SMALL BUSINESS OWNER SURVEY

Live Report

18-May-2024 12:23:37 PM

There are a total of 32 responses FROM 03-Nov-2008 to 07-Aug-2018.

Type of business


Percent	Count	Answers

8.3%	2/24	Aerospace
4.2%	1/24	Manufacturing & Processing
4.2%	1/24	Banking
4.2%	1/24	Financing/Accounting
4.2%	1/24	Insurance/Legal
0.0%	0/24	Real Estate
0.0%	0/24	Government
0.0%	0/24	Medical/Health Care
4.2%	1/24	Internet Service Providers
4.2%	1/24	Communication Carriers
8.3%	2/24	Transportation/Utilities
12.5%	3/24	Construction/Engineering
0.0%	0/24	Data Processing Services
0.0%	0/24	Wholesale/retail/distributor
4.2%	1/24	Education
12.5%	3/24	Marketing
8.3%	2/24	Research
8.3%	2/24	Business Services/Consultants
8.3%	2/24	Computer Manufacturers
4.2%	1/24	Other

100.0%	24/24	Summary

How long have you been in this business?
List index out of bounds (-3)

Please state the nature of your business.


Percent	Count	Answers

4.3%	1/23	Sole proprietorship
39.1%	9/23	Family ownership
17.4%	4/23	Partnership/Associate
17.4%	4/23	Limited Partnership
21.7%	5/23	Incorporated

100.0%	23/23	Summary

Do you have any employees?

Percent Count Answers

73.9% 17/23 Yes

26.1% 6/23 No

100.0% 23/23 Summary


Percent	Count	Answers

73.9%	17/23	Yes
26.1%	6/23	No

100.0%	23/23	Summary

If yes, how many?


Percent	Count	Answers

0.0%	0/23	1 only
17.4%	4/23	2-5
0.0%	0/23	6-9
8.7%	2/23	10-24
30.4%	7/23	25-49
13.0%	3/23	50-99
21.7%	5/23	100-499
4.3%	1/23	500-999
4.3%	1/23	1000 or more

100.0%	23/23	Summary

Do your employees have group benefits from your business?

Percent Count Answers

72.7% 16/22 Yes

27.3% 6/22 No

100.0% 22/22 Summary


Percent	Count	Answers

72.7%	16/22	Yes
27.3%	6/22	No

100.0%	22/22	Summary

Please rate the following statements...

Ranked Average Summary	Weighted Average
The money I make with my business is not worth the time I spend on it	2.52
My business has improved along with the economic growth of the province	2.48
I pay too many taxes.	2.43
If I was to start all over again I'd do exactly the same thing.	2.38
I am very happy with my business.	2.38
My business will take care of me at old age.	2.33
The provincial government does not do enough for small business owners	2.27

The provincial government does not do enough for small business owners


Percent	Count	Answers

9.1%	2/22	Strongly agree
54.5%	12/22	Agree
36.4%	8/22	Disagree
0.0%	0/22	Strongly disagree

100.0%	22/22	Summary

	2.3/4	Overall rating from 1 to 4

I pay too many taxes.


Percent	Count	Answers

14.3%	3/21	Strongly agree
33.3%	7/21	Agree
47.6%	10/21	Disagree
4.8%	1/21	Strongly disagree

100.0%	21/21	Summary

	2.4/4	Overall rating from 1 to 4

The money I make with my business is not worth the time I spend on it


Percent	Count	Answers

0.0%	0/21	Strongly agree
57.1%	12/21	Agree
33.3%	7/21	Disagree
9.5%	2/21	Strongly disagree

100.0%	21/21	Summary

	2.5/4	Overall rating from 1 to 4

I am very happy with my business.


Percent	Count	Answers

19.0%	4/21	Strongly agree
33.3%	7/21	Agree
38.1%	8/21	Disagree
9.5%	2/21	Strongly disagree

100.0%	21/21	Summary

	2.4/4	Overall rating from 1 to 4

My business has improved along with the economic growth of the province


Percent	Count	Answers

9.5%	2/21	Strongly agree
33.3%	7/21	Agree
57.1%	12/21	Disagree
0.0%	0/21	Strongly disagree

100.0%	21/21	Summary

	2.5/4	Overall rating from 1 to 4

My business will take care of me at old age.


