Fraud is an ever-present risk for any business, regardless of geography. One of the biggest threats to businesses of all sizes is cybercrime. Manipulation of business-to-business payment channels has resulted in an increasingly challenging environment for business owners and controllers alike. Consider the following case study as an illustration of the threat:
During my time at Invest Buffalo Niagara, I’ve helped over 90 Canadian companies expand into Buffalo Niagara. The process includes unique challenges and motivations. One of those motivations for business owners to expand is the ease of access Buffalo Niagara provides to Canada and southern Ontario. Here’s the pitch, by the numbers.
Our lives are extensively documented on phones, laptops, and on social media. Some of this information is very personal, and a lot of travelers may wish to keep this sensitive data private. However, each time you enter the United States, regardless of your status or documentation, Customs and Border Protection (CBP) determines your admissibility to the country, and part of this determination may include searching a traveler’s electronic devices. With these types of searches becoming increasingly common, it has never been more important for individuals to know and understand their rights at the border.
Last Friday, Invest Buffalo Niagara hosted several Canadian businesses at New Era Field for the first-ever outdoor game in the history of the World Junior Hockey Championships. The matchup pitted North American rivals USA vs Canada and the game lived up to its promised hype and then some.
I have been working in the Canadian market for over 15 years. Many of the companies that I work with are manufacturers or warehouse distribution operations in the Southern Ontario area. They tend to be small to medium size companies that have some percentage of U.S. sales and are purchasing U.S. based raw materials.
When working with Canadian companies considering a Buffalo Niagara business expansion, availability, costs, and market conditions are always the primary concerns. Canadian business owners are unsure of the availability of commercial properties, average sale rates, and the current trends relating to Buffalo Niagara real estate.
.In my time with Invest Buffalo Niagara, I’ve had a chance to help 32+ Canadian companies make their way to this side of the border. Along with being part of helping the Buffalo Niagara region boom—to the tune of $706 million in investments and more than 1,600 jobs—I’ve also seen the pitfalls that Canadian business owners need to look out for. For the first in this two-part series, we’ll focus on the beginnings of due diligence: the questions you need to ask yourself when you’re looking to enter the U.S. market.