Take a walk down any of the downtown areas and you will see how healthy small business is in Ontario. From corner cafes to neighborhood florists and everything in between, there is no doubt that small business is flourishing.
Small Business in Ontario is Thriving
Almost 98% of Canadian businesses are small businesses, employing less than 100 people. However, these businesses employ ten and half million people across the country, making up the bulk of Canada’s job market and economy. Small businesses may simply be content to remain small while others look forward to growing their business. Regardless, all successful small businesses thrive for three main reasons.
- Financing Availability
No matter how you look at it, having access to funds to invest in the business is vital for growth and in some cases, even starting up. One of the main reasons small business in Ontario is thriving is access to affordable financing options. These options often include:
- Personal Savings and credit lines
- Small Business Loans
- Government secured loans through your bank
- Some, but very few government grants
The experts at Leeds Grenville Small Business Enterprise Center can provide direction to small business owners regarding securing affordable financing so they can get started on their dream business or grow their current one.
- Small Business Support
When small businesses come together to support other local businesses, everyone wins. At the LGSBEC we recommend our clients join at least one of these networking groups:
- The Brockville and District Chamber of Commerce
- BBN (Brockville Business Network)
- BWB (Brockville Women in Business)
- KWIB (Kemptville Women in Business)
- BNI (Business Network Investments)
- NGBB (North Grenville Business Builders)
These networking organizations can help a business owner connect with other business owners to grow their business.
- Marketing Makes all the Difference
You can have the best possible business plan, the most perfect product, and an in-demand service, but if no one knows that you do, your business isn’t going to thrive as you would hope. Having a well-designed and properly executed marketing plan, however, gets your business in front of a wide customer base, better ensuring your success. The type of marketing that is right for you will depend on what type of business you own. The professionals at Leeds Grenville Small Business Enterprise Centre can help you understand what part of your current marketing is falling short and help you better achieve your goals.
To learn more, please contact the team at Leeds Grenville Small Business Enterprise Centre today!