2011
This profile provides a descriptive overview of SMEs in tourism industries and examines their differences compared with SMEs in non-tourism industries in terms of business and owner characteristics, access to financing, financing terms and conditions and obstacles to business growth.
The feature article of the November issue of the Small Business Quarterly, indicates that recovery in the lending market is taking hold. Using data from a recent survey of small businesses conducted for Industry Canada, this article highlights that both debt financing request rates and debt financing approval rates have increased from 2009 to 2010.
The Credit Conditions Survey was conducted in May and June 2011. The questions were fact-based and focused on financing sought by small enterprises (1 to 99 employees) during the 2010 calendar year.
This issue discusses venture capital (VC) investment and fundraising activity in Canada during the second quarter of 2011. It also describes recent government activity by the Business Development Bank of Canada (BDC) and provincial governments in support of VC.
The feature article of the August issue, discusses private sector employment trends by business size during and after the recession. Following the feature story is an article on trends in business lending from 2000 to 2010.
The July 2011 issue updates several sections, including data on the number of businesses in Canada, job creation, firm survival, share of high-growth firms, earnings by business size, the number of self-employed workers as well as the contribution of small businesses to Canada's gross domestic product and to exports.
This issue discusses venture capital (VC) investment and fundraising activity in Canada during the first quarter of 2011. It also describes recent federal activity in support of VC.
(Special edition of Key Small Business Statistics)
Includes key statistics on small business exports and profile of SME exporters, their financing activities and perceived obstacles to growth.
Survey of Suppliers of Business Financing - 2009 and 2010
As the development of a new program continues, a shorter version of the survey was administered to a smaller number of units for the collection of 2009 and 2010 data.
The feature article of the May issue discusses some of the major findings of the Financing Profiles: Small and Medium-Sized Enterprises in Tourism Industries. Following the feature story is an article that highlights the top export destinations of Canadian small businesses in 2009.
This report is based on 14 case studies of individuals who have been working for large companies and who have decided to launch their own companies at midpoint in their career.
The feature article of the February issue highlights some of the findings from the Survey of Regulatory Compliance Costs. Following the feature story is an article that discusses the findings of an entrepreneurship report recently released by the Business Development Bank of Canada (BDC).
This year-end issue covers venture capital investment and fundraising activity in Canada over the whole of 2010. It also summarizes recent government initiatives related to supporting the Canadian VC industry, including the announcement of federal funding for five new Canadian Centres of Excellence for Commercialization and Research.
There are just over one million small businesses in Canada that have employees.
Source: Key Small Business Statistics
98 percent of businesses in Canada have fewer than 100 employees.
Source: Key Small Business Statistics
Between 2002 and 2008, 100,000 new small businesses, on average, were created in Canada each year.
Source: Key Small Business Statistics
Small businesses contribute slightly more than 30 percent to Canada's GDP.
Source: Key Small Business Statistics
Small businesses employ about 5 million individuals in Canada, or 48 percent of the total employment in the private sector.
Source: Key Small Business Statistics
Roughly 21 percent of small businesses operate in Canadian goods-producing industries; the remaining 79 percent operate in service industries.
Source: Key Small Business Statistics
About 86 percent of Canadian exporters were small businesses. In 2010, small businesses were responsible for $77 billion, or about 25 percent of Canada's total value, of exports.
Source: Key Small Business Statistics
The birth rate of Canadian firms has consistently been higher than the death rate.
Source: The State of Entrepreneurship
Just over half of Canadian businesses survive their first five years of operation.
Source: The State of Entrepreneurship
Canada's business survival rate compares favourably with other countries.
Source: The State of Entrepreneurship
Roughly 1 in 15 working Canadians owns an incorporated business.
Source: The State of Entrepreneurship
In 2007, 41 percent of all SME owners were between 30 and 49 years old.
Source: Profile of Mid-Career Entrepreneurs: Career trade-offs and income appropriation of high human capital individuals
The educational achievement of mid-career entrepreneurs is significantly higher than that of all Canadian business owners.
Source: Profile of Mid-Career Entrepreneurs: Career trade-offs and income appropriation of high human capital individuals
The two primary motivators for the decision to engage in an entrepreneurial venture at a midpoint of one's career were potential financial gain and work-life balance.
Source: Profile of Mid-Career Entrepreneurs: Career trade-offs and income appropriation of high human capital individuals
Prior industry knowledge is a major contributing factor to entrepreneurial success: 86 percent of respondents indicate that their former experience was the most significant factor in their success as an entrepreneur.
Source: Profile of Mid-Career Entrepreneurs: Career trade-offs and income appropriation of high human capital individuals
In 2011, the number of employer businesses was 1.1 million.
Source: Key Small Business Statistics
In 2010, the debt financing request rate reached 18% with an 88% approval rate.
Source: Credit Condition Survey
Close to 48 percent of survey Canadian universities and colleges funded entrepreneurship activities with short-term/project funding (1-2 year commitment).
Source: The Teaching and Practise of Entrepreneurship within Canadian Higher Education Institutions
46 percent of SMEs in Canada were owned by at least one women in 2007.
Source: Financing Profile: Women Entrepreneurs
Only 4 percent of SMEs in Canada invest more than 20 percent of total investment expenditure on R&D.
Source: Small Business Quarterly - November 2011
In 2007, 9 percent of SMEs exported goods and services.
Source: Canadian Small Business Exporters, Special Edition: Key Small Business Statistics
The likelihood of exporting increases with business size (number of employees) but export intensity (percentage of revenues derived from exporting) does not.
Source: Canadian Small Business Exporters, Special Edition: Key Small Business Statistics
SMEs in tourism industries accounted for 8% of SMEs in Canada in 2007.
Source: Financing Profile: Small and Medium-sized Enterprises in Tourism Industries
Small businesses in the private sector were affected most by the 2008-2009 recession in terms of total jobs lost but they were the first to recover their losses three quarters after the trough.
Source: Small Business Quarterly - February 2012
Time spent by SMEs in 2008 complying with key government regulations: 10.4 million hours.
Source: Analysis of Regulatory Compliance Costs: Part II – Paperwork time burden, costs of paperwork compliance and paperwork simplification
Adjusted real costs born by SMEs complying with key government regulations decreased 2.8 percent between 2005 and 2008.
Source: Analysis of Regulatory Compliance Costs: Part II – Paperwork time burden, costs of paperwork compliance and paperwork simplification
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