2010
This report investigates how entrepreneurship is supported and delivered within Canadian Higher Education Institutions. Overall, the survey revealed that Canadian higher education institutions are active in offering entrepreneurship education as well as in providing a network of practitioners to support students interested in entrepreneurship.
This issue discusses venture capital (VC) investment and fundraising activity in Canada during the third quarter of 2010, covering July through September 2010.
The feature article of the November issue discusses some of the major findings of the latest financing profile on women entrepreneurs. Following the feature story are articles on insolvency rates in Canada from 2007 and 2010 and financing activities of Canadian high growth firms in 2009.
An update of the November 2004 profile on women entrepreneurs, this profile describes the recent financing activities of small and medium-sized enterprises (SMEs) majority-owned by women in Canada. General business characteristics and financial growth performances are compared with SMEs majority-owned by men to highlight past and current gender differences.
This issue covers venture capital (VC) investment and fundraising activity in Canada during the second quarter of 2010 – during the period from April to June.
The feature article of the August issue highlights some of the findings from a recent paper released by Statistics Canada that investigates whether the job losses that occurred among employer businesses during the recent economic downturn were closely linked with the subsequent increase in self-employment. The issue also includes an article on the economic impact of the Canada Small Business Financing Program.
This paper investigates the determinants of discouragement for Canadian small and medium-sized enterprises (SMEs), regarding financing sought.
The July 2010 issue updates several sections, including data on the number of businesses in Canada, job creation, earnings by business size, the number of self-employed workers and the contribution of small businesses to Canada's gross domestic product.
This paper investigates the economic impact of the Canada Small Business Financing Program (CSBFP) by using the 2004 edition of the Survey on Financing of Small and Medium Enterprises. Based on this analysis, the CSBFP contributed to approximately 10 percentage point growth in salary, employment and revenues of its participants between 2004 and 2006.
This issue discusses venture capital (VC) investment and fundraising activity in Canada during the first quarter of 2010. It also describes recent federal and provincial government measures that support VC. Finally, it includes an article on the many entrepreneurship boot camps in Canada that help develop innovative start-ups.
The feature article of the May issue highlights some of the findings from a recent survey that quantifies the extent of the paperwork burden on the competitiveness of small and medium-sized businesses in Canada.
The feature article of the February issue explores the state of entrepreneurship in Canada by comparing Canada and the United States using such measures as business birth and death rates, survival rates, and the presence of high-growth firms and gazelles. A second feature article presents findings from a recent survey on the presence of entrepreneurship education across Canadian universities and colleges.
This report charts entrepreneurial activity in Canada over time and compares it with leading countries. Entrepreneurial performance indicators observed include: birth and death rates, survival rates, high-growth firms and gazelles, and research and development expenditures.
Special edition of Key Small Business Statistics
The publication examines the distribution of all Canadian firms according to their growth rate (positive or negative) in terms of employment and revenue. An analysis by firm size and industry, as well as employment created and revenue generated by firms is also included.
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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