A version of this article was originally published at ACCES Employment
Are you thinking about leaping into entrepreneurship and self-employment?
With the right support in place, self-employment is a highly viable option for newcomers to Canada. Instead of spending 40-plus hours of your week contributing to someone else’s company, you could be using that time to create your own business—allowing you to set your schedule and make your own decisions while still generating an income.
If entrepreneurship sounds tempting, here are our top five reasons to consider giving self-employment a try.
When you’re working as an employee at someone else’s company, they decide your duties and your compensation, and they can also choose to terminate your role if they no longer think you’re the right fit for their company. As an entrepreneur, you get to make your own decisions, meaning that you can work on something you’re passionate about while also being in control of your income.
As an employee, you are typically required to work set hours. As an entrepreneur, you can balance your life in a way that’s optimal for you. If your child has a school concert on a Wednesday afternoon or a friend needs help moving on a Friday, you can decide to shift your work accordingly. This kind of flexibility is not always possible when you’re working for someone else’s company. As an entrepreneur, you can prioritize your time to better adjust your professional and personal life.
3. You Have Unlimited Earning Possibilities
When you work as an employee, your employer sets your salary. No matter how long you stay at that one job, your earning potential most likely has a set cap that you cannot exceed. As an entrepreneur, you’re in control of your earnings, and those who jump into entrepreneurship are generally well-motivated to build a profitable business.
Entrepreneurship can allow you to break many geographic barriers. Creating an online business that’s not location-specific opens borderless opportunities. You could have an unlimited customer base—plus, you can have the freedom to work from anywhere with an internet connection.
As an entrepreneur, you have the opportunity to build a business that can carry on in your family for generations, providing a positive impact for years to come. Your business may start as a quest for freedom and the ability to do what you love. Still, it may end up being very profitable and benefit your kids, your grandkids, and future generations.
ACCES Employment’s Entrepreneurship Connections® Pre-Arrival (ECP) program supports newcomers approved to move to Canada but has not yet arrived in Canada. Whether you are already an experienced entrepreneur or want to explore how entrepreneurship, including self-employment, can provide exciting opportunities to transfer your experience/ideas into starting a successful business in Canada, this program is for you.
Click this link for more information on the ECP program. https://accesemployment.ca/programs/pre-arrival-programs/entrepreneurship-connections-pre-arrival