Things a BC Business Plan and EB2 NIW Business Plan have in common

1. Things a BC Business Plan and EB2 NIW Business Plan have in common Weighing your options of moving to the Unites States or British Columba, Canada to start a business? No matter which country you choose to immigrate, having a well-written business plan is a must for the application process. Coincidently, BC Business Plan and EB2 NIW business plan have a lot in common despite both countries having completely different immigration policies. Read on to know more… EB2 National Interest Waver Business Plan Employment based second preference visa (EB2) is common amongst foreign applicants with advanced qualifications or equivalent. It is also open for aspiring businessmen worldwide who have a feasible business idea that can effectively contribute to the US economy or its people. To qualify for the EB2 visa, the applicant must have an exceptional academic record coupled with exceptional ability in the field of Science, Arts and Business resulting in a degree or certificate of expertise. In addition to this, a valid license to practice your profession along with documents acknowledging your achievements and contributions in the field is a must. Moreover, the aspirant will also need a labour certification along with a valid job letter from the employer. However, you can apply for National Interest Waiver (NIW) to waive off these requirements. To make your application strong, EB2 NIW Business Plan is a necessity as it accentuates –

2. · Comprehensive information on the proposed business venture, highlighting your business experience and achievements. · Ample job opportunities for the US nationals. · Benefits for the American citizens in terms of better remunerations and working environment. · Contribution towards the American economy such as better education for kids in the US or healthcare. Emphasizing all the points in the EB2 NIW business plan not only strengthens your case for immigration but also ensure a successful entrepreneur pathway. These are the same points that work wonder in the BC business plan as well. BC Business Plan BC being the fastest growing economy coupled with competitive tax rates and a reliable legal system offers a safe haven to its entrepreneurs. So, if you are thinking of starting your business in this province, you must meet the below-mentioned requisites. · Minimum personal net worth of CAD 600,000 · Must invest at least CAD 200,000 in the proposed business idea · Official documents proving your business experience and accomplishment as a senior manager or business owner · Proposed venture must employ one Canadian citizen/ PR on a full-time position · Have language proficiency in English or French equal to CLB 4 Besides this, a smartly drafted BC Business Plan is a must, showing how viable your business idea is to compete and thrive in BC. A healthy business plan serves as a strong base to execute business operations successfully, be it the BC business plan or EB2 NIW business plan. Therefore, it is advised to incorporate the following in a business plan to make it persuasive and effective. Executive Summary – It is a gist of the entire business plan that succinctly emphasizes the most important parts of it. Company Structure – This section outlines who and what about your business, like who are you and what do you plan to do? Product/ Services – There’s no good business idea without its products/ services. Therefore, it is imperative to highlight the Unique Selling Proposition of your products/ services, their competitive edge, and benefits for society as a whole. Marketing Plan – Conducting thorough research to estimate the market size and understand

3. the competition is vital to accordingly position your brand in the market. It also gives a clear idea of how to market your brand to reach your target base effectively. Logistics & Operational Plan – A winning business plan takes into consideration how you will implement your plans to make it a reality. These plans include the creation of new job opportunities, and suppliers to get the raw material or products from. Financial Plan – A good BC business plan or EB2 NIW business plan will live up to its expectation or not depending solely on the financial projections. Thus, integrating a minimum of three years of income statements, a balance sheet with sales, profitability, losses & expenses and cash flow is essential. In short, BC business plan and EB2 NIW Business Plan are like 2 sides of the same coin that holds the same value proposition for aspiring entrepreneurs.