https://oinweb.ca/tag/economy/Recent content in Economy on Ontario Initiative NetworkHugoen-CAThu, 18 Apr 2013 20:44:46 +0000https://oinweb.ca/2013/04/18/why-smes-will-continue-to-grow/Thu, 18 Apr 2013 20:44:46 +0000https://oinweb.ca/2013/04/18/why-smes-will-continue-to-grow/<p>The current state of the economy has driven many to entrepreneurship. In the wake of massive lay-offs in the manufacturing sector, downsizing across all industries and renewed vows to create sustainability, SMEs are a powerful way to create diverse, real, and sustainable communities. Although entrepreneurship is not all rewards, here are 5 reasons why SMEs will continue to grow.</p> <h2 id="1-generation-y">1. Generation Y</h2> <p>Brought up to value their own individuality, talents and skills, research has shown that as this generation matures they are more entrepreneurial than those before them. They value the flexibility of entrepreneurship and bring passion and tech skills that allow them to work anywhere at anytime. In addition, this generation has lived at home longer, and has been less likely to purchase major assets (from cars to homes) permitting them to bootstrap and live on less income than generations before. In pure numbers, they represent a major “wave” of demographics, and the impact of their generation is just beginning to be felt.</p>