Adapting a Business Plan for E2 to an Ontario Business Plan

Adapting a Business Plan for E2 to an Ontario Business Plan

The world has been drastically changed over the past six months. While the United States still has a great deal to offer an individual looking to immigrate as an investor and/or business owner, you may be second guessing your country of choice given events in the first half of 2020. If you were working on a Business Plan for E2 visa to immigrate to the United States but, have recently had a chance of heart, you may want to set your sights on Canada instead and adapt to an Ontario Business Plan.

Why Ontario? Well, if you were originally thinking about the U.S., you’re likely looking for a place to go with major cities and a big population. Toronto is the biggest city in the country and the economy is booming. It’s also one of the most diverse areas in the country.

There are several business and investment immigration paths to Ontario. Which option will make the most sense for you depends on the level of involvement you intended to have under your business plan for E2 visa. There is the Owner Operator LMIA, Startup-Visa, as well as the Ontario Immigration

Nominee Program (OINP). There are others but, these are among the most popular. Each will require an Ontario business plan.

So, if you’ve done up your business plan for E2 already and want to switch gears, you don’t need to completely start from scratch. The main focus of the Ontario Business Plan remains the same but, some components will need to be drastically adapted.

Evaluate Your Industry – You are likely not going to change your entire business concept but, be aware that different programs give preference to certain industries.

Market Research – Canada may be America’s upstairs neighbor but, despite the proximity, their markets are quite different. Your competition is likely to have stark variances from those in the United States.

Consumer habits and preferences will also vary significantly.

Market Plan – Based on the market research you will need to adapt your market plan to match. You may find yourself positioning your product or service differently, changing your pricing model, or redoing your entire marketing plan.

Financials – Possible changes to your business model and market will naturally impact your financial projections so this will need to be redone as well. Tax implications will also be quite different than in the States.

It is not going to be quick or easy to pivot your immigration plans. But, if you feel strongly that Canada will be a better fit and better business environment, it will be worth it.

The best way to overcome the many challenges of adapting your busines plan for E2 to an Ontario business plan is to consult a Canadian immigration professional such as an immigration lawyer or immigration consultant. They will be best suited to explain to you the process of Canadian immigration without you needing to spend days, weeks, or even months researching. Further, market research and

rewriting your business plan to appeal to Canadian authorities can be daunting and you may want to hire professional immigration business plan writers, like Joorney Canada.

Combined, these professionals will be able to help you deconstruct the elements of your Business Plan for E2 and create your Ontario business plan. In the process, they will be helping you prepare for a move to a different country than what you may have originally intended.