Canada is losing its entrepreneurs—and barely anyone is talking about it
Canada is losing its entrepreneurs—and barely anyone is talking about it
Canada is losing its entrepreneurs—and barely anyone is talking about it
Canada is losing its entrepreneurs—and barely anyone is talking about it
19 Comments
We lost them a decade ago as unaffordability skyrocketed, and supports for small businesses dwindled before being taken out back and buried during the pandemic.
Canada hates success and successful people.
As a small business owner, I can tell you that Canada is absolute bullshit for small business grants. They do absolutely fuck all to invest in any business frankly unless it’s a multi million dollar investment. Then when those companies pack up for greener pastures, they wonder why the only people that want to live here are slaves from other countries.
This country is designed for people who are already rich and their modern day slave caste
The rates for a small business loan are fucking insane still. People are leaving for a better life in other countries and this one gets choked out by the ultra rich.
I think our future is going to look more like…https://en.wikipedia.org/wiki/Georgism
I am not opposed to it.
I mean… the entrepreneurs have been talking about it but the rest of the working class is so smug towards us, its kinda of bewildering considering small businesses and startups have been the backbone of this country for many decades… Fact is, we have created a pipeline for our citizens to go from college to a government cubicle. It is ridiculous to think that 1/4 of the country works for the government and another chunk works indirectly for the government as vendors etc.
Obviously. Why would you start a business in Canada when you could move to Florida and start it there for half the cost.
Starting a business in Canada right now, so much more difficult than it needs to be and near impossible to get any good funding. Americans did that thing right and didn’t tie every dollar to unproductive asset class (housing).
If you’ve ever attended any techto kind of events, you’ll likely notice that many startups quickly relocate to states for investment opportunities.
We’re too busy talking about the 500 other issues the average person is facing
Because “Canada is losing its entrepreneurs” doesn’t make sense?
I’m self-employed and I’m about to transition into a different career because it’s just become exhausting to deal with challenge after challenge. The biggest over arching problem is that the cost of living has just risen so much. I need to make A LOT more money than I did a decade ago just to keep the lights, and my clients (other business owners) have the same problem and are cutting back on my services and replacing me with A.I.
On top of that, I’ve been seriously set back in the last couple years by things like postal strikes, as a lot of my bigger clients are American companies only pay with cheques. It’s tough when you have to wait an extra two months to get your income for the next 6 months. And I’m losing a lot of those clients now anyway because of political instability (they don’t want to hire cross border anymore.)
It’s just not worth the hassle anymore. I’d rather have a steady paycheque that I don’t have to hunt down, and benefits.
One of the downsides to living next door to the largest economy in the world.
Every country is. It’s a known trend that employee compensation has increased enough that it’s not necessary to start a business if you want to get paid more.
Everybody i know that tries to get into business fails.
Now, some fail due to bad execution. Some do due to lack of funds or a bad concept. Some just hit bad market timing.
However.. the vast majority close their doors due to taxes, overhead on rent, and lack of funding for smaller business. The only way they can compete is taking out government grants and doing tax loopholes etc regarding research, hiring, etc.
Them running a tight ship well for years usually results in the understanding that at best without massive expansion (which they lack funding for) that every year their profit will get smaller despite business going up…. so they close the doors and look for a secure job that pays the same.
Absolutely sad to see the state of small business in this country.
This feels like 2008-2011 in the US when all of the small businesses were dying because of Walmart, etc.
Entire towns gone. This is not a good thing.
We had a chance to raise issues such as this during the most recent federal election.
All we talked about was mines and oil pipelines.
I didn’t see any leaders or media organizations talk about stopping the talent pipeline from Waterloo/UBC/UofT to Silicon Valley, or making our small businesses more competitive. They only talked about pipelines and mines.
You could be forgiven for thinking we have a developing economy with the amount of space that natural resources consumes in our political discourse.
Canada just hates young Canadians and small business.
But there’s also a massive disincentive for Canada to invest in Canadian business.
We know that Canadian business owners are more inclined to sell or invest into American companies instead of investing in themselves or staying in Canada.