The SADC unveils the results of its study
“Profile and Needs of Entrepreneurs in Rural Areas”
The SADC recently conducted a major study of businesses in its territory in order to provide a portrait of entrepreneurship in rural Outaouais.
The SADC mandated SOM, an important market research firm, to conduct a telephone survey of business owners and leaders from the Collines-de-l’Outaouais RCM, the Papineau RCM, as well as from two urban sectors of the city of Gatineau, namely Buckingham and Masson-Angers.
The study specifically aimed to provide a portrait of each business (size, number and type of employees, revenues, etc.), to prepare a profile of business owners in the region and to better understand their succession plan should they decide to leave their business, and to identify the challenges they anticipate on a short-term basis as well as the anticipated needs to mitigate them.
A total of 300 interviews were conducted among the 1254 eligible businesses and organizations in the SADC de Papineau sector. Therefore, 20% of businesses in the territory were surveyed.
The main conclusions of the study:
- Rural businesses have a local outreach. In fact, 87% businesses’ products and services are sold directly within their RCM or in Outaouais. Only 2% of businesses export outside of Canada.
- Over the next five years, 41% of entrepreneurs will retire from their business, and 52% of entrepreneurs plan to sell or transfer their business to someone other than a family member. A quarter of entrepreneurs plan to close permanently.
- The majority of the concerned owners plan to outsource in order to sell or pass on their business. Only a quarter of the concerned owners have prepared a transfer plan for their business.
- Almost half of the businesses in the territory still do not have a website.
These observations have allowed the SADC to orient and improve its SME guidance service and to initiate local economic development projects focused on these realities.
About SADC de Papineau
For more than 30 years, La Société d’aide au développement de la collectivité (SADC) de Papineau, a NPO, has been offering financial and technical services that stimulate job creation and economic development in municipalities located in its territory. Being a reference in rural entrepreneurship, it supports the creation of local initiatives and supports local organizations in the implementation of structuring projects. The SADC is a member of CAE and the Réseau SADC; there are 57 SADCs and 10 CAEs working together to make the regions of Quebec more dynamic. www.sadcpapineau.ca
SADC de Papineau
819-986-1747, ext. 208