MONTREAL, QC, JUNE 10, 2015 – Quebecer’s level of entrepreneurial spirit is one of the highest in Canada (83% vs. 74% national average), according to a new survey conducted on the Angus Reid Forum and commissioned by Kumon Canada. More than half of Quebecers (61%) would choose to start their own business rather than look for a new job if they were let go from their current position.
While unemployment remains high among younger Canadians, it’s not just the younger generation seeking opportunities to operating their own businesses. Those Canadians surveyed between 25 and 55 years of age, 65 per cent indicated they’re considering starting a business after they retire from their current job. For many, the question is – what’s an affordable and successful option to becoming your own boss? While starting a business from scratch can be overwhelming, two of the greatest barriers to entrepreneurship are start-up costs (46%) and overall stability (39%).
“For those considering being their own boss, investing in a proven franchise may be the answer to overcoming these barriers,” says Catherine Chiang, National Franchise Manager, Kumon Canada Inc. “Owning a franchise is often a more accessible option, as you’re able to run an established business brand with support from the head office.”
Among those Quebecers surveyed, the most popular franchise options identified included trades (29%), childcare/assisted living (24%) and coffee shops (21%). Interestingly enough, these were not perceived as the most rewarding industries. In fact, 43 per cent of Canadians find education appealing when compared to other business franchises, specifically in Quebec (49%). This stems from the ability to impact a child’s success in school (30%).
“As a centre owner and instructor, I love having the opportunity to own a franchise that gives back to my local community,” says Hervé Fefer, Kumon Math and Reading Centre of Longueil. “With Kumon, I get to be my own boss while helping families every day, providing skills and learning methods that ensure my students gain confidence and ultimately succeed at school.”
Kumon Canada is committed to providing support and guidance to its franchisees from day one of owning a Kumon centre. With six regional support branches across the country, including one in Montreal, local business owners have ongoing regional and national support. Kumon’s franchise program is accessible for entrepreneurs, with an initial investment of $62,870 - $158-390 and $1,000 franchise fee.
Kumon is an after-school math and reading enrichment program that unlocks the potential of children so they can achieve more on their own. Founded in Japan in 1958, the learning method uses an individualized approach that helps children develop a solid command of math and reading skills. Through daily practice and mastery of materials, students increase confidence, improve concentration and develop better study skills. Kumon has 26,000 centres in 48 countries and more than four million students studying worldwide. Visit www.kumon.ca to learn more.
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About Angus Reid Survey Methodology
From March 2nd to March 4th, 2015 an online survey was conducted among 1,266 randomly selected Canadian adults aged 25-55 who are either currently employed or looking for new opportunities and who are Angus Reid Forum panelists. The margin of error—which measures sampling variability—is +/- 2.8%, 19 times out of 20. The sample was statistically balanced according to age, gender and region Census data. Discrepancies in or between totals are due to rounding.