Economic Impact of Decline
What is an economic slowdown?
A result of fewer new businesses in Canada, leading to fewer jobs.
What companies use to stay ahead and meet customer needs.
Innovation
An ability that helps entrepreneurs find solutions to problems.
Creativity
What happens to job creation when fewer new businesses emerge.
It decreases.
A way Canada can help businesses thrive
Increase funding
What are fresh ideas and job creation?
The type of ideas and opportunities new businesses bring to communities.
The tech entrepreneurs in Northwestern Ontario rely on to grow their businesses.
Digital tools
A key trait to take risks and adapt in challenging times
Resilience.
A country Canadian entrepreneurs often move to for better opportunities.
The U.S
A suggested change to support entrepreneurial growth.
Better policies
What could losing talent to other countries mean for Canada
A potential outcome for Canada if entrepreneurship continues to decline.
What tools are helping remote entrepreneurs.
Examples include online marketing, virtual meetings, and e-commerce.
A critical skill used by remote entrepreneurs to meet local demands.
Problem-solving
The loss Canada faces when skilled individuals move abroad.
Brain Drain
What does Canada need to do to make starting businesses easier?
Access to resources easier
Why is the United States attracting talent?
Canadian entrepreneurs are drawn to this country for better opportunities.
Why do entrepreneurs in remote regions depend heavily on technology?
To connect and compete
What entrepreneurs in Northwestern Ontario rely on to succeed far from big cities.
Hard work and creativity.
The term used for skilled workers leaving one country for another.
Talnet Migration
Why is innovation critical for Canada’s economy?
To stay competitive
What is diminished prosperity?
The broader impact of reduced entrepreneurship on national progress.
The organization that helps people learn to use online tools.
Northwestern Ontario Innovation Centre.
Question: What are the foundational skills for managing and growing a business?
Traits like leadership and communication are crucial for entrepreneurs to succeed and build strong teams.
How are local communities are affected when entrepreneurship declines
There would be weaker development.
What is the key idea in the article to revive entrepreneurship in Canada?
Creating stronger support systems