50% of Canadians Thinking of Starting a Business, But Most Business Owners Say Don’t

Published on September 20, 2024

Although over half of Canadians are considering starting a business, most current business owners question whether now is a good time to become an entrepreneur, according to recent statistics. An RBC poll shows 51 percent of Canadians are thinking of launching a business, up five percentage points from 2023, according to a Sept. 18 news release. “Historically, we’ve observed strong interest across Canada in starting and owning businesses, and it’s promising to see that a significant number of Canadians in 2024 are aspiring entrepreneurs,” said Don Ludlow, the bank’s vice president of small business, partnerships, and strategy. The results show that Canadians are looking for ways to “gradually transition to entrepreneurship,” Ludlow said....

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