2009
(Special Edition: Key Small Business Statistics)
The publication presents various statistics on the financing of Canadian small and medium-sized enterprises; these include the credit request and approval rate, the average value of loan requests and the intended use of financing. Some statistics are presented according to the demographic characteristics of the owners (e.g., women, visible minorities), by province, industry and by firm size.
This paper examines the relationship between demand, supply and importance of trade credit, and financing constraints for Canadian small and medium enterprises (SMEs).
The survey was conducted in August and September 2009. The questions focused on financing sought by small enterprises (1 to 100 employees) since August 2008. The answers refer to the 13-month period between August 2008 and September 2009.
The feature article of the November issue explores a recent study undertaken by Industry Canada to determine whether discouraged borrowers should apply for financing because they have a good chance of being approved or whether their decision not to apply for financing is optimal because they would be denied financing even if they applied for it.
This paper examines whether the financing activities and experiences of innovative small and medium-sized (SMEs) in accessing financing are different from those of non-innovative SMEs. This paper also examines whether innovative SMEs face different financing terms and conditions than non-innovative SMEs seeking financing.
This issue presents the Canadian venture capital (VC) investment and fundraising trends in Q2 2009. It also summarizes recent government initiatives related to the support of the VC industry in Canada.
The feature article of the August issue examines the performance of small businesses versus medium-sized and large businesses during economic downturns and suggests that small businesses are less adversely affected during economic recessions and economic slowdowns. An additional article cover the survival rates of venture capital backed firms versus other SMEs.
Updated sections include data on the number of businesses in Canada, job creation, earnings by business size, the number of self-employed workers, women entrepreneurs as well as innovation by business size.
This issue discusses the trends in venture capital (VC) activity during Q1 2009 and also describes the many VC programs announced by governments during that quarter. It includes an article describing a number of business start-up competitions in Canada and how they can help investment-grade small businesses.
The feature article of the May issue addresses the advantages for small and large firms of forming strategic alliances. Also included in this issue is an article on the latest data from the Office of the Superintendent of Bankruptcy, which measures the insolvency rates in Canada from the fourth quarter of 2007 to the fourth quarter of 2008.
This profile describes innovative small and medium enterprises (SMEs) along a range of characteristics and examines whether they differ from non-innovative SMEs in terms of access to financing, financing terms and conditions, and obstacles faced in accessing financing.
This year-end issue discusses Canada's venture capital (VC) activity during 2008, a year characterized by declining VC investments across nearly all regions, sectors and types of investors. The feature article highlights the findings of Canada's Venture Capital & Private Equity Association (CVCA) study of the economic impact of VC investment. The "In Focus" article discusses Manitoba's VC industry and diverse technology sectors.
The feature article of the February issue profiles financing activities of innovative small and medium-sized enterprises. Also included in this issue is an article on the latest data from the baseline Survey of Suppliers of Business Financing, which measures loan and leasing amounts outstanding to Canadian firms and losses incurred by a wide array of financial providers.
This profile compares several characteristics of borrowers under the Canada Small Business Financing Program with small businesses not using the Program. These groups are compared in terms of financing (source and type), including provincial distribution, size, industries and satisfaction with lenders, as observed in 2004.
Updated sections include data on the number of businesses in Canada, survival of small businesses, job creation and characteristics of the self-employed.
This issue discusses Canada's venture capital (VC) activity during Q3 2008. It includes an article about InNOVAcorp, a Halifax-based business incubator, and the novel concept — High Performance incubation (HPi) — that applies in supporting technology-based new ventures. An article on Toronto describes the city's technology clusters.
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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