Dear Tech Community,
I will be landing soon in Canada as an immigrant and will be taking around 100,000.00 Canadian dollars with me (My whole life's savings).
I have 18 years of experience in providing advanced level tech support, mostly Windows environment (Can also work on Unix/Linux a bit). Have also worked in Dell USA for 5 years in their Enterprise Expert Center (4 years ago, then returned back to my home country)
Now looking at the job market in Canada, it seems nearly impossible to get a good job there, so I am thinking about starting my own business as "Freelance IT Consultant" but this profession don't need that much investment.
So what to do with my money, just put it in a saving account or buy mutual funds?
Do you guys have any other ideas where I can utilize both my money and knowledge/experience to start a different kind of business and make my life easier/better?
Edit: Here is the link to my resume: http://muhammadahmed.com/resume
Thanks in advance!
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Question
0
Votes
If you are an experienced tech guy and have 100,000.00 dollars with you, what would you do?
Tags:
career
Updated - 13th May 2011
Answers (9)
1
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What I'd do
Is not be an experienced tech guy anymore.
I'd pursue my music career!
I'd pursue my music career!
11th May 2011
1
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WIth that much money, you could almost get a full tank of gas!
But seriously, Where are you moving from? Canada cannot be thought of as one job market, each province (many are bigger than a good chunk of countries) has a very different job market.
I wish I could give examples but as I only live in one province, I can only say that Manitoba has a fairly high demand for programming and Developer/IT people. But a pure IT, hook up cables and make servers person, there is very little demand for that, many are losing their jobs.
We have 4 clients that share the same IT guy, who is only available part of the year, the rest of the time, he is harvesting or planting or whatever.
I wish I could give examples but as I only live in one province, I can only say that Manitoba has a fairly high demand for programming and Developer/IT people. But a pure IT, hook up cables and make servers person, there is very little demand for that, many are losing their jobs.
We have 4 clients that share the same IT guy, who is only available part of the year, the rest of the time, he is harvesting or planting or whatever.
12th May 2011
1
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Best way to make a small fortune in IT consulting
Start with a large fortune.
To be realistic, starting a small business of any sort is going to take a certain amount of capital, and building a customer base to achieve a sustainable amount of income may take a great deal of time.
Have you ever started a small business before? Have you ever worked for a small startup business? Do you know anyone who has done this?
Remember that creating, selling, and managing a 'business' requires a whole set of skills entirely unrelated to IT. You must be disciplined, a self-starter, a good salesman, and not be afraid to take rejection. If you don't have those skills, then you will spend a lot of time waiting for the phone to ring and little time doing actual IT work.
Regardless of where you are or what you do, it's simply a matter of what customers need, and who else does the same job already.
I would guess that your liquidity needs will dictate putting the money in a bank, as many mutual fund investments are not that liquid, as it's more involved redeeming shares and paying transaction and redemption fees and so forth.
To be realistic, starting a small business of any sort is going to take a certain amount of capital, and building a customer base to achieve a sustainable amount of income may take a great deal of time.
Have you ever started a small business before? Have you ever worked for a small startup business? Do you know anyone who has done this?
Remember that creating, selling, and managing a 'business' requires a whole set of skills entirely unrelated to IT. You must be disciplined, a self-starter, a good salesman, and not be afraid to take rejection. If you don't have those skills, then you will spend a lot of time waiting for the phone to ring and little time doing actual IT work.
Regardless of where you are or what you do, it's simply a matter of what customers need, and who else does the same job already.
I would guess that your liquidity needs will dictate putting the money in a bank, as many mutual fund investments are not that liquid, as it's more involved redeeming shares and paying transaction and redemption fees and so forth.
12th May 2011
Replies
Thanks for your valuable feedback!
thisisahmed
13th May 2011
0
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And probably more importantly
Why does the amount of your Life Savings change for the better?
Col
Col
12th May 2011
Replies
Indeed... He must have found $30,000 under his pillow from the Tooth Fairy.
NexS
12th May 2011
1
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Yes, you should start doing freelancing
I think with your experience, it shouldn't be tough to find good opportunities.
But firstly, you'll need to make yourself stand out from the crowd and a good way to start would be through the Internet.
