Canada is a startup hotbed, with Toronto and Vancouver ranked 11th and 19th respectively
on Startup Blink’s ecosystem rating. That said, even with a supportive business environment
and a robust network of funds, credits, and grant financing, building a successful startup
remains statistically elusive. Even in Canada, not every entrepreneur makes it.
There’s no magic formula to make any business fail-proof. That doesn’t mean, however, that
there aren’t lessons to be learned or things to avoid that will amplify your likelihood of
success. Dissecting what the main causes of failure are and comparing them against best
practices for success can lead to some very valuable insights.
