Leave room for courage

The first years of a young shoot are like a long desert crossing with very few oases along the way. (Photo: Pierre Saladin for Unsplash)

Leave room for courage

“They didn’t know it was impossible, so they did. Nothing better reflects the entrepreneurial spirit than this wonderful quote from Mark Twain. It’s true that you have to be incredibly brave, even a little idealistic, to dare to start your own business. After all, the challenges, like the risks, are enormous. Conversely, the reassuring sirens of workers ’wages have never been attractive, as labor shortages currently ensure competitive, albeit exceptional working and wage conditions.

Our blogger Dominic Gagnon titled: “Don’t be an entrepreneur! ”, Which lists in its text the difficult conditions related to the reality of being one’s own boss. The founder of Connect & Go says you have to be “completely mad to make this choice”.

However, many reckless people allow themselves to be tempted by adventure every year … and unfortunately break their teeth. On their first attempt, at least. The observation is clear: 35% of young shoots will not celebrate their fifth candle. The most important period between start -up and commercial profitability, better known in the industry as the “valley of death”, is often fatal for them. Our headline (p. 8) provides a floor to entrepreneurs who have passed through it and to others who have not survived it. Everyone confirmed this: the early years were like a long desert crossing with very few oases along the way.

This is unlikely to improve. Despite a Quebec start-up ecosystem as diverse as its dynamics and a nice $ 121.7 million envelope announced by the government at the end of May to support entrepreneurship, global economic uncertainty will not work in favor of innovators. Y Combinator, Silicon Valley’s most prestigious accelerator, didn’t hesitate to warn start-ups under them: expect the worst, because the next few years will be tough, especially for companies born five years ago.

Coincidentally in “Les Affaires”, we specifically like fearless people, those who want to change things by contributing to something bigger than themselves. Not only are we a solution -focused medium, but we also want to be part of the solution.

This is why we have partnered with the Regroupement des jeunes chambres de commerce du Québec by combining their respective initiatives (rest in peace on the Start-up Challenge!), To launch an ambitious competition in the province: the Scotiabank Growth Challenge (p. 10). This will allow the two of us to promote promising start-ups and support them with their growth concerns. The call for applications has been officially launched. If the previous paragraphs are not enough to discourage you, dare to submit your application here: https://bit.ly/3aJgOt7.

I wish you a very nice summer. Take the opportunity to recharge your batteries, be brave and fill with ideas. Let’s meet in the fall!

TICKET. “They didn’t know it was impossible, so they did.” Nothing better reflects the entrepreneurial spirit than this wonderful quote from Mark Twain. It’s true that you have to be incredibly brave, even a little idealistic, to dare to start your own business. After all, the challenges, like the risks, are enormous. Conversely, the reassuring sirens of workers ’wages have never been attractive, as labor shortages currently ensure competitive, albeit exceptional working and wage conditions.

Our blogger Dominic Gagnon recently titled: “Don’t be an entrepreneur!”, Which listed in his text the difficult conditions associated with being your own boss. The founder of Connect & Go says you have to be “completely mad to make this choice”.

However, many reckless people allow themselves to be tempted by adventure every year … and unfortunately break their teeth. On their first attempt, at least. The observation is clear: 35% of young shoots will not celebrate their fifth candle. The most important period between start -up and commercial profitability, better known in the industry as the “valley of death”, is often fatal for them. Our headline provides a floor to the entrepreneurs who went through it and to others who didn’t survive it. Everyone confirmed this: the early years were like a long desert crossing with very few oases along the way.

This is unlikely to improve. Despite a Quebec start-up ecosystem as diverse as its dynamics and a nice $ 121.7 million envelope announced by the government at the end of May to support entrepreneurship, global economic uncertainty will not work in favor of innovators. Y Combinator, Silicon Valley’s most prestigious accelerator, didn’t hesitate to warn start-ups under them: expect the worst, because the next few years will be tough, especially for companies born five years ago.

It turns out that Deals, we particularly like fearless people, those who want to change things by contributing to something bigger than themselves. Not only are we a solution -focused medium, but we also want to be part of the solution.

That’s why we partnered with the Regroupement des jeunes chambres de commerce du Québec by combining their respective initiatives (rest in peace Start-up Challenge!), To launch an ambitious provincial competition: the Scotiabank Growth Challenge. This will allow the two of us to promote promising start-ups and support them with their growth concerns. The call for applications has been officially launched.

If the previous paragraphs are not enough to discourage you, dare to submit your application here: https://bit.ly/3aJgOt7.

I wish you a very nice summer. Take the opportunity to recharge your batteries, be brave and fill with ideas. Let’s meet in the fall!

Marine Thomas
Editor-in-Chief, Les Affaires
marine.thomas@groupecontex.ca
@marinethomas

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