The Business Development Bank of Canada (BDC) has celebrated entrepreneurship every year as part of BDC Small Business Week for over 40 years. This year, the event will take place October 18-24, with the slogan âForging the Way Forwardâ.
âThe coronavirus pandemic caused one of the biggest economic crises in history,â says BDC. In this unprecedented context, Canadian entrepreneurs have once again demonstrated their courage and ability to adapt. This year, for BDC Small Business Week, we are taking the time to recognize their resilience, try to understand what has changed for Canadian businesses and build for the future in these uncertain times.
According to BDC, small businesses matter in Canada, with more than 1.2 million small and medium-sized businesses in Canada. Ninety-eight percent of these businesses have fewer than 100 employees. For more details, a micro-enterprise has 1 to 4 employees, a small enterprise of 5 to 99 employees, a medium-sized enterprise of 100 to 499 employees and a large enterprise of more than 500 employees.
There are currently 863,000 small entrepreneurs in Canada, and that is growing by almost 45,000 a year. Women now represent 39% of all entrepreneurs, with men 2.3 times more likely to start a business than women.
The people most inclined to start new businesses are in the 25 to 44 age group.
You can learn more about BDC by visiting: www.bdc.ca