Canada Is Losing Businesses Faster Than It Can Replace Them with Brianna Solberg
About this episode
The episode discusses Canada's entrepreneurial drought and the challenges facing small businesses.
Episode 337 of The Business Development Podcast features a powerful and timely conversation with Brianna Solberg of the Canadian Federation of Independent Business, diving deep into what is now being called Canada’s “Entrepreneurial Drought.” Backed by real data, the episode uncovers a troubling reality: more businesses are closing than opening in Canada for six consecutive quarters, marking the worst startup activity outside of the pandemic. Together, Kelly and Brianna break down the mounting pressures facing small and medium-sized businesses, including rising costs, labor shortages, declining consumer demand, and a growing sense that entrepreneurship in Canada is becoming increasingly unsustainable. But this conversation goes far beyond economics. Kelly and Brianna explore the deeper, long-term implications of this trend, highlighting how the decline of small business threatens the very fabric of Canadian communities. From lost local jobs and reduced economic circulation to the erosion of vibrant main streets and community identity, the impact is far-reaching. The episode also outlines potential solutions, including reducing the cost of doing business, cutting regulatory red…
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