Interesting Statistics
There are approximately 30,000 new small businesses started in Canada annually with 80% of these failing within the first five years of operation.

There are currently 22,500 registered Aboriginal small businesses across Canada which experience similar fates as the Non-Aboriginal businesses, for similar reasons.

Factors Contributing To Business Failure
There are many factors that can contribute to business failure such as a lack of operating capital in the start up phase, an inexperienced management team, market demands, cost of goods, lack of raw material supply, and the list goes on depending on the type of business.

We feel the most common factor that contributes to the 80% failure rate is simply knowing how to start a business, but not knowing how to run a business successfully.

H.E.R.O.’s Business Programs