Ketut Subiyanto
The report found that 66% of small business owners say they’re extremely or very optimistic about the future state of their business and 50% say they’re doing better than they were two years ago in the heart of the pandemic.
The Scotiabank Path to Impact survey also found:
- Significantly more Small Business owners say digital enhancements are helping with increasing revenue and keeping up with higher demand with 18% of Canadian business owners accelerating their digital capabilities in the past year.
- Of these 18%,41%have installed programs for virtual meetings, 36%have introduced robotics to streamline operations, 35% have implemented a cloud-based data platform and 30%have introduced contactless payment.
- AI technology (44%) and better access to financial advice (43%) are the top tools business owners believe would help effectively grow their businesses.
- Business owners aged 18-34 foresee the need for more financing compared to business owners over the age of 55 (63% vs 21%).
- 90%of small business owners have sought advice or support over the past two years. 30% have turned to their bank’s digital resources – an increase over last year (24%).
Mario Toneguzzi
Mario Toneguzzi is Managing Editor of Canada’s Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list)
About Us
Canada’s Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast.
With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders.
The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada’s Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story.
