Women in Business Spring 2020

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BIV MAGAZINE

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WOMEN IN BUSINESS—SPRING 2020 PUBLISHED BY BUSINESS IN VANCOUVER

THE ENTREPRENEURS:

5 WOMEN TO WATCH How they built their businesses, in diverse fields ranging from aerospace to investment management

DENE MOORE

W

omen are the fastest-growing segment of entrepreneurs in Canada, rapidly closing in on the business gender gap.

In British Columbia, about 38% of self-employed business owners in 2018 were women, according to the most recent Small Business Profile report by the Ministry of Jobs, Trade and Technology. And the rate of growth is higher than it’s ever been. From 2013 to 2018, the number of female entrepreneurs grew 8.8%, according to the report. Across Canada, women now account for 28% of all entrepreneurs. More than 17,400 women started

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businesses in Canada in 2018, according to the Business Development Bank of Canada (BDC). “The entrepreneurial activity gender gap reached a record low in 2018,” says the BDC report A Nation of Entrepreneurs: The Changing Face of Canadian Entrepreneurship. Women in Business spoke to five B.C. entrepreneurs to watch about how they started their businesses and their top tips for others.

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