Percent	Count	Answers

4.8%	1/21	Strongly agree
57.1%	12/21	Agree
38.1%	8/21	Disagree
0.0%	0/21	Strongly disagree

100.0%	21/21	Summary

	2.3/4	Overall rating from 1 to 4

If I was to start all over again I'd do exactly the same thing.


Percent	Count	Answers

19.0%	4/21	Strongly agree
23.8%	5/21	Agree
57.1%	12/21	Disagree
0.0%	0/21	Strongly disagree

100.0%	21/21	Summary

	2.4/4	Overall rating from 1 to 4

How optimistic are you about the Canadian economy today?

Percent Count Answers

9.5% 2/21 very optimistic

42.9% 9/21 rather optimistic

47.6% 10/21 rather pessimistic

0.0% 0/21 very pessimistic

100.0% 21/21 Summary
How many banks do you deal with for your business

Percent Count Answers

62.5% 5/8 One only

37.5% 3/8 Three or more banks

0.0% 0/8 Two banks


Percent	Count	Answers

9.5%	2/21	very optimistic
42.9%	9/21	rather optimistic
47.6%	10/21	rather pessimistic
0.0%	0/21	very pessimistic

100.0%	21/21	Summary


Percent	Count	Answers

62.5%	5/8	One only
37.5%	3/8	Three or more banks
0.0%	0/8	Two banks

Please rate the following as...

Ranked Average Summary	Weighted Average
Having all my bank services, insurance and investment with only one bank	2.55
Dealing with people rather than the ATM	2.55
Dealing with only one bank representative who knows my file personally	2.50
Having a good line of credit	2.40
Having a bank representative to visit me and advise me on new products & services	2.30
Knowing personally the Manager of the bank	2.19

Knowing personally the Manager of the bank


Percent	Count	Answers

19.0%	4/21	Very Important
42.9%	9/21	rather important
38.1%	8/21	rather unimportant
0.0%	0/21	Not important at all

100.0%	21/21	Summary

	2.2/4	Overall rating from 1 to 4

Dealing with only one bank representative who knows my file personally


Percent	Count	Answers

5.0%	1/20	Very Important
40.0%	8/20	rather important
55.0%	11/20	rather unimportant
0.0%	0/20	Not important at all

100.0%	20/20	Summary

	2.5/4	Overall rating from 1 to 4

Having a bank representative to visit me and advise me on new products & services


Percent	Count	Answers

0.0%	0/20	Very Important
70.0%	14/20	rather important
30.0%	6/20	rather unimportant
0.0%	0/20	Not important at all

100.0%	20/20	Summary

	2.3/4	Overall rating from 1 to 4

Dealing with people rather than the ATM


Percent	Count	Answers

5.0%	1/20	Very Important
45.0%	9/20	rather important
40.0%	8/20	rather unimportant
10.0%	2/20	Not important at all

100.0%	20/20	Summary

	2.5/4	Overall rating from 1 to 4

Having all my bank services, insurance and investment with only one bank


Percent	Count	Answers

0.0%	0/20	Very Important
45.0%	9/20	rather important
55.0%	11/20	rather unimportant
0.0%	0/20	Not important at all

100.0%	20/20	Summary

	2.5/4	Overall rating from 1 to 4

Having a good line of credit


Percent	Count	Answers

5.0%	1/20	Very Important
50.0%	10/20	rather important
45.0%	9/20	rather unimportant
0.0%	0/20	Not important at all

100.0%	20/20	Summary

	2.4/4	Overall rating from 1 to 4

In general how would you rate your level of satisfaction with the bank/s you deal with today?


Percent	Count	Answers

4.8%	1/21	Poor
42.9%	9/21	Fair
23.8%	5/21	Good
28.6%	6/21	Very Good
0.0%	0/21	Excellent

100.0%	21/21	Summary

	2.8/5	Overall rating from 1 to 5

Have you ever been approached by an insurance agent?

Percent Count Answers

52.4% 11/21 Yes

47.6% 10/21 No

100.0% 21/21 Summary
If yes, on how many occasions?

