October 2024 Poll

Being interested in starting THE business is different from actually doing that. The cost of establishing and marketing is high and if you add to this the legal bureaucracy and cost of running it the realty looks blurry.

By krystyna on October 23, 2024

I am in the minority here. I absolutely disagree. I feel the general consensus is that entrepreneurs work too hard for too little with the added bonus of having to deal with CRA. I am a serial entrepreneur and my children will never work for themselves. It is true that many are seeking a side hustle or ways to make a little extra money to keep up with inflation, but there has got to be a bit more before this is a business.

By Holly Atwood on October 16, 2024

Yes.  As tax and business consultant, I am receiving more request from Canadians who already have a full-time job, to want to supplement their income with their own business.    Usually it is in the same area of expertise that they are currently working in.  The idea that I am hearing is that those clients eventually want to go on their own, without having an employer to contend with, and of course want to have more liberty and pursue opportunities that better suit their wants and needs.

On another note:  many clients also want to start their own business to supplement their current employment income which no longer is capable to provide them with the lifestyle they were accustom to prior to the significant increases in the cost of living we are currently witnessing.    Starting their own business (most want a home-based business) can help alleviate the current financial stress they are experiencing these days and can be a doorway to better living.

By Gaetan Ladouceur on October 16, 2024

I believe that people think this is a good idea to make money, however
in order to make money you must work very hard, and sometimes long hours.

By SUSAN Y MACKIE on October 09, 2024

I think that more people are looking to supplement their incomes due to the higher living costs.

By Tammy Machan on October 03, 2024

Yes I think there are more people who want to start a business. somehow we need to get the message out that it is not just as simple as having limited capital and signing up for an accounting software.

By Sandra Gibbs on October 02, 2024

I think that more Canadians are thinking about starting their own business because there is an issue securing regular employment.  If one cannot find a job, then try to create one.  Also, younger adults are rejecting the traditional format of work weeks and hours, etc., and believe they can better manage home/ work responsibilities if they are the boss.  Sadly, a lot of these folks do not have the expertise to run a company and may run into difficulties. That’s where I come in :)

By Robert on October 02, 2024