As lockdowns and restrictions are lifted, there is a gradual opening of the Canadian economy.
Welcome to opportunity!
What sectors are most promising for immigrants in the economic recovery expected across all Canadian provinces? You may want to take more than a cursory look at the following areas:
- Retail and supply trade
COVID has made the world a more connected place. Now, you can sell anything from groceries to clothing to household items on your phone and/or a computer. It is called Dropshipping. There are two ways you can go into the business: You can sell a manufacturer’s products on your website, or you can sell homemade goods. It’s a low-risk business model. You do not bear the cost of creating or producing the products you sell, except of course, you have your own product(s). You also do not pay such overhead as accommodation or office. Most of the order processing is automated and requires nothing more than the click of a button. The advantages and opportunities are enormous and endless.
Telecommunications deals with technologies like phone systems, apps, software, and security. It is the field where you can find business executives who are more trusting of technology. Digital transformation is a trending topic that can only mean one thing: an unprecedented increase in demand for tech solutions, especially mobile and cloud-based ones. Are you part of this change? Then it’s time to join the telecommunications revolution now!
3. Media business and entertainment
Social media has evolved from being where people just catch fun, make new friends, and catch up with old ones to becoming a huge global market where anyone with adequate social media skills can become a millionaire! Learn more about it.
Social media marketing and consultancy is for natural crowd-pullers. These people don’t struggle with keeping tabs on people and issues, and often get likes, favorites and shares. If you are such a one, then you may have a career in social media marketing.
Countless businesses are looking for people to manage their social media presence, to promote their business. Approach companies with your business offering, which includes promotion of business products and services through content, customer service and relations profile management across channels. This business can be done remotely and does not require an appreciable overhead, except of course, the cost of a functional laptop.
Food business ideas come in many forms — you can enter the market as a supplier, a retailer, or if you have culinary and management skills, you may want to set up your own restaurant. If you’re not sure about the type of food business idea that’s best for you, you can consult with an expert who can guide you through this process — just keep in mind that you’ll be investing time and money in your future business.
5. Health and safety
In today’s world, safety comes first. We’ve been taught that if we don’t take care of our health and safety, the consequences can be disastrous. If you’re interested in expanding into new markets, consider providing products and services to customers who need solutions for their safety concerns — like homeowners and small businesses that want house safety services and small businesses that need packaging for their products.
6. Business solutions
There is a growing demand for business solutions in crisis management, business analysis, and risk management. More and more businesses that have been impacted by the COVID are looking for real-time engagement with their customers. If you have experience in any of these areas, now may be the time to take advantage of this growing opportunity.
“As we move into the next phase, now is the time for businesses to seek out and seize the opportunities emerging in the recovery.”– pwc
7. Cleaning and disinfection services.
These go beyond floors to surfaces of any size. If you can have the cleanest and most hygienic home, then why not take your skills to a commercial property or a business? Cleaning is always in demand but cleaning a place that is considered especially dirty or has been abandoned (like a construction site) can be very rewarding. Concentrate on your strengths and market yourself as a specialist, so you can be attractive to your potential clients.
8. Delivery services.
With the advent of online shopping, our reliance on delivery services has skyrocketed. From everyday essentials to new experiences, delivery services are here to stay. Consumers want convenience and speed, and businesses can’t afford to ignore this trend — specifically, brands should be striving for complete omnichannel integration with their e-commerce site, Facebook page, etc. It’s becoming more and more common to have meals delivered to your door, which means you’ll be able to focus more on the things you love whether you’re at home or on the go. For many, the fear of venturing outside fosters an increased reliance on delivery services. But why not capitalize on this market and develop your own niche delivery service, to receive more business?
COVID allowed many enterprising immigrant entrepreneurs to see the potential of starting a business. It has revealed different options for people who are looking to start their own business. The resources outlined in this article can be used as a guide for anyone who is interested in starting a business.
Written by Yinka Bakare.