GoDaddy Research: British Columbia is entrepreneurial epicentre of Canada
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British Columbia (BC) province is home to the highest concentration of online microbusinesses inCanada , beatingOntario , which ranks in second place, andAlberta in third - Small but mighty:
Prince Edward Island ranks above giant neighbourQuebec , and aboveManitoba andSaskatchewan . -
GoDaddy 's Venture Forward research analyses data from 770,000 Canadian online microbusinesses.
Venture Forward, GoDaddy's international research initiative that studies the economic impacts of microbusinesses and the attitudes and needs of the owners who start and run them, analyses data from 770,000 Canadian online microbusinesses (which typically employ ten people or fewer ). Every province and territory in
BC is home to the highest concentration of online microbusinesses
The research results show that
"There are other key advantages of being in BC. Small business owners can enjoy the scenery and high quality of life of living in rural areas while taking advantage of having a major city hub -
"In my view, having an online presence has been crucial to showcase my newest work and secure high-value public art commissions. My business has grown consistently over the past four years, and I hope to continue expanding it thanks to my online reach."
A healthy online microbusiness landscape across the country
The results of GoDaddy's Venture Forward research support the conclusion that the number of online microbusinesses is thriving across
A surprising online microbusiness powerhouse emerged from the rankings, with small but mighty
GoDaddy's Venture Forward research also found that online microbusinesses can bring significant return on investment for entrepreneurs. Almost three fifths (58%) of online microbusinesses in
The data further showed that more than half of the online microbusiness owners said they generated over
Young Lee, Canada Market Lead for GoDaddy, commented:
"Small business activity contributes to increased incomes and job creation across local communities GoDaddy's Venture Forward research helps to illustrate the enormous economic contribution of online small and microbusinesses to wider Canadian life and the economy. Right now,
"There are very few research studies that focus specifically on companies with under 10 employees in
NOTES
Online Microbusiness Density and Rank by
Rank |
Province |
Microbusiness Density |
1st |
|
2.852319 |
2nd |
|
2.469034 |
3rd |
|
2.093635 |
4th |
|
1.623086 |
5th |
|
1.592033 |
6th |
|
1.561452 |
7th |
|
1.324056 |
8th |
|
1.256882 |
9th |
|
1.239348 |
10th |
|
1.22378 |
11th |
|
0.97433 |
12th |
|
0.750171 |
About GoDaddy
GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a professional website, sell their products and services, and accept payments online and in-person. GoDaddy's easy-to-use tools help microbusiness owners manage everything in one place. To learn more about the company, visit www.GoDaddy.com.
About Venture Forward
Venture Forward is a multi-year research initiative, which analyses data from over 770,000 Canadian online microbusinesses. It is conducted by GoDaddy to help quantify the impact of online microbusinesses on the Canadian economy and in their local communities.
SOURCE
SOURCE GoDaddy