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KPMG: Canadian entrepreneurship changing
October 23, 2012
By Rob Starr, Content Manager, Big4.com
A trend of female home-based entrepreneurs is emerging in Canada. Statistics Canada reports there were 951,600 self-employed women in Canada as of July 2012, up from 790,400 10 years ago. Self-employment in Canada has grown as fast among women as it has among men in the past 20 years. Even more recently in times of economic uncertainty, the rate of self-employed women has grown faster than men. In 2009, a year of downturn for the labour market, the number of self-employed women rose 5.4 per cent from the year before, while the number of female employees overall fell 1.1 per cent.
KPMG Enterprise identifies key challenges and recommendations for women entrepreneurs as they establish and expand their businesses including managing cash very closely and reduce the need for cash when re-financing. Step up your cash collection and closely monitor credit worthiness of both customers and suppliers. Get counsel from professionals that understand the small business landscape. Build a strong relationship with your banker. There is long term value in keeping your banker informed and engaged in your business goals and objectives.
KPMG Enterprise business advisers are devoted exclusively to helping private company owners and entrepreneurs build strong successful businesses. Why is that important for your business? Because KPMG Enterprise business advisers are dedicated to understanding what private company owners and entrepreneurs face every day. In short, they see things the way you do. And, because of that understanding,they can provide responsive and effective advice about your financial, business, and compliance challenges, which can help save you both money and time.