Survey on chasing business dreams

More than half of all Canadians are entrepreneurs at heart and have thought of owning their own business…

More than half of Canadians (57 per cent) are entrepreneurs at heart and have thought of owning their own business, according to a recent RBC Small Business survey.

While one-third (36 per cent) of Canadians who have thought of owning a business have actually started one, 84 per cent of those who have not started a business say they would rather work for themselves than for someone else.

“Entrepreneurs play a key role in our economy by creating jobs, stimulating growth and encouraging innovation and creativity,”said Sarah Adams, vice-president, Small Business, RBC.

For those who have not started their own business, the following were cited as top barriers:

• No capital/start-up money, 44 per cent

• Need steady/reliable income, 38 per cent

• Fear of failure, 29 per cent

• Did not know how to start, 28 per cent.

The survey also found of those who started their own business, 40 per cent saved their own money; 35 per cent started small or with a side business to test the waters; 28 per cent got moral or financial support from family/friends; and 21 per cent contacted a financial institution/accountant/lawyer.

 

Just Posted

Battle of the concert bands in Lake Country

The annual Concert Band competition is held at Creekside Theatre April 24 to 26

Snoozed through the news? We’ve got you covered

Every Saturday, the Capital News will feature popular stories from the week

Immigrant finds Kelowna job market challenging

Pearl has a Master’s Degree in Finance and was able to find work through KCR

Okanagan Eats back for another year

Okanagan Eats features vendors, chef demos, and so much more. This isn’t your average food show.

Kelowna landfill flooding

The ground is soggy at the Kelowna landfill

Lt.-Gov. Guichon believes she made the right decision in last B.C. election

Outgoing Lt.-Gov Judith Guichon said her most memorable moments weren’t surrounding the election

NAFTA: Talks continue through weekend in scramble to get a deal

Foreign Affairs Minister Chrystia Freeland called negotiations ‘perpetual’

Pulp mill fined $900,000 for leaking effluent into B.C. lake

Mackenzie Pulp Mill pleaded guilty to depositing deleterious substance into water frequented by fish

B.C.’s 2-year lobbying ban starts May 1

Office of the Registrar of Lobbyists can grant exemptions from the prohibition if public interest

Horgan speaks of government’s successes to ‘friends’ at CUPE BC convention

CUPE BC president Paul Faoro said was first time a B.C. premier addressed convention in some time

Speed Skating Canada fires coach Michael Crowe after investigation

Crowe was a coach on the American team from 1983 to 1991 and again from 1999 to 2006

5 things to know about the ongoing influx of asylum seekers in Canada

Number of illegal border crossings are up this year – as RCMP, military, politicians try to combat

Salmon Arm RCMP arrest one male on child pornography charges

Search of Canoe residence leads to seizure of computers

Letter: More votes count under proportional representation

Under proportional representation nearly all votes count

Most Read