There are many ways how you can offer help based on what you already know. You can try looking for tech support forums like this and help people out with tech related queries.
On top of this, you can also create a site / a blog which is targeted towards the Canadian market so that the locals there know that you're an expert in your area and they can contact you anytime for any freelancing opportunities.
Although I'm currently not getting any freelancing work yet, but through my software for enterprise blog, people get to know what I do and from time to time some opportunities arise. I'm sure you can start something up as well. All the best!
But firstly, you'll need to make yourself stand out from the crowd and a good way to start would be through the Internet.
There are many ways how you can offer help based on what you already know. You can try looking for tech support forums like this and help people out with tech related queries.
On top of this, you can also create a site / a blog which is targeted towards the Canadian market so that the locals there know that you're an expert in your area and they can contact you anytime for any freelancing opportunities.
Although I'm currently not getting any freelancing work yet, but through my software for enterprise blog, people get to know what I do and from time to time some opportunities arise. I'm sure you can start something up as well. All the best!
12th May 2011
Replies
Thanks for your valuable feedback! I like the idea of blogging!
thisisahmed
13th May 2011
1
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Canada is a very big place
Where are you landing? Every city has a different market.
I wouldn't say its impossible to get a good job here. You may find that companies shy away from hiring people without any Canadian experience - I'm not saying that is correct or a good thing, just that it happens. I know there are programs in the Toronto are specifically designed to help immigrants get experience for their resume.
For the record I have hired people with no North American experience, and I'm sure I'm not the only one.
There are many many people in Toronto who offer themselves as independant IT consultants, so there is much competition. There may not be in other markets though.
I don't know if you have your MS certs, but Microsoft has a fair size support organization here, and they have a lot of turnover as people get experience and move on. I know it sounds more like a job you'd take right out of school, but I honestly think getting Canadian IT experience at any level on your resume would be a good thing.
I wouldn't say its impossible to get a good job here. You may find that companies shy away from hiring people without any Canadian experience - I'm not saying that is correct or a good thing, just that it happens. I know there are programs in the Toronto are specifically designed to help immigrants get experience for their resume.
For the record I have hired people with no North American experience, and I'm sure I'm not the only one.
There are many many people in Toronto who offer themselves as independant IT consultants, so there is much competition. There may not be in other markets though.
I don't know if you have your MS certs, but Microsoft has a fair size support organization here, and they have a lot of turnover as people get experience and move on. I know it sounds more like a job you'd take right out of school, but I honestly think getting Canadian IT experience at any level on your resume would be a good thing.
13th May 2011
Replies
Thanks James for your valuable feedback!
Wouldn't my 5 years working in Dell USA count for North American experience?
My first destination will be GTA and my friends there have already warned me of tough competition in IT consulting
I am worried
Do you know about the market condition in Calgary/Edmonton side!
Wouldn't my 5 years working in Dell USA count for North American experience?
My first destination will be GTA and my friends there have already warned me of tough competition in IT consulting
I am worried
Do you know about the market condition in Calgary/Edmonton side!
thisisahmed
13th May 2011
0
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More comments
When you worked for Dell USA, where were you located? Was it the US? If thats the case, your should have an easier time.
I'm in the GTA too, my town has a sizable South Asian community. You could easily get a mortgage, buy life insurance, invest in the stock market, or buy a house even if you didn't speak english. My member of Parliament, and the one for the riding next door are South Asian (thats the in vogue term here).
I might suggest trying the contracting route - there are a few places that specialize in IT contractors, and that would get you some experience and help you build contacts.
Calgary and Edmonton have been very busy markets because of the oil boom. There are lots of jobs in general, not so sure about IT specifically. You will find it difficult to find housing. Calgary is farther south, and is more "head office" territory. Edmonton is closer to the tar sands at Fort McMurray, so if I had to guess, Calgary would be your best bet for IT.
Don't discount Saskatchewan, they have some oil and also potash mining (ingredient in fertilizer) and they are actively looking for people to migrate, they have had job fairs in Toronto trying to lure people out there. saskjobs.ca is a place to start.
