Seize The Opportunity For Small Business
**This infograph was brought to you by the Business Development Bank of Canada (BDC). The opinions expressed herein are those of the author and are not indicative of the opinions or positions of the BDC. For additional smallbiz tips and advice, visit bdc.ca or follow BDC on Facebook and Twitter.**
Opportunity comes in many different sizes, shapes and packages. For me, I had my start as a business owner because an opportunity came my way. I had done some sub-contracting regarding homestay placement work, when someone who had started a homestay company approached me about buying her small business.
She had started the business as a side thing to occupy her time and make some extra cash. I saw the opportunity to take what she had started and grow it to be a major competitor in the homestay market in Metro Vancouver and provide income for my family.
There are many factors that come into play that keep my entrepreneurial spirit alive. The first is growth. I have a constant desire to see my business grow. I am always looking for new ways to service clients or new markets to tap into.
The next is that I am a leader. I love to be able to lead others and provide opportunities for them, to grow and develop both personally and professionally. I love to bring together a team to accomplish a goal and be able to utilize each person’s unique skill sets.
This is also one of the major ways that small businesses contribute to the economy – by supplying jobs. Small businesses contribute to the gross domestic product nationally but they also provide growth and innovation to their respective communities. They are the building blocks for larger corporations. Microsoft, Google and Facebook all started small.
To celebrate BDC Small Business Week, the Business Development Bank of Canada released an infographic with incredible small business stats such as:
• one in 10 Canadians own a small business
• over a third of small and medium-sized businesses are led by women
• 70% of young entrepreneurs identified access to financing as key to their growth
The full infograph is below.
My advice for the next generation of entrepreneurs is to learn all you can about your passion, your skills, and business happening around you and then seize every opportunity you can!
The Business Development Bank of Canada is the only bank exclusively dedicated to entrepreneurs. From over 100 offices across the country, BDC helps more than 28,000 small and medium-sized businesses reach their full potential by providing financing, subordinate financing, venture capital and consulting services (www.bdc.ca)