Chinese immigrants in Toronto, Canada do small business ? What are the common forms of small business? ? New immigrants face a variety of business opportunities after coming to Canada. As far as the Greater Toronto Area is concerned, there are five common forms of small businesses: ? A. Catering? Coffee shops, Chinese restaurants, Western fast food, bars, tea rooms, etc.? B. Service industries? Beauty, manicure, hair salons, travel agencies, Laundry, etc.? C. Technology? Computers, web design, network services, etc.? D. Education? Chinese classes, math, physics and chemistry tutoring, English tutoring (TOFEL, GRE, IELTS), summer camps, etc.? E. Retail and wholesale? Small commodities Import and export wholesale, small commodity retail, such as convenience stores, dollar stores, etc.? What is the current market price? ? Depending on the type and location of the business, and the quality of the business, the price of the business is also very different. The prices of common small businesses such as convenience stores, bars, fast food restaurants, and coffee shops range from 10,000 to 20,000 to 10,000 to 200,000. Generally speaking, buying a small business plus working capital usually requires an investment of 20,000 to 30,000 yuan. ?What is the difference in return on investment? ?The level of return depends on the type of business, market conditions and the quality of the operation. Some businesses are more profitable, such as restaurants, bars, and convenience stores. A well-run small convenience store can earn 2,000 to 3,000 yuan a month and recover the investment within one or two years. ? Which ones are more suitable for new immigrants? ? Since most new immigrants are limited by English, experience, capital and information, immigration experts believe that catering coffee shops and fast food; retail and wholesale convenience stores and dollar stores are more suitable for new immigrants. ; Service industries such as beauty, manicure, hair salon, and educational mathematics, physics and chemistry tutoring, etc. The common features of these businesses are that they do not require much English, require low investment, are easy to manage, and are suitable for family operations. But we should also consider some disadvantages, such as long working hours, monotony, difficulty in taking care of family life, etc. ? How to choose a small business? ? Immigration experts believe that there are three points to consider. ?A. First of all, we should try our best to make use of our domestic expertise. For example, computer science and technology personnel can do web design, network services, etc., and teachers can do math, physics and chemistry tutoring, training classes, etc. ? B. Second, you must act within your capabilities and determine a main direction of attack, such as a coffee shop, taking into account your own financial capacity and time schedule. ? C. Third, we must conduct market research carefully. Immigration experts believe that the best market research is to experience it yourself, such as going to work in a coffee shop first. ? What policies and regulations do you need to know when investing in a small business? ? There are many policies and regulations involved in small business transactions. Be sure to consult relevant professionals, such as lawyers and accountants. There are mainly the following 6 aspects: ? A. Government-approved uses ? Every property has government-approved uses. You must find out clearly through a lawyer or go to the local government in person. ? B. Environmental protection requirements? The nature of some businesses may cause pollution to the environment, and the government control is very strict, such as car repairs, restaurants, etc. Pollution treatment equipment such as waste oil recycling systems must comply with relevant regulations. The government will regularly visit examine. ? C. Tax requirements - You must consult an accountant when it comes to tax returns for small businesses to maximize legal tax savings. D. Insurance requirements - There are two main aspects of insurance for small businesses. One is property insurance, which is usually the responsibility of the landlord. The other is business insurance, which is the responsibility of the business owner. E. Mortgage requirements ? Loan requirements for small businesses are different from those for housing loans. Generally speaking, the requirements are stricter, the interest rates are higher, and the loan ratio provided is lower than that of home loans. Those who need a loan are advised to consult banks and government agencies in advance. ? F. Various By-Laws ? Such as the requirements of chain stores and the requirements of shopping malls/property management departments. ? The geographical location for doing business? A. Downtown Toronto? B. Scarborough District, especially along the main transportation lines of Finch, Steels, and Sheppard? C. Along Yonge Street, which is also the golden line of Toronto? These locations The biggest similarities are that the Chinese population is relatively concentrated, the transportation is relatively convenient, and the real estate value-added prospects are relatively good, so it is more suitable for new immigrants to start small businesses.