous, not easy to take care of family life and so on.

How to choose a small business?　 How to choose a small business? How to choose a small business?　Immigration experts believe that there are 3 points to consider. ?　A. First of all, you should try to make use of your own expertise in China. For example, computer technicians can do web design, internet service, etc. Teachers can do math and science tutoring, training classes, etc. The most important thing is to make use of your own expertise in China, so that you can make use of your own expertise in China. B. Secondly, you have to make use of your own resources.　B. Secondly, you have to make use of your own strengths and consider your own financial ability and time schedule, and then decide on a main direction, such as a coffee shop. C. Thirdly, you should do your market research carefully.　C. Third, do 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 I need to know about investing in a small business? ?　



There are a lot of policies and regulations that go into buying and selling a small business, so it's important to consult with a professional, such as a lawyer or an accountant. There are six main areas of concern: A. Government Approved Uses　A. Government Approved Uses ? Every property has a government-approved use, so be sure to check with your attorney or visit your local government. B. Environmental Requirements　B. Environmental Protection Requirements ? The nature of some business may cause pollution to the environment and the government control is very strict, such as automobile repair, restaurants, etc. The equipment for pollution treatment such as waste oil recycling system must comply with the relevant regulations, and the government will come to inspect it regularly. ?　C. Tax Requirements - Small businesses should always consult an accountant for tax filing to maximize legal tax savings. ?　D. Insurance Requirements - There are two main types of insurance for a small business: property insurance, which is usually the responsibility of the landlord, and business insurance, which is the responsibility of the business owner. D. Insurance Requirements - There are two main types of insurance for small businesses.　E. Mortgage Requirements - The mortgage requirements for a small business are the same as those for a home. Mortgage requirements for a small business are not quite the same as those for a home. Generally speaking, the requirements are more stringent, the interest rates are higher, and the loan-to-value ratios are lower than those for home loans. It is advisable to check with your bank and government agencies beforehand. F. Various By-Laws　F. Various By-Laws Such as chain store requirements, shopping center/property management requirements. ?　 Location of Business ?　A. Downtown Toronto area ?　B. Scarborough area especially along Finch, Steels, Sheppard and other major transportation routes.　C. Along Yonge Street, which is also Toronto's Golden Mile.　These locations **** the same point is more concentrated Chinese, more convenient transportation, real estate value-added prospects are better, and therefore more suitable for new immigrants to start a small business.