Chances are the Canadian cities where a new business is most likely to succeed might not be where you think. In fact, you might not have even heard of some of them until now.
The cities (those with a population of 25,000 or more) that scored best and were determined to be the friendliest cities to start a new business are:
Lloydminster Alberta/Saskatchewan (the provincial border runs through town)
Parksville, British Columbia
Grand Prairie, Alberta
Fort St. John, British Columbia
Saskatoon, Saskatchewan
Kelowna, British Columbia
Sept-Îles, Quebec
Fort McMurray, Alberta
Moose Jaw, Saskatchewan
Regina, Saskatchewan
Toronto’s ‘905’ Region, Ontario
The list, the product of the Canadian Federation of Independent Business’s examination of 12 entrepreneurial factors in three key areas, shows that big cities are not a big deal. With the absence of the cities of Vancouver, Calgary, Edmonton, Toronto, Ottawa and Montreal it looks like small businesses are more likely to be successful in small cities.
Now matter where you choose to start-up, or operate your business, Canada is full of opportunity. Of course, with every opportunity there is risk; risk that is often out of your control. It is for times like these, where business insurance can help protect everything you are working so hard for. Business insurance can help protect you from a significant loss that could have a devastating impact on your business making it an important part of any business plan.
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