Christopher Hunter's Blog

Original article from the online blog, BCBusiness

Recently, Canada has been becoming increasingly entrepreneurial and B.C. is leading the charge. According to a study released by CIBC, nearly 500,000 Canadians released a new business in June alone. This is approximately 15 per cent of Canada’s labour force.

Not surprisingly, a big chunk of that lies in British Columbia. As well, many of these businesses in B.C. are smaller micro-businesses, meaning they have fewer than 4 employees, and 57 per cent of those micro-businesses are self-employed, or soloist. The B.C. government’s resource site says that as of 2011, there were 84.2 micro-businesses per 1,000 people. This works out to be the highest ratio in the country. So why are there so many micro-businesses in British Colombia?

While reading blog posted on BCBusiness, I could immediately tell that the writer’s opinions were congruent with mine. In B.C., we don’t have very many big businesses to employ a large amount of people. This causes people who are moving from out East to build a business according to their area of expertise. Once they get used to living a kind of lifestyle where they’re their own boss, they are less inclined to go back to the workforce unless it’s interesting enough to lead them away from their current lifestyle.

Sources:

http://www.bcbusinessonline.ca/small-business/canada-be-your-own-boss-country