Are you are interested in learning more about the characteristics of Canadian entrepreneurs including those that are self employed, managing micro businesses (1-4 employees) or small businesses (5-100 employees)?
If so, check a report published by Industry Canada titled "The State of Entrepreneurship in Canada" (February 2010) because it details how business ownership is changing among Canadians.
Some Highights Of This Report Include:
- Over the ten-year period from 1997 to 2007, Canadian business owners have higher education levels.
- Over the period 2004 to 2007, aboriginal persons, people from visible minorities and recent immigrants have become the majority owners of a larger proportion of Canadian SMEs.
- Canadian SME owners with larger businesses tend to be wealthier.
- Three-quarters of Canadian SME owners started their business from scratch, rather than acquiring it from a family member or from someone outside their family
- Approximately 85 percent of manufacturing firms in Canada and the U.S. survived through their first year.
- The survival rate of Canadian service firms (85 percent) is higher than that for service firms in the U.S. (78 percent).
PHOTO CREDIT: Photo O Canada created by jurveston on Sept 9, 2006, available under a Creative Commons Attribution license. Last viewed on Nov 10, 2010.