Since 2015, the rate of business closures in Canada has fluctuated, with significant increases during periods of economic disruption, particularly the COVID-19 pandemic. Between 2015 and 2019, the average monthly business closure rate was around 4.6%, but this spiked to over 7% in 2020 due to the pandemic. More recently, in 2024, the closure rate … Read more
As the Canadian workforce continues to evolve, gig work, freelancing, and contract work have become increasingly prominent. These forms of employment are now a significant part of the labor market, influencing how businesses operate and how individuals navigate their careers. Meanwhile, the rise of business ecosystems like the Wayfinders Business Co-operative offers new opportunities for gig workers and small businesses to thrive in this changing landscape.
The landscape of small business in the United States has undergone significant changes over the past few decades, with a marked decline in new business formations and overall economic dynamism. Several studies and reports, including those from the Brookings Institution, the Kauffman Foundation, the Economic Innovation Group, and the U.S. Census Bureau, have detailed these trends. For Canadian small business owners, understanding these findings can provide valuable insights and cautionary lessons to navigate similar challenges in our own economy.
In today’s dynamic and competitive business landscape, small businesses face a myriad of challenges and uncertainties. From changing consumer preferences to evolving market trends and regulatory complexities, navigating the complexities of the marketplace can be daunting. This is where market intelligence comes into play – offering invaluable insights and strategic guidance to help small businesses thrive and succeed.
By leveraging actionable insights and strategic recommendations outlined in this Market Intelligence Report, small businesses operating in the independent construction and trades sector in Canada can navigate market complexities, seize growth opportunities, and achieve long-term success in the dynamic construction industry landscape.
By leveraging the insights and recommendations outlined in this Market Intelligence Report, small businesses operating in the independent education and training sector in Canada can capitalize on growth opportunities, address market challenges, and position themselves for success in a rapidly evolving learning landscape.
By leveraging actionable insights and strategic recommendations outlined in this Market Intelligence Report, independent farmers and businesses in the agriculture and farming sector in Canada can navigate market complexities, seize growth opportunities, and achieve long-term success in a competitive marketplace.
By leveraging actionable insights and strategic recommendations outlined in this Market Intelligence Report, small businesses operating in the independent food and beverage sector in Canada can navigate market complexities, seize growth opportunities, and achieve long-term success in the culinary landscape.
By leveraging actionable insights and strategic recommendations outlined in this Market Intelligence Report, small businesses operating in the independent imports and exports sector in Canada can navigate market complexities, seize growth opportunities, and achieve long-term success in the global marketplace.
The independent arts and crafts sector in Canada encompasses a diverse range of creative activities, products, and services produced by independent artists, artisans, designers, and makers.
