Business
Going for growth: Entrepreneurs in Canada doubled down on their scaling ambitions
Going for growth: Entrepreneurs in Canada doubled down on their scaling ambitions Canad...
About this update from Royal Bank Of Canada
[{"type":"text","content":"\n\n\n\n Going for growth: Entrepreneurs in Canada doubled down on their scaling ambitions\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n The latest Ownr survey showed a vast majority of business owners in\n \n Canada\n \n leveraging multiple income sources to fund their business and accelerate growth plans\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 31, 2025\n \n\n /CNW/ - Entrepreneurs are demonstrating their resiliency through a rapidly evolving economic climate, finding ways to move their business forward by drawing from diverse income sources and doubling down on investments in marketing and sales to sustain and scale their business.\n \n\n\n\n\n\n\n\n\n A recent survey from\n \n Ownr\n \n , an all-in-one management platform for small businesses, revealed that 86 per cent of entrepreneurs surveyed in\n \n Canada\n \n financed their business using non-revenue related sources such as personal income and savings, funds from another business they run, and loans from financial institutions, the government, and family and friends. In addition, just over half (52 per cent) reported having two or three sources of income, including full-time jobs (20 per cent), part-time jobs (18 per cent) and other personal investments (20 per cent).\n \n\n \"It's a precarious time for many small business owners in\n \n Canada\n \n given the evolving macroeconomic environment. Despite this, they are unwavering in their entrepreneurial pursuits by diversifying funding streams to fuel their business growth,\" said\n \n Jordan Casey\n \n , CEO,\n \n Ownr\n \n . \"In fact, our survey found that nearly three quarters of entrepreneurs would be happy to launch their business all over again if given the chance.\"\n \n\n\n Driving growth: Putting the customer first\n \n\n More than half of surveyed entrepreneurs said additional funding from non-revenue related sources enabled them to move forward with their business growth and expansion plans. To achieve that growth, the survey revealed an increased focus on customer a...