Canada Business Expansion

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Canada-The Land of Profit and Expansion
If you are looking for opportunity, incentive, professionalism, growth, profit, and educationally sound workers then Canada is the place in which you should bring your business. Canada, established by British and French colonists, became an independent domain in 1867. Located in North America, this territory is the second largest country in the world, and the largest county that borders only one country (The World Factbook, 2016). Currently Canada has a population of approximately 35 million people who predominately speak English, but speak French as well. The Canadian dollar, or the Loonie as it called is Canada’s primary currency. Currently this currency is worth $.76 when compared to a United States …show more content…

Punctuality is one of the most critical factors of conducting business in this country. Other highly regarded business etiquette factors are the exchange of business cards, being well organized, and being straight forward and honest. Catchphrases, million dollar terminologies, and buzz words are frowned upon. Upon entering the business world in Canada there are several things one should be well aware of before conducting business meetings. Punctuality is a must when conducting business in Canada. If you are going to be late it is customary that you call to give notice of your tardiness, and also give the estimated time of your arrival. When giving an approximate time of arrival, be as honest as possible. It is frowned upon if a person says he will arrive in ten minutes and his arrival time is actually 45 minutes later (Business Etiquette in Canada, 2015). As in the United States, a handshake is the most common greeting upon entering and exiting the room. The handshake should be firm and direct eye contact should be made. Oftentimes, business relationships are more reserved until both parties are more comfortable with each other. After the initial introduction, business cards are exchanged (Canada-Language, Culture, Customs, and Etiquette, 2016). Upon receiving any business card it is strongly urged that you examine the card thoroughly before putting it away. Be prepared …show more content…

The Women’s Entrepreneurship Initiative was launched in the Western provinces of Canada in 1995 (Gender, disadvantage and enterprise support - lessons from women's business centres in North America and Europe, 2013). This initiative is designed to fill service gaps, mainly at the start-up stage, and also helps develop existing businesses ran by women. The WEI also supports those business owners who may have trouble obtaining financing. The Canadian WEI centers also take pride in lending money directly to these female ran companies instead of encouraging outside financing. Due to funding mostly high-risk, no collateral clients, these loans tend to be relatively small, averaging C$25,000-C$30,000, $19,000-$24,000 in United States currency (Gender, disadvantage and enterprise support - lessons from women's business centres in North America and Europe, 2013). For those more established or larger companies, the WEI tends to enter into

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