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.
To me, it seems like the article is making it sound as though becoming an entrepreneur is very easy. However, like we learned in class, it is nowhere near easy. They have to be able to take huge risks and the initial operating costs could be quite high. Also, although Ontario and Quebec are more industry related in terms of careers, it could be in relation to their large population compared to the western provinces. With more people in a province, there is less room for new entrepreneurs.
ReplyDeleteI have to agree to this article that West Canada has a better business opportunity comparing to East Canada. The reason is being West Canada, we have more known for our nature which allows a lot of tourists to come. Benjamin Dalziel and Joseph Fecciola are smart to make a touring company near Whistler. At Whistler, there are many tourists who like to take tours.
ReplyDeleteI think it's true that opening a business in Western Canada will result in greater success because of the cities within the region and the high population rate. Western Canada tends to have more tourists throughout the year which results it being a busy commercial area. With a large population of consumers, and a good location, what else do you need for your business to flourish?
ReplyDeleteYou're Set!