- More Canadians are turning to entrepreneurship to fulfill their financial and career goals, according to the 2023 RBC Small Business Poll
- Royal Bank of Canada (TSX:RY) backed the survey, which found that desire for entrepreneurship continues to trend high among Gen Z and Millennials
- Business owners and aspiring entrepreneurs want more control over their career, with 94 per cent saying that “being your own boss” is the main incentive for entrepreneurship
- Royal Bank of Canada opened trading at C$120.00 per share
More Canadians are turning to entrepreneurship to fulfill their financial and career goals, according to the 2023 RBC Small Business Poll.
Royal Bank of Canada (TSX:RY) backed the survey, which sampled 1,500 Canadian adults.
The poll found that desire for entrepreneurship continues to trend high among Gen Z and Millennials, as two in three business owners and aspiring entrepreneurs say they have peaked in their career and business ownership is their next step to thrive. Thirty-one per cent of responders say mid-career is an ideal time to pursue a side venture.
The report also found that business owners and aspiring entrepreneurs want more control over their career, with 94 per cent saying that “being your own boss” is the main incentive for entrepreneurship. This drive was significantly high in Québec, well above the national average.
“For many, entrepreneurship isn’t just a curious side hobby; it signifies a forward-thinking approach to securing one’s financial future while advancing professionally,” RBC’s Vice president of small business, partnerships and strategy, Don Ludlow said in a statement. “This sentiment is particularly prevalent among younger Canadians who are increasingly contributing to a more dynamic and diverse entrepreneurial ecosystem in Canada with their creativity, innovation and willingness to challenge traditional norms.”
The Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.
Royal Bank of Canada opened trading at C$120.00 per share.
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