A recent survey carried out by the Canadian Gay and Lesbian Chamber of Commerce and Deloitte, found that LGBTQIA2S+ entrepreneurs still faced discrimination and systemic barriers to their success. According to the study:
- 21% of respondents faced challenges and discrimination due to their sexual orientation
- 25% of respondents had lost business opportunities for being part of the LGBTQ+ community
- 41% identified challenges acquiring funding and financing, and
- 33% were unable to access mentorship opportunities
Despite facing these impediments to their success, LGBTQIA2S+ entrepreneurs are an economic force to be reckoned with. Canada is home to over 100,000 LGBTQIA2S+ owned businesses, employing half a million Canadians, while generating over $22 billion in annual revenues. In other words, LGBTQ+ business is big business, and their continuing success plays an important role in the Canadian economy.
If you’re an LGBTQIA2S+ entrepreneur looking to start or grow your own business, we’ve gathered a list of dedicated resources to help you on the road to success.