Small business entrepreneurs alive and well in the West
Summary by Cathy & Cecilia
The deveoplement of enthusiastic and optimistic entrepreneurs for their prospects, is a major reason as to why cities and regions in Western Canada continue to hold most of the top spots of the third annual FP/CFIB ranking of Canada's top 100 entrepreneurial cities. Cities from Alberta, Saskatchewan and British Columbia are nine of the top ten while Grande Prairie is in first place. The only Eastern city in the top 10 is Saint Georges, Quebec on the other hand is at ninth place. The highest ranked region in Ontario is the Greater Toronto Area which is unforturnately, at a disappointing twenty.
There are plently of openings for entrepreneurs with new ideas for taking current ideas and expanding from them. However, there are still some challenges in major industrial areas such as in Ontario and Quebec. Small firms do well, those who rely on major supply chains on the other hand, will be facing many problems. If entrepreneurs are unable to earn one million dollars within two weeks, their projects are most likely to be unsuccessful. Ontario is a disadvantage today relative to Alberta and Saskachewan because very few people will put up with how difficult it was to do start or operate business in that area. Some of the hardest-hit cities in the recession such as the auto manufacturing centre will need a culture change if they want to attract entrepreneurs. Entrepreneurs go to where the money is, therefore, it is not surprising that Western Canada shows greater success rates.
Benjamin Dalziel and Joseph Fecciola are two independant business owners who left Ontario to open up a food and wine tour business. The concept is a guided three hour walking tour that includes a four course dinner spread across four resturants. Although they are worried about many financial problems, they are motiviated to start their business in Toronto while the economy is starting to crumble. Eventually many of the high price resturants in Whistler wanted to get involved with their business tour.
