Question

Business opportunities in Canada and America in the next decade

First of all, both Canada and the United State have English as their primary language and they are both multicultural countries. For instance, most of their citizens are immigrants from all over the world and use English as their main means of communication (Kusow, 2006). Thus, this contributes to creating favourable conditions, as well as opportunities for international investors to flock the market and grow their businesses. Secondly, Canada and the United States have a similar geographic location, both located in North America. Moreover, both countries share about 9000-kilometer long land borders (Konrad & Everitt, 2011). As a result, this enhances the trade between two countries and it is clear that the US has become Canada’s largest trading partner. Last but not least, both countries have abundant natural resources such as minerals, fossil fuels, and forest resources (Bailey et al., 1985). Therefore, it is not hard to understand why investors around the world view Canada and the US as a profitable choice: manufacturing, mining and refining minerals, and tourism.

On the other hand, Canada's nominal GDP is only 1.7 trillion dollars compared to the United States with the world's largest economy of 22 trillion dollars (Silver, 2020). Hence, the size of the US market is much larger than that of Canada. Therefore, the income and living standard in the US is undoubtedly higher. Thus, the fruit of operating a business in the United States will come easier as long as one has a clear goal and mind. Moreover, according to Statistics Canada (2018), Canada's population is significantly less than the United States. Consequently, running businesses in services like restaurants and hotels will have more potential and opportunities to grow in the United States than in Canada. Finally, Canada's trade is not as widespread as that of the United States. Thereupon, the development of American trade is also partly because of it being one of the world's largest economy. Hence, the United States is an ideal country to start businesses as well as invest in the field of foreign trade. Furthermore, the weather conditions in the US is more likable that business will not have to suffer from extreme climate. In Canada, during winter months, there are times that wide areas businesses have to shut down because of the snow. This is by no means good for the development or opportunity of growing.

Overall, there are many similarities and differences between operating a business in Canada and the United States. Operating and growing a business in the US will conspicuously bring greater success. On the other hand, starting a business in Canada will have more opportunities for investors and startups than it does in the US, for it being less competitive. Since the US market is saturating with both newly formed and developed businesses, the Canadian market is nevertheless original and offers more opportunities for young people. Thus, operating a business in the US will gain greater success but will pay a higher risk. In contrast, starting and developing a business in Canada will bear fruit as there are more opportunities in the coming decade.

Can someone help me to write an introduction and conclusion for this essay? Thank you for your time.

Answer 1

INTRODUCTION

Owing to globalization, people now can be born in one country and start a business in another. Starting a business is all about looking for an opportunity and striking at the right time when you see one. Someone living in North America may have confusion as to where he should start his business, both USA and Canada are rich countries with ample opportunities. Thinking about business, there is no way the United States of America does not come to mind. That country is an industrial powerhouse having almost all top companies in the world. But Canada does not, and that's what makes it a good consideration, less competition means faster and easier growth and a good chance of surviving during the company's infancy.

CONCLUSION

In conclusion, although the USA has a bigger market, it also has a lot of competition. In my opinion, starting a business in Canada will be a wise decision because a company will have a greater chance of surviving and when it gets mature, it can expand to the USA. Also if the leadership is not very good, they can still survive in Canada and have a chance to learn from their mistakes. There are also many investors in Canada who will jump to a good opportunity of earning money. Although the population is very small compared to the USA, that population is very concentrated and the company will face no trouble in delivering to its customer base