Factors influencing the creation of enterprises and success of young indigenous entrepreneurs in Quebec and Labrador, Canada

Lead Author Katia, Iankova
Institution Contact University of Greenwich Business school Senior Lecturer in Tourism and Hospitality QA 244 Greenwich Campus Old Royal Naval College Park Row London SE10 9SL UK
Theme Theme 3: Local and Traditional Knowledge
Session Name 3.2 Local and traditional knowledge in supporting business and community development in indigenous regions of the North
Datetime Thu, Sep 15, 2016 10:30 AM - 10:50 AM
Presentation Type Oral
Abstract text The proposed work is targeted at better understanding the mechanisms of economic development in Northern Native communities via the activities of young entrepreneurs. The objective is to identify the barriers and the key factors of success for start-up businesses owned by Indigenous young entrepreneurs in Quebec and Labrador, including interactions among family, friends and community that determine choice of businesses and the strategies that they apply to succeed.
The results of the research point out that main factors of success for the young Native entrepreneurs of the two Canadian provinces: Quebec and Labrador are: family and friends support and encouragement; education and skills development; appropriate business network; good understanding of the function of the funding bodies; good relationships with three levels of government – local, provincial and federal; training opportunities in and out of the communities; and last but not least the creative and innovative spirit of the young Native businessmen and businesswomen.
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