In other parts of the world, people open a business, and miraculously hope that customers will show up without any form of marketing.
This week is Small Business Week in Edmonton, October 20 – 26, 2019.
According to a BDC National Survey, two times more new Canadians are likely to start a business than Canadian born. There are more than 1.1 million small and mid-sized businesses (SME) in Canada. Together, they account for 90% of all private sector jobs and employ 10.7 million Canadians, contributing to roughly $1 trillion to Canada’s gross domestic product.
Doing business in Canada is different from in other parts of the world because of the regulations, and a host of other stuffs needed to start a business.
BDC says in 2018, about 44,700 Canadians started a business, the highest number in a decade. Also, younger Canadians are jumping into entrepreneurship in large numbers, while baby boomers, more newcomers, women, and highly educated Canadians are turning to entrepreneurship.
Most entrepreneurs start a business due to the flexibility it affords them. Others start a business due to the necessity, some the financial freedom, and others passion and interest. In a minority of cases is by accident. On October 23, 2019, Diversity Magazine stopped to talk to some newcomer entrepreneurs at a newcomer business startup session at the Edmonton Public Library, organized by Edmonton Immigrant Services Association (EISA) and the Edmonton Public Library, facilitated by Business Link’s Jean Jacques Mitakaro.
