Posted by & filed under Accounting Careers, Financial Reporting and Analysis.

Description:  It’s not Toronto, or Vancouver. I’m afraid to tell you that those two don’t even make the top ten list. No, according to the Canadian Federation of Independent Business (CFIB), Canada’s most entrepreneurial city is Whitehorse, closely followed by Winkler, Manitoba. There appears to be no one single factor that trumps all others in making a community more entrepreneurial. The CFIB looked at 13 factors in its survey.

Date:  April 3, 2019

Source:  financialpost.com

Link: https://business.financialpost.com/entrepreneur/heres-the-best-canadian-city-to-start-a-small-business-in-no-its-not-toronto-or-waterlooh

Discussion points:   

1) Have you noticed if your hometown or university town is in the top ten? The bottom ten? Were you surprised?

2) Do you have any plans to be an entrepreneur after graduation? What do you see as some of the key factors to consider in locating your business?

3) Chapter 14 in Wiley’s Financial Accounting: Tools for Business Decision-Making shows a wide-variety of ratios that can be used to evaluate various aspects of a business’s performance. If you were an entrepreneur, what do you think would be three key ratios you would put on your “dashboard” to quickly gauge how your business was performing?

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