Over Half Of Canadian Small Businesses are Run from a Smartphone: Intuit

Intuit Canada’s has released their most recent Small Business App Study, and it reveals how the Canadian entrepreneurship experience has changed dramatically through increased tech adoption.

Mobile technology and cloud-based software solutions now empower any business with a Wi-Fi connection to tap into a global ecosystem of customers and employees – and operate anywhere at any time.

Thirty-one per cent of Canadian small business owners (SBOs) are adapted from the cloud (a six per cent increase from 2014), and only one third of Canada’s small business owners (SBOs) operate primarily from brick and mortar locations (down 20 per cent from this time last year).

Canadian SBOs are also becoming increasingly mobile – with more than half (55 per cent) running their businesses from a smartphone, they’re more tech savvy than our neighbours to the south, where only 43 per cent of SBOs operate the same way.

Here are some other key points from the study:

  • More than half (55 per cent) of Canadian small business owners (SBOs) use mobile apps to run their business.
  • More than half (55 per cent) of Canadian SBOs are now running run their business from a smartphone, and one in five (20 per cent) run their business from a tablet.
  • Thirty-one per cent of Canadian SBOs are adapted from the cloud (a six per cent increase from 2014).
  • Two in five (42 per cent) Canadian SBOs visit their clients in the field.
  • One in three (31 per cent) Canadian SBOs have an online presence and/or sell products or services online – a 28 per cent increase from 2014.
  • On average, Canadian SBOs use more than three (3.4) software solutions to run their business; 12 per cent use six or more.
  • Canadian SBOs currently spend an average of $1,000 per year on software, which is much higher than the U.S, where SMB owners spend about $630.
  • Eighty-five per cent of Canadian SBOs plan to invest in software solutions in the next five years, more than half (51 per cent) of whom expect to spend up to $1,000.

The study was conducted online between July 16 and 25, 2015, and involved 507 randomly selected Canadian small business owners, members of the Angus Reid Forum panel. Small business owners were defined as those who are employed full-time/part-time/self-employed and own a business with up to 99 employees.

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