21 Jun 2012

Small businesses create 50 percent of jobs

A new report by Ernst & Young shows that while small businesses contribute strongly to a nation's economy, they often have trouble attracting investors.

The Calgary Herald reports the study shows small businesses account for 50 percent of the employment in G20 nations, indicating that these smaller companies are a key factor in any country's economic growth. Despite this, the companies only attract 6 percent of the total investment in these nations.

"Access to funding continues to be one of the most significant challenges for the creation, growth and survival of SMEs, particularly innovative ones," Colleen McMorrow, Ernst & Young’s Entrepreneurial Services Leader in Canada, told the news source. "In our survey of more than 1,000 entrepreneurs across the G20, almost two-thirds found access to finance difficult in their country."

Money can be tight for those starting a small business, which is why many are turning to the affordable Toronto self storage rates offered by Jiffy. Self storage units at Jiffy can be used as a workspace for those starting a small business, or as document storage for those who currently have one.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business could use to help improve productivity.

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