Canadian Startup Boom
Filed in archive Startup on July 27, 2006
According to CA Magazine there is a boom in Canadian Business Startups
For example the 55-and-over age group now accounts for 15% of total startups, compared to 11% in 1990. The self-employment boom seems to have been fueled by new entrepreneurs choosing self-employment as opposed to looking for a job. Lifestyle considerations i.e. caring for children were, motivating factors by one in five startups and among established businesses (non-startups), the percentage of female entrepreneurs rose from 27% to 33%. This suggests that when women decide to start a business, their survival rates are higher on average.
Western Canada Leads the Way in Startups
While newly formed small businesses in British Columbia rose by almost 8% over the past two years. Alberta is close behind (almost 6%), with a concentration of startups in business services.
Permalink: Canadian Startup Boom
Tags: alberta british columbia startups startup canada business canadian+startup
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Small Business Trends
Canada is experiencing a boom in business startups, and guess what demographic is the fastest growing?
The over-55 Baby Boomer crowd. And they are better educated than ever before, too:
New entrepreneurs are both more educated and older than in the...
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