CANADA Women-owned businesses generate less money than men
Survey found on average women make $68,000 less revenue compared to men
When Dionne Laslo-baker sought a bank loan to expand her burgeoning organic Popsicle and freezies business in 2014, she was shocked by the patronizing feedback she says she received from a male banker.
“One of them said not only that they couldn’t fund us, but, why am I bothering to do this?” she said. “I have a very successful husband, who makes a very good salary ... Why are you kind of disrupting the peace?’”
She felt defeated.
Her request for funding to scale up B.c.-based Deebee’s Organics was “quashed without question.” A small Southern Alberta town has made recent headlines for not one, but two alleged incidents of anti-indigenous racism, prompting activists to say these are not “one-off events.”
First, a Cardston doctor allegedly told a group of homeless Indigenous people to “get a job” and sardonically offered them Tylenol 3s in May. Then last week Cardston community members took to social media after an A&W employee allegedly refused to serve an Indigenous couple trying to buy food for an Indigenous elder sitting outside of the restaurant.
Fraser Logan, a spokesperson for the RCMP, said there is no record of the A&W incident and could not offer specific details about the case involving the doctor.
“The job of the RCMP is to investigate crimes when complaints are made,” Logan added. “All calls and all complaints are treated and investigated equally.”
It was one of the first times she realized that women entrepreneurs face bigger barriers than their male counterparts.
And a lack of access to capital is one of the biggest challenges for women entrepreneurs, a new study suggests.
The wage gap between men and women has been longstanding — with women on average making 74 cents for every dollar of annual salary made by men, according to the most recent Statistics Canada data — but research by Paypal Canada and consulting firm Barraza and Associates suggests that this dynamic also applies to those who own small- and medium-sized businesses as well.
Businesses owned by women generate an average of $68,000 less revenue than men who run similar businesses, representing a gap of Niitsitapi Peace Camp in Cardston.
Indigenous activists believe anti-indigenous racism in southern Alberta isn’t being addressed adequately.
“These aren’t isolated incidents that are happening,” said Nadine Eagle Child, a founding member of the Apiistamiiks White Buffalo Trail Blazers.
Eagle Child and two colleagues formed the Apiistamiiks and partnered with the John Humphry Centre for Peace and Human Rights and the Alberta Hate Crimes Committee to help southern Albertans report hate crimes. Deebee Organics owner Dionne Laslo-baker with finance analyst Sanjeev Kang during a meeting at her office.
58 per cent, according to the online survey of 1,000 Canadian small- and medium-sized businesses between Jan. 26 and Feb. 28.
The findings suggest that the median annual revenue for businesses owned by men across six different categories of firms ranging from manufacturing to services was Shopify is taking aim at weapons companies by banning the sale of some firearms and accessories on its platform.
The Ottawa-based e-commerce giant quietly made changes to its policies this week to keep its merchants from using its technology to sell everything from semi-automatic firearms that accept detachable magazines to accessories including grenades, rocket launchers and flash and sound suppressors.
The company did not elaborate on why it changed its policy or how soon gun-sellers will have to vacate the site.
But it said it “may further refine our policies as needed.”
The changes angered Florida-based firearms-maker Spike’s Tactical, which claims to earn millions of dollars through the platform every year.
$118,000, but $50,000 for those owned by women. Online surveys cannot be assigned a margin of error because they do not randomly sample the population.
The gender revenue gap is slightly smaller for businesses operating online, at $55,000 or 44 per cent, compared to offline businesses, which had a gap of $71,000 or 64 per cent, according to the survey.
One barrier to growth for women-owned businesses is access to capital, the survey suggested. Roughly 53 per cent of women-owned businesses with an e-commerce component said it was “easy” for their company to get business credit to grow their business, falling short of the 67 per cent of men who reported getting loans with ease, the survey found.
She believes attitudes are slowly changing, with more people expressing that her background as a mother and female entrepreneur is an asset, not a drawback, she said.
“As more women succeed, it’s going to pave the way.” Cameras and AI used to automatically recognize shoppers’ choices, charge them when they walk out
Cardston community accused of being anti-indigenous
Shopify bans sale of certain firearms on its platform
Automated-checkout startups aim to revamp retail