Start-ups and Small Business Issues
As of December 2015, there were 1.17 million employer businesses in Canada. Of these, 1.14 million (97.9%) businesses were small businesses, 21,415 (1.8%) were medium-sized businesses and 2,933 (0.3%) were large enterprises. Western Canada has a robust and growing small business community led by British Columbia, which had 176,014 small businesses as of December 2015. Small businesses and start-ups, no matter what sector they fall into, typically deal with the same or similar issues. With thousands of businesses entering and exiting the marketplace every year, this edition of BarTalk gives the reader a flavor of some of the issues that many small businesses encounter early on or during their small business lifespan.*
* All statistics were from Key Small Business Statistics – June 2016 edition – Government of Canada (Innovation, Science, Economic Development Canada).
