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Gagglescape tracks the flow of venture capital and angel investment in a global economy.
Strike it Rich
![]() Compared to other Canadian cities, Torontonians are the most likely to start a business out of a dream to strike it rich (83%). That's according to a recent study done by American Express. Montrealers say the main reason they started their business was out of a passion to pursue an idea or interest (90%). Vancouverites are most likely to have been in business the longest - for 10 years or more (58%). For most, success doesn't come easy. Overwhelmingly, the American Express survey showed that respondents say getting their business off the ground is tough as they struggle with staffing issues, longer hours and financial worry. Only a very few (5%) say it is easier. For most, the pitfalls and perils that surround the critical first year can take their toll, with unforeseen factors like unexpected expenses, employee and staffing concerns and not having enough time to get everything done weighing on their minds. To see more information on the survey go here.
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Posted by the editor on 01/19
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