Creating wealth through business improvements

Innovation that helps create wealth for Canadian business owners only requires business leadership and motivation, a supportive circle of family, associates and employees, and a desire to improve.

A survey was commissioned by BMO Wealth Management to learn more about how Canadian small business owners view innovation and how it can help their businesses. Small business owners were asked to name their top three reasons for implementing innovations. Meeting client needs was the most important reason (cited by 70% of respondents), followed by creating a better product or service (66%) and maintaining growth and sustainability of the business (61%). Women and older
entrepreneurs were more client centric, while men and younger business owners had a higher focus on creating better products or services.

To read the full report, click here.

To view the infographic, click here.