GEM Saskatchewan, Canada Report 2019

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  • Year of publication: 2019
  • Category: National Reports
  • Language: English
  • Upload date: 2020-05-20

This GEM project surveyed slightly over 1,500 Saskatchewan residents with questions about their attitudes and activities associated with entrepreneurship in the province. Respondents were randomly selected to take part in the survey. An important starting point for the Saskatchewan GEM results is to show the state of new business and small business operation in the province. Saskatchewan has a strong entrepreneurial culture. Approximately 75% of those surveyed indicated that entrepreneurship was desirable, respected, and talked about in the province. Only half of Saskatchewan residents think that entrepreneurship is accessible to them. When asked if they personally have the ability and risk tolerance for entrepreneurship and if they know other entrepreneurs, half the respondents say ‘no’ and only 15% say that they considering to start a new business. Ideals are a more important motivator than money. Earning wealth and making money were an important motivator, however a desire to make a difference was noticeably more important for entrepreneurs. Demographics like education, age, and region have little effect on entrepreneurial activity, but there is a small gender difference. Differences in entrepreneurial activity do not appreciably differ depending on age, level of education, age, or whether you live in Alberta, Manitoba, or Saskatchewan. There is however, a greater tendency for males to be entrepreneurs versus females. A panel of Saskatchewan business experts were asked what would best serve growing a larger base of entrepreneurs in the province. The most important issues in increasing Saskatchewan entrepreneurship are in access to financing, educational programing at the primary and secondary levels, government policies, priority and support, and technology (R&D) transfer.

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