Percent Count Answers

11.1% 2/18 Once

83.3% 15/18 2-4 times

5.6% 1/18 5 and more

100.0% 18/18 Summary


Percent	Count	Answers

52.4%	11/21	Yes
47.6%	10/21	No

100.0%	21/21	Summary


Percent	Count	Answers

11.1%	2/18	Once
83.3%	15/18	2-4 times
5.6%	1/18	5 and more

100.0%	18/18	Summary

Presently do you have:

Health & Dental benefits (or group benefits)


Percent	Count	Answers

57.9%	11/19	Yes
42.1%	8/19	No

100.0%	19/19	Summary

Disability insurance


Percent	Count	Answers

57.9%	11/19	Yes
42.1%	8/19	No

100.0%	19/19	Summary

Travel insurance


Percent	Count	Answers

50.0%	10/20	Yes
50.0%	10/20	No

100.0%	20/20	Summary

Life insurance


Percent	Count	Answers

36.8%	7/19	Yes
63.2%	12/19	No

100.0%	19/19	Summary

Critical illness insurance


Percent	Count	Answers

47.4%	9/19	Yes
52.6%	10/19	No

100.0%	19/19	Summary

Mortgage insurance on your business or residence


Percent	Count	Answers

52.6%	10/19	Yes
47.4%	9/19	No

100.0%	19/19	Summary

How important is it for you as a small businessowner to have the following:

Health & Dental Benefits (or group benefits)


Percent	Count	Answers

15.0%	3/20	Very important
30.0%	6/20	rather important
40.0%	8/20	rather unimportant
15.0%	3/20	Not important at all

100.0%	20/20	Summary

Disability insurance


Percent	Count	Answers

5.0%	1/20	Very important
60.0%	12/20	rather important
35.0%	7/20	rather unimportant
0.0%	0/20	Not important at all

100.0%	20/20	Summary

Critical illness insurance


Percent	Count	Answers

5.0%	1/20	Very important
55.0%	11/20	rather important
35.0%	7/20	rather unimportant
5.0%	1/20	Not important at all

100.0%	20/20	Summary

Life insurance


Percent	Count	Answers

5.0%	1/20	Very important
50.0%	10/20	rather important
40.0%	8/20	rather unimportant
5.0%	1/20	Not important at all

100.0%	20/20	Summary

Travel insurance


Percent	Count	Answers

4.8%	1/21	Very important
57.1%	12/21	rather important
28.6%	6/21	rather unimportant
9.5%	2/21	Not important at all

100.0%	21/21	Summary

Today do you have assets invested in

RRSP


Percent	Count	Answers

25.0%	5/20	Yes
75.0%	15/20	No

100.0%	20/20	Summary

Non-RRSP


Percent	Count	Answers

65.0%	13/20	Yes
35.0%	7/20	No

100.0%	20/20	Summary

RESP for your children


Percent	Count	Answers

50.0%	10/20	Yes
50.0%	10/20	No

100.0%	20/20	Summary

Real Estate


Percent	Count	Answers

57.1%	12/21	Yes
42.9%	9/21	No

100.0%	21/21	Summary

Stocks


Percent	Count	Answers

25.0%	5/20	Yes
75.0%	15/20	No

100.0%	20/20	Summary

Mutual or Segregated Funds


Percent	Count	Answers

45.0%	9/20	Yes
55.0%	11/20	No

100.0%	20/20	Summary

How would you evaluate your knowledge of

RRSP


Percent	Count	Answers

0.0%	0/20	Excellent
45.0%	9/20	Good
40.0%	8/20	Not good
15.0%	3/20	Poor

100.0%	20/20	Summary

Tax-sheltered products


Percent	Count	Answers

5.0%	1/20	Excellent
60.0%	12/20	Good
20.0%	4/20	Not good
15.0%	3/20	Poor

100.0%	20/20	Summary

RESP


Percent	Count	Answers

5.0%	1/20	Excellent
30.0%	6/20	Good
50.0%	10/20	Not good
15.0%	3/20	Poor

100.0%	20/20	Summary

Capital Gains Exemption & Capital Gains Taxation


Percent	Count	Answers

5.0%	1/20	Excellent
25.0%	5/20	Good
50.0%	10/20	Not good
20.0%	4/20	Poor

100.0%	20/20	Summary

Dividend Funds & Tax treatment


Percent	Count	Answers

5.0%	1/20	Excellent
30.0%	6/20	Good
40.0%	8/20	Not good
25.0%	5/20	Poor

100.0%	20/20	Summary

Retirement Planning


Percent	Count	Answers

0.0%	0/20	Excellent
45.0%	9/20	Good
35.0%	7/20	Not good
20.0%	4/20	Poor

100.0%	20/20	Summary

Estate Planning


Percent	Count	Answers

4.8%	1/21	Excellent
52.4%	11/21	Good
28.6%	6/21	Not good
14.3%	3/21	Poor

100.0%	21/21	Summary

How financially secure do you feel you are today...


