A Swell Of Self-Employed Canadians


It’s no secret that more and more Canadians are choosing to be self-employed. Here’s an article from Propertywire.ca that offers my own entrepreneurial insight on the phenomenon.

~ Steven

More Canadians Lured to Self-Employment

Heather Wright, Real Estate Trade Journalist
Published on Propertywire.ca, a resource for Real Estate and Mortgage Professionals, June 21 2011.

More and more Canadians are being lured by the prospects of going into business for themselves.

According to a new report released by BMO entitled “If I Had a Million Dollars… I Would Start a Small Business”, being your own boss, is increasingly becoming the fodder for daydreams, even.
BMO says that more than one million small businesses comprise a staggering 98 % of private sector firms.  Also, last year, 130,000 businesses started up in this country.

In terms of what kind of businesses appealed to these respondents, 25% said that they would choose to open a specialty boutique or a store; 17% of respondents said they would like to open a franchise; 9% said that they would like to start an online business, and 3% indicated that they would be interested a business based on personal services (which is a wide category that encompasses everything from hairdressing to auto repair).
While there are pitfalls to working for yourself, the upside is significant- which is something well known to most Realtors and Mortgage Professionals. It seems that the appetite for business for self that is developing rapidly is really, something that members of these industries have known all along.

As Steven Fudge, Sales Representative, Bosley R.E. Ltd (www.urbaneer.com) told Propertywire.ca, this is about more than deciding what to do for a living—it has come down to why we do it- and is offering new definitions to old words and concepts: “The definition of success is changing in Canadian culture. Rather than define success as how much money we earn, or how we rank against others, today Canadians measure success by the quality and richness of their personal and familial relationships, by their ability to express themselves creatively, and in having control over their time. This is the new barometer of success. Creating a life balance is now considered more valuable than financial wealth.”
He equates this shift in attitude to an awareness, and an associated empowerment: “In an era where the click of a remote brings ‘on demand’ television, a phone call summons the delivery of a meal, and moving the cursor on your computer confirms an online purchase, Canadians are increasingly aware that we can have, do and be whatever we choose- at any time of day. “

“When we operate in this framework we begin to resist the notion of working specific set hours in a controlled environment. Instead we crave the freedom to work when and where we are our most productive.”
And from this knowledge, come action, context and vision, which is quickly tossing traditional ideas about work and career to the side.   This isn’t just restricted to straight self-employment, either. People are starting to re-think the way in which the concept of a workplace operates, and are not shy to offer alternatives and solutions.

Says Fudge:  “The forward-thinking work force, whether entrepreneurs, consultants or freelancers, can now negotiate with employers on matters of compensation and hours of accountability. If people have the proficiency to work ‘smart’ and complete their tasks on their own schedule, they can tailor their working time when they are most productive. This fosters better working relationships while giving the worker more autonomy.”

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