BMO Bank of Montreal is calling moms in business a “growing force” in Canada, noting that Statistics Canada has identified that 80% of new Canadian business owners are women, a large percentage of whom are moms.
BMO notes that according to industry figures, 70% of mompreneurs are under the age of 40, 10% are 40 to 49, and 20% are 50 plus.
BMO vice-president of commercial banking Cathy Pin advises potential mompreneurs to think carefully before launching into business.
Pin’s advice:
Jenny Wagler
Twitter: JennyWagler_BIV