More Quebec Workers Aspiring to Be Their Own Boss, According to RBC Survey



    630,000 Planning to Start Their Own Businesses

    MONTREAL, Sept. 28 /CNW/ - Some 630,000 Quebecers are making plans to
start up their own businesses - an increase of 230,000 since 2005 - and
140,000 (23 per cent) of these aspiring entrepreneurs hope to become their own
bosses within the next year, according to the annual RBC Small Business
Survey.
    "That an increasing number of Quebecers feel confident enough to start up
their own enterprises is great news for our province," said Germain Bureau,
sales manager, RBC Small Business Financial Services for the South Shore and
Montérégie area. "We know how vital small business is to new job creation in
Quebec and these emerging entrepreneurs no doubt will play a key role in
helping to ensure our province's future prosperity."
    The RBC/Ipsos Reid survey points out some interesting differences between
the backgrounds of existing Quebec entrepreneurs and its emerging ones. While
21 per cent of existing entrepreneurs cite a professional background, only
17 per cent of would-be entrepreneurs actually come from a professional
background. Also, only 9 per cent of existing entrepreneurs responded that
they had previously held technical positions, while 12 per cent of aspiring
entrepreneurs are presently working in technical jobs. Furthermore, only
5 per cent of existing entrepreneurs indicated past employment in blue
collar/labourer work, while 9 per cent of those planning to start up their own
businesses hold in blue collar/labourer positions.
    The top five preferred industries for Quebec's would-be entrepreneurs,
according to the survey: personal services/arts/crafts (19 per cent);
travel/hospitality/restaurants (10 per cent); social services/education/other
health (8 per cent); professionals as well as Internet/online services (both
at 7 per cent); and construction/trades/manufacturing as well as auto dealers
(both at 5 per cent).

    
    Quebec's Aspiring Entrepreneurs: Fast Facts

    -   74 per cent are currently employed
    -   36 per cent have been either self-employed or owned a business before
    -   55 per cent expect to invest less than $25,000 to start up their
        business
    -   43 per cent believe it will take between 1-3 years from start-up to
        begin earning revenue
    -   41 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 per cent male, 46 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
    

    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 percentage points, 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 within the province of Quebec, the results are considered
accurate to within +/- 4.7 per cent for entrepreneurs and +/- 5.7 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: Raymond Chouinard, (514)
874-6556


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