There’s a reason why “Dragon’s Den” is one of the most popular television shows in the country. Canadians loves a good entrepreneur story.
A recent CBC article asks whether incoming Canada prime minister Justin Trudeau will be friendly to entrepreneurs. It’s an important question, because the decisions he will make during his time in office will have a huge impact on business and the economy for decades to come.
During the election cycle, Trudeau was maligned by many for promising to run a deficit. While this may appear to be unwise, entrepreneurs understand how short-term losses lead to long-term gains.
In order to ensure long-term growth of the Canadian economy, Trudeau and the Liberal Party must invest in technology and innovation. They also have to boost funding for skilled jobs training. The legalization of marijuana is something Trudeau has pledged to see through as well. Canadian cannabis entrepreneurs would love to see Canada become a world leader in the production and sale of marijuana.
Many see Canada as being on the brink of big change for the better. If Trudeau acts more like an entrepreneur and less like a politician, the Canadian economy may become the most vibrant and prosperous in its history.
One need only look to our neighbors to the south for examples of entrepreneurship—and how doing business across the border can be beneficial. There are several entrepreneurs in the U.S. that have had success both in their country and by doing business in the U.S. For example, Frank VanderSloot, an executive board member of the U.S. Chamber of Commerce, owns a $1 billion American company that has successfully been doing business in Canada for over 20 years.
Because Canada has one of the top educational systems in the free world, it should be the best place on earth for entrepreneurs to thrive. Trudeau’s plans to fund startups is a great idea and one that will encourage highly educated Canadians who possess the entrepreneurial spirit.
Let’s hope Trudeau follows through on his plans and promises.