Percent	Count	Answers

14.3%	3/21	very secure
19.0%	4/21	rather scure
38.1%	8/21	rather insecure
28.6%	6/21	very insecure
0.0%	0/21	I don't know

100.0%	21/21	Summary

How financially secure do you feel your family is today...


Percent	Count	Answers

14.3%	3/21	very secure
23.8%	5/21	rather secure
28.6%	6/21	rather insecure
33.3%	7/21	very insecure
0.0%	0/21	I don't know

100.0%	21/21	Summary

How would you rate your expectations of a good insurance or investment advisor?

Reliable & honest


Percent	Count	Answers

19.0%	4/21	Very important
38.1%	8/21	rather iImportant
33.3%	7/21	rather unimportant
9.5%	2/21	Not important at all

100.0%	21/21	Summary

Clear explanation & total disclosure


Percent	Count	Answers

20.0%	4/20	Very important
35.0%	7/20	rather iImportant
40.0%	8/20	rather unimportant
5.0%	1/20	Not important at all

100.0%	20/20	Summary

Representative of a big Canadian Company


Percent	Count	Answers

5.0%	1/20	Very important
30.0%	6/20	rather iImportant
60.0%	12/20	rather unimportant
5.0%	1/20	Not important at all

100.0%	20/20	Summary

Efficient in convincing & closing


Percent	Count	Answers

0.0%	0/20	Very important
35.0%	7/20	rather iImportant
35.0%	7/20	rather unimportant
30.0%	6/20	Not important at all

100.0%	20/20	Summary

To develop with you a long term relationship


Percent	Count	Answers

10.0%	2/20	Very important
55.0%	11/20	rather iImportant
25.0%	5/20	rather unimportant
10.0%	2/20	Not important at all

100.0%	20/20	Summary

Must not be new in the business


Percent	Count	Answers

5.0%	1/20	Very important
55.0%	11/20	rather iImportant
30.0%	6/20	rather unimportant
10.0%	2/20	Not important at all

100.0%	20/20	Summary

Must be a friend or a relative


Percent	Count	Answers

5.0%	1/20	Very important
45.0%	9/20	rather iImportant
35.0%	7/20	rather unimportant
15.0%	3/20	Not important at all

100.0%	20/20	Summary

Must have been referred to me


Percent	Count	Answers

10.0%	2/20	Very important
50.0%	10/20	rather iImportant
35.0%	7/20	rather unimportant
5.0%	1/20	Not important at all

100.0%	20/20	Summary

Handles my general insurance, life, disability, Health insurance & investment


Percent	Count	Answers

5.0%	1/20	Very important
40.0%	8/20	rather iImportant
40.0%	8/20	rather unimportant
15.0%	3/20	Not important at all

100.0%	20/20	Summary

10)

Immediately available if I need him


Percent	Count	Answers

15.0%	3/20	Very important
20.0%	4/20	rather iImportant
55.0%	11/20	rather unimportant
10.0%	2/20	Not important at all

100.0%	20/20	Summary

11)

Respectful of my time & my decision to buy


Percent	Count	Answers

15.0%	3/20	Very important
45.0%	9/20	rather iImportant
25.0%	5/20	rather unimportant
15.0%	3/20	Not important at all

100.0%	20/20	Summary

12)

Must be of my ethnical community


Percent	Count	Answers

5.0%	1/20	Very important
50.0%	10/20	rather iImportant
30.0%	6/20	rather unimportant
15.0%	3/20	Not important at all

100.0%	20/20	Summary

On the list below, is there anything you will eventually wish to purchase?


