Mowing the lawn may be the ticket to the future.
A study of entrepreneurship conducted by RBC Royal Bank shows that the majority of Canadians, especially millennials, have secretly harboured a desire to own a business and to be their own boss. But the bulk of those have never taken that first big step towards turning the dream into reality. Only about a third of the group have actually done it.
The reasons for the reluctance are varied, but a lack of start-up capital is cited as the primary deterrent. The second biggest obstacle is the need for a steady paycheque. The third reason is a fear of failing.
Perhaps the most significant finding is that 80 per cent of Canadians say they would rather work for themselves.
Another interesting finding is that people who did entrepreneurial things as kids – such as mowing lawns, shovelling driveways or running lemonade stands – were far more likely to fall into the ‘I want to start my own business’ category.