Pursuit of economic alternatives and way of life flexibility topped the explanations for beginning or intending to begin a enterprise; in 2021 the survey discovered that keenness was the motive force of ladies’s small enterprise desires.
Round half of respondents within the newest ballot stated that monetary alternative was the highest motivator for beginning a enterprise or side-hustle, particularly given the rising price of dwelling.
Limitations to entrepreneurship
The analysis additionally highlights the boundaries – perceived or in any other case – that Canada’s would-be enterprise house owners are going through.
Begin-up prices high the checklist though respondents tended to overestimate start-up prices by a median of 56%, whereas greater than two-thirds stated it truly price them lower than $1,000 to launch their enterprise, with 15% saying they’d no start-up prices in any respect.
Time constraints and family obligations are additionally key concerns with one in three respondents a major caregiver with youngsters underneath 18 and most saying that they do many of the family chores even when they don’t have youngsters.