Percent	Count	Answers

66.7%	4/6	Life insurance
66.7%	4/6	New Mortgage, refinancing or Mortgage renewal
50.0%	3/6	Stocks
50.0%	3/6	Mortgage insurance if cheaper
50.0%	3/6	Health & Dental insurance (or group insurance)
33.3%	2/6	Disability Insurance
33.3%	2/6	Mutual Funds
16.7%	1/6	Critical illness insurance
16.7%	1/6	RRSP
16.7%	1/6	RESP (for the children)

If yes, when


Percent	Count	Answers

5.3%	1/19	As soon as possible
15.8%	3/19	In one month
10.5%	2/19	In 3 months
26.3%	5/19	In 6 months
21.1%	4/19	In one year
21.1%	4/19	In 2 years

100.0%	19/19	Summary

Would you eventually want to have help on the following?

Tax-sheltered planning to pay less taxes?


Percent	Count	Answers

28.6%	6/21	Yes
61.9%	13/21	No
9.5%	2/21	Later

100.0%	21/21	Summary

Retirement planning to establish a sound income at old age


Percent	Count	Answers

10.0%	2/20	Yes
80.0%	16/20	No
10.0%	2/20	Later

100.0%	20/20	Summary

Estate planning (transferring your assets to your children)


Percent	Count	Answers

10.0%	2/20	Yes
70.0%	14/20	No
20.0%	4/20	Later

100.0%	20/20	Summary

Mutual Fund Investment


Percent	Count	Answers

10.0%	2/20	Yes
65.0%	13/20	No
25.0%	5/20	Later

100.0%	20/20	Summary

Other


Percent	Count	Answers

0.0%	0/17	Yes
88.2%	15/17	No
11.8%	2/17	Later

100.0%	17/17	Summary

One day, will you wish to plan the transfer of the business ownership to your children?

Percent Count Answers

42.9% 9/21 Yes

57.1% 12/21 No

100.0% 21/21 Summary

At what age do you wish to retire?


Percent	Count	Answers

9.5%	2/21	55 or before
28.6%	6/21	56-60
19.0%	4/21	61-65
19.0%	4/21	66-70
14.3%	3/21	Never
9.5%	2/21	I don't know

100.0%	21/21	Summary

At what age do you expect you will retire?


Percent	Count	Answers

4.8%	1/21	55 or before
14.3%	3/21	56-60
14.3%	3/21	61-65
33.3%	7/21	66-70
19.0%	4/21	Never
14.3%	3/21	I don't know

100.0%	21/21	Summary

Please provide us with your name and your business name
Click here for details
Sex

Percent Count Answers

57.1% 12/21 Male

42.9% 9/21 Female

100.0% 21/21 Summary
Age group

Percent Count Answers

9.5% 2/21 18-25

14.3% 3/21 26-40

38.1% 8/21 41-50

33.3% 7/21 51-60

4.8% 1/21 60 & over

100.0% 21/21 Summary
Marital Status

Percent Count Answers

23.8% 5/21 Married

28.6% 6/21 Common-law

42.9% 9/21 Single

4.8% 1/21 Divorced

0.0% 0/21 Widow/Widower

100.0% 21/21 Summary
If married or common-law, does your spouse work?

Percent Count Answers

60.0% 12/20 Yes

40.0% 8/20 No

100.0% 20/20 Summary
How many children do you have?

Percent Count Answers

15.0% 3/20 None

35.0% 7/20 1

45.0% 9/20 2

5.0% 1/20 3 & up

100.0% 20/20 Summary

This survey is powered by Infopoll - Internet Survey Engine for Business Intelligence.

SMALL BUSINESS OWNER SURVEY

Live Report

Type of business

How long have you been in this business?

Please state the nature of your business.

Do you have any employees?

If yes, how many?

Do your employees have group benefits from your business?

Please rate the following statements...

How optimistic are you about the Canadian economy today?

How many banks do you deal with for your business

Please rate the following as...

In general how would you rate your level of satisfaction with the bank/s you deal with today?

Have you ever been approached by an insurance agent?

If yes, on how many occasions?

Presently do you have:

How important is it for you as a small businessowner to have the following:

Today do you have assets invested in

How would you evaluate your knowledge of

How financially secure do you feel you are today...

How financially secure do you feel your family is today...

How would you rate your expectations of a good insurance or investment advisor?

On the list below, is there anything you will eventually wish to purchase?

If yes, when

Would you eventually want to have help on the following?

One day, will you wish to plan the transfer of the business ownership to your children?

At what age do you wish to retire?

At what age do you expect you will retire?

Please provide us with your name and your business name

Sex

Age group

Marital Status

If married or common-law, does your spouse work?

How many children do you have?