Almost Half a Million Albertans Aspiring to Start Their Own Business, According to RBC Survey



    130,000 Planning to Become Their Own Boss by Next Year

    CALGARY, Sept. 28 /CNW/ - An estimated 430,000 Albertans are planning to
start their own business, and 130,000 of those emerging entrepreneurs believe
they will be their own boss within the next year. This is according to RBC's
annual Small Business Survey, which compared the responses of aspiring
entrepreneurs with those of entrepreneurs already running their own business.
    The RBC/Ipsos Reid survey also found that Alberta's aspiring
entrepreneurs are coming from a range of occupations, including:
executive/managerial (20 percent); professional (20 per cent); sales (12 per
cent); blue collar/labourer work (12 per cent); secretarial/clerical (11 per
cent); and technical (5 per cent).
    As to their preferred choice of work, would-be business owners also have
their eyes set on an array of industries, the top five being: retail (14 per
cent); personal services/arts/crafts (13 per cent); Internet/online services
(12 per cent); business services/communications (11 per cent); and
travel/hospitality/restaurants (9 per cent).
    "These results clearly show the dream of entrepreneurship continues to be
strong in Alberta," said David King, sales manager, RBC Business Markets.
"What's really interesting is that we're finding entrepreneurs are emerging
from diverse working backgrounds, with the confidence to start businesses in
industries that don't necessarily match those backgrounds. One reason for this
may be that Albertans know they can easily access the resources and support
tools that can help them turn their small business aspirations into reality."

    
    Alberta's Aspiring Entrepreneurs: Fast Facts

    -   74 per cent are currently employed
    -   45 per cent have been either self-employed or owned a business before
    -   44 per cent expect to invest less than $25,000 to start up their
        business
    -   38 per cent believe it will take between 1-3 years from start-up to
        begin earning revenue
    -   44 per cent believe it will take between 1-3 years from start-up
        until their business breaks even (e.g., makes enough money to cover
        the costs)
    -   Aspiring entrepreneurs are split 54.5 per cent male, 45.5 per cent
        female

    Canada's 2007 Entrepreneurs: By the Numbers

    Region       Existing Entrepreneurs         Aspiring Entrepreneurs
                    %        Total                 %        Total
    BC             18%       500,000              17%       560,000
    Alberta        11%       310,000              13%       430,000
    Sask./Man.      7%       200,000               6%       200,000
    Ontario        41%     1,150,000              39%     1,290,000
    Quebec         19%       530,000              19%       630,000
    Atlantic        4%       110,000               7%       230,000
    Canada       11.5%     2,800,000            13.0%     3,300,000

    Region       Existing Entrepreneurs         Aspiring Entrepreneurs
    ----------   ----------------------------   ----------------------------
                    %        Total (millions)      %        Total (millions)

    BC             18%       500,000              17%       560,000
    Alberta        11%       310,000              13%       430,000
    Sask./Man.      7%       200,000               6%       200,000
    Ontario        41%       1.15                 39%       1.29
    Quebec         19%       530,000              19%       630,000
    Atlantic        4%       110,000               7%       230,000
    

    These are some of the findings of an RBC poll conducted by Ipsos Reid
between July 27 and August 3, 2007. The online survey is based on a randomly
selected representative sample of 3,806 adult Canadians of which 2,253 owned
small or medium-sized businesses (entrepreneurs) and 1,553 aspire to own small
or medium size businesses (aspiring entrepreneurs). With a representative
sample of this size, the results among entrepreneurs are considered accurate
to within +/- 2.1 percentage points, and among aspiring entrepreneurs +/- 2.5
19 times out of 20, of what they would have been had the entire adult Canadian
population been polled. Within the smaller populations of entrepreneurs and
aspiring entrepreneurs in the province of Alberta, the results are considered
accurate to within +/- 6.3 per cent for entrepreneurs and +/- 6.9 per cent for
aspiring entrepreneurs 19 times out of 20.

    RBC delivers a wide range of financial services and practical advice to
small and medium-sized businesses and their owners. RBC is Canada's leading
financial institution for small business, serving one in four small
businesses. For practical advice and information about starting, owning and
managing a small business, entrepreneurs - existing and aspiring - can visit
www.rbcroyalbank.com/business/resources/.





For further information:

For further information: Media Contact: Diana Ward, (403) 292-3372


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