I don’t know if it’s always true, but according to some small business experts, Tuesday is the most productive day of the week. It makes sense though. After the shock of Monday –often used to catch up on last week’s activities and correspondence from the weekend— you’re up and running with time to focus on the task at hand.
Small business is big business in British Columbia!
Speaking of small businesses, did you know that about 98 percent of all businesses in British Columbia are small businesses? In 2016, there were a total of 420,900 self-employed workers in our province. That means 32 percent of all wages earned in British Columbia were paid to workers in small businesses.
British Columbia is also the most popular province for small business start-ups. Small businesses account for approximately 34 percent of the province’s gross domestic product (2016), higher than the national average of 31 percent.
Being an entrepreneur is hard work.
Small business owners wear many hats, especially during start-up. You’re a salesperson, a bookkeeper, a marketer, a people manager, and more. Despite doing your best, some of these roles come more naturally than others and mistakes happen.
Think about your business. Are you making any of these common errors?
- Skipping market research.
- Lack of customer engagement and focus on building customer relationships.
- Leaving important information off your website (approximately 60% of small businesses don’t put their phone number on their website).
- Inconsistent or wrong business hours.
Some of the items listed above are simple to address while others take time and expertise. All of them can affect your bottom line.
How can we help you?
Given the impact small business has on the economy, the City of Campbell River Economic Development team is always looking for ways to support the fabulous business ecosystem in our beautiful seaside city. Because we know that being an entrepreneur is hard work.
Connect with us! We’re here to help.