I'm in the GTA too, my town has a sizable South Asian community. You could easily get a mortgage, buy life insurance, invest in the stock market, or buy a house even if you didn't speak english. My member of Parliament, and the one for the riding next door are South Asian (thats the in vogue term here).
I might suggest trying the contracting route - there are a few places that specialize in IT contractors, and that would get you some experience and help you build contacts.
Calgary and Edmonton have been very busy markets because of the oil boom. There are lots of jobs in general, not so sure about IT specifically. You will find it difficult to find housing. Calgary is farther south, and is more "head office" territory. Edmonton is closer to the tar sands at Fort McMurray, so if I had to guess, Calgary would be your best bet for IT.
Don't discount Saskatchewan, they have some oil and also potash mining (ingredient in fertilizer) and they are actively looking for people to migrate, they have had job fairs in Toronto trying to lure people out there. saskjobs.ca is a place to start.
Updated - 13th May 2011
Replies
By "there are a few places that specialize in IT contractors" you mean staffing services (like roberthalf.com) or something else?
Looking at how you are willing to help me, I think I should share my linkedin profile here, it is http://pk.linkedin.com/in/muhammadahmed
Looking at how you are willing to help me, I think I should share my linkedin profile here, it is http://pk.linkedin.com/in/muhammadahmed
thisisahmed
13th May 2011
As for Toronto staffing services, personally I never had luck with Robert Half when i was job searching. I met with a senior person there, was introduced by one of their clients.
Eagle Professional Resources is smaller, focussed on Toronto, and has a better reputation. Nexus System group is good, I've hired from them in the past, and I like their owners. There are hundreds of agencies, but those are ones I've enjoyed working with when I was hiring.
I checked your resume, I don't think you would have much trouble getting a job in Toronto, a little more challenging to get a good job. But sometimes mediocre jobs lead to good ones. You might invest some of that money you'd saved into courses to update your certs. Sadly some people (not me) obssess about them, and sometimes those people are in human resources departments.
Eagle Professional Resources is smaller, focussed on Toronto, and has a better reputation. Nexus System group is good, I've hired from them in the past, and I like their owners. There are hundreds of agencies, but those are ones I've enjoyed working with when I was hiring.
I checked your resume, I don't think you would have much trouble getting a job in Toronto, a little more challenging to get a good job. But sometimes mediocre jobs lead to good ones. You might invest some of that money you'd saved into courses to update your certs. Sadly some people (not me) obssess about them, and sometimes those people are in human resources departments.
JamesRL
13th May 2011
0
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Gotta be more specific
Not to sound deragatory, but when you say 18 years of experience in tech support, I hope that's not time spent asking people if their monitor is plugged in securely.
All I really mean to say is that you don't give enough information here for anyone to really identify what it is you hope to do. Working in the Enterprise Expert Center at Dell doesn't tell most people squat. What is your area(s) of expertise? Linux? Networking? Databases? Security? Disk Recovery? Who would your intended customers be? Businesses? Home PC owners? Consulting firms?
There are lots of opportunities out there, but they're not equally suited for everyone, of any experience level.
All I really mean to say is that you don't give enough information here for anyone to really identify what it is you hope to do. Working in the Enterprise Expert Center at Dell doesn't tell most people squat. What is your area(s) of expertise? Linux? Networking? Databases? Security? Disk Recovery? Who would your intended customers be? Businesses? Home PC owners? Consulting firms?
There are lots of opportunities out there, but they're not equally suited for everyone, of any experience level.
Updated - 13th May 2011
Replies
Thanks for your feedback! Now I have updated the question with the link to my resume.
thisisahmed
13th May 2011
As for your resume, I can recommend www.aneliteresume.com as a source for good information on resume writing for this market.
JamesRL
13th May 2011
0
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experienced tech guy and have 100,000.00 dollars
i would go and get the best commercial property (TO RENT IT ) or buy a farm land to cultivate crops which are in demand , in future there would be people to handle computer but few to feed PEOPLE , may be i can make another 100,000.00 dollars in that field got it
tech guy and farm,great challenges more interesting than IT
tech guy and farm,great challenges more interesting than IT
14th May 2011

































