Today, Intuit QuickBooks Canada launched The Future of Entrepreneurship in Canada Report, capturing findings from Canadians including current and aspiring entrepreneurs.
The report reveals that among Canadian entrepreneurs, one in five (21%) started their business within the past year. This represents close to two million Canadians (1.9M) – more than the population of Calgary, one of Canada’s largest metropolitan areas.
Despite a challenging year, the majority of Canadian entrepreneurs (73%) and aspiring entrepreneurs (76%) say they are optimistic for the future. Confidence from entrepreneurs is a positive sign for the country’s immediate post-pandemic recovery.
Other notable findings include:
- Digital is the future: While 41% of Canadian entrepreneurs sell exclusively offline, more sell online, and 22% sell through both channels. Among the businesses started up over the past year, 3 in 4 sell online, and over half sell exclusively online.
- Financial management gap: Managing finances is one of the largest challenges for entrepreneurs, yet only one-third of Canadian entrepreneurs (33%) are using an accounting service or professional for support.
- Canadian entrepreneurs need support to succeed: Three-quarters (76%) say that running their own business is stressful and half (49%) agree there are not enough mental health resources for entrepreneurs.
- Canadians are resilient: 72% of Canadians who launched a new business in the last year say they started theirs as a “side hustle” in the wake of COVID-19.
- What’s driving entrepreneurship now: While money is the number one driving force for entrepreneurship, freedom and flexibility also push entrepreneurs. Key motivators from entrepreneurs include:
- Being your own boss (58%)
- Setting your own hours (56%)
- Doing something meaningful (50%)
The full report is available here.

Salesforce Unveils New Digital 360 Innovations
Posted in Commentary with tags Salesforce on June 2, 2021 by itnerdSalesforce today announced new innovations across Digital 360, helping companies go digital faster and deliver the next generation of marketing, commerce and digital experiences. Salesforce will debut these new technologies and more at the Connections opening keynote today at 9:00 a.m. PT.
As consumers continue to push the limits of what it means to be digital first — from buying cars and groceries online to applying for mortgages on their phones — businesses’ marketing budget is following suit, with online sales reaching over $4 trillion and digital expected to hit half of all global ad spend this year. Salesforce is helping companies stay ahead of these shifts, powering an average of more than 100 billion Einstein predictions, sending 682 billion emails and delivering a daily average of three million commerce transactions in 2020.
To get more from digital, companies need to create connected experiences and have a complete understanding of their customers’ preferences, passions and needs. New technologies from Salesforce combine data and digital to make this possible — bringing together marketing, commerce, sales and service, so companies can put customers at the center of their digital strategy.
Marketing Cloud 360: The next generation of marketing With the next generation of Marketing Cloud, marketers can get to know their customers through a single source of truth to engage with relevancy, humanize every moment at scale with AI-powered personalization to inspire action and loyalty, and optimize overall marketing impact with unified analytics.
Salesforce CDP: An enterprise customer data platform, Salesforce CDP supercharges customer interactions everywhere. Companies can bring together data from the world’s #1 CRM — across sales, service, marketing, loyalty and commerce — and use it to deliver powerful marketing, advertising and personalization that grows relationships and revenue. Today, Salesforce CDP is integrating two technologies to help companies quickly deliver a more dynamic experience at any moment:
Commerce Cloud 360: The next generation of customer-centric commerce
Commerce Cloud helps companies move beyond a single transaction and create lifelong relationships. New technologies will help companies identify business trends, personalize customer experiences, and simply connect the end-to-end commerce journey, from the online storefront to order management and beyond.
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