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Media Room

Press Kits - Business Banking - Small Business Week 2009

Media Room


TD Canada Trust Small Business Week Manitoba/Saskatchewan Highlights

  • Small business owners in Manitoba and Saskatchewan are most optimistic nationally about 2010. Sixty-seven percent of small business owners in the region are optimistic that 2010 will be a good year or their best year yet
  • When asked to rate the performance of their business, small business owners in Manitoba and Saskatchewan were most likely nationally to give themselves an A or A+ (31% vs. 19% nationally). Forty percent gave themselves a B, indicating that they did as well as they expected (vs. 44% nationally). Seventeen per cent gave themselves a C, saying that they did not have the year they planned (vs. 21% nationally). Only 3% of small business owners in the region gave themselves an F (vs. 2% nationally)
  • Of those small business owners who gave themselves an A or A+, 64% attributed their good year to the fact that they were not impacted by the recession (vs. 56% nationally)
  • Small business owners in Manitoba and Saskatchewan were almost twice as likely to say that they were not impacted by the recession (49% vs. 25% nationally)
  • What keeps small business owners in Manitoba and Saskatchewan up at night? The top two responses were cash flow (32% vs. 28% nationally), followed by hiring and retaining good talent (15% vs. 8% nationally)
  • Despite being less of a challenge in Manitoba and Saskatchewan compared to the rest of the county, the impact of the recession was the biggest challenge in 2009 for Manitoba and Saskatchewan small business owners (21% vs. 32%). Followed by cash flow (17% vs. 25% nationally) and hiring and retaining the right talent (13% vs. 7% nationally)
  • The impact of the recession is still anticipated to be a big issue Manitoba and Saskatchewan owners will face in 2010—owners named it as the top challenge for next year, tied with cash flow at 18%. These are followed by managing growth (17%) and hiring and retaining good talent (15%)
  • Manitoba and Saskatchewan small business owners say the best thing about owning their own business is controlling their own destiny (42% vs. 36% nationally), followed by being the boss, not reporting to anyone (31% vs. 24% nationally) and a better work-life balance (19% vs. 29% nationally)