4 Alberta Business Plan Tips for the Owner Operator Program
Alberta is often an overlooked province in terms of Canadian immigration. Despite Ontario and British Columbia being more popular, Alberta actually has some great advantages such as favorable tax rates, a low cost of living, and a very busy-friendly environment. One of the popular entrepreneurial business paths is the owner operator program. If you need an Alberta Business Plan for the owner operator program, these tips should help ensure you are well on your way to case success. ¡
Discuss Your Personal Financials
In general, you don’t usually go into great depth on your personal financials in a business plan. However, when it comes to your Alberta business plan for the owner operator program you should. There are certain net worth and other personal financial requirements for a successful immigration case under this program. Although you will likely submit additional documentation specifically addressing this, the business plan is a great place to include it again to resolidify the point.
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Detail Your Role & Background
One of the main requirements for the Owner Operator Program is that your role is imperative to the business’s success. In your Alberta business plan you should very clearly outline and describe your role. You want to go as far as listing what type of decisions for which you will have final say. You should also include a detailed biography and background so there is no question that you have the necessary skills and experience and are capable of doing the job well. This section is usually found in all business plans but because your immigration case relies so heavily on it, you may want to emphasize it more than you would in a regular plan. ·
Industry Matters
If you want to increase your chances of a successful immigration case, you should choose a business in a key sector or try to tie your business into one. Alberta’s key sectors include energy & cleantech, financial services, petrochemicals, agriculture, aviation and logistics, technology and data, and tourism. Don’t be afraid to mention in your Alberta Business Plan that your business is in (or adjacent to) one of these key sectors. It will only help your chances. ·
Emphasize Importance to Alberta
Inherent in the overall immigration system in Canada is the notion that immigration is good as long as it is benefiting the country overall. While this is not so easy to quantify in all immigration paths, it usually is in employment and business paths like the owner operator program. You want to make sure that your Alberta business plan makes it very clear how your involvement in the specific business will benefit the province and the country overall. This will include things like increasing the company’s bottom line and creating jobs for existing Canadian residents and citizens.
Depending on your business this may also be cultural benefits as well. At the end of the day, your Alberta business plan is just a business plan. However, because it is for the Owner Operator Program and will be part of an immigration case, there are specific aspects that require careful consideration. The tips above should help you write an excellent business plan that will make your immigration case as strong as possible.