Entrepreneurs hip and immigration in North America
For three decades, immigrants and their descendants are more likely to start their own business and it is clear that this important socio-economic process helps shape their incorporation and adaptation in the Canadian society.
This leads us today to ask a fundamental question: Does the North American life model facilitate and encourage immigrants to engage in entrepreneurship or is it just an awareness of their own?
But first, what is entrepreneurship?
Jeremy Pastel, founder of VoxSun Telecom and he describes entrepreneurship in his new book ” How to blow up in business,” as “a race”; a race in which he has demonstrated endurance, hence its success ” in a record time ” as he proudly puts it.
How to succeed as an entrepreneur in the host country?
Entrepreneurship doesn’t guaranty success especially when one does not have the “winning strategies “. Jeremy Pastel reveals from his past experience that is very difficult for newcomers to find jobs in the field where they were working in their home country. In addition, some will never find the standard of living they enjoyed in their home country and others will take 3-5 years to find it. Thus, we understand where immigrants draw their strength and courage to go into the business world.
Entrepreneurship is the perfect opportunity for those who wish to try their luck in North America.
European entrepreneurship of immigrants is often described as “ethnic” or otherwise known as the “ethnic business”.
This notion is based on the essential role of community ties in the functioning of immigrant savings especially in immigrants’ access to entrepreneurship. They usually have only limited resources for occupying a relatively low position on the social ladder benefit from community resources (called ethnic resources). Their belonging to a community allows them to compensate for this handicap.
In Canada, immigrants are generally derived from a selective immigration policy introduced by the federal government. In average, they have a fairly high level of school education and thus possess strong skills to succeed in business.
In addition, Canada has simplified business start- up administrative procedures, which takes off two significant barriers when it comes to starting a business: time and money.
In conclusion if you want to immigrate to North America, know that a successful immigration is a challenge that requires energy, commitment and perseverance. Qualities necessary for any entrepreneur who want to go into business because as Jeremy concludes in his Guide for entrepreneurship: ” Success depends on several factors that few have mastered.”