##  [ Three-quarter of Ontario’s small business owners have no plans to hire next year ](/articles/three-quarter-ontarios-small-business-owners-have-no-plans-hire-next-year) 

  Submitted by [Glenn Stewart](/whois/4205) on Tuesday, October 8, 2013 - 15:14 

 **Three-quarter of Ontario’s small business owners have no plans to hire next year, finds a study by Meridian, an Ontario-based credit union.**

*Additional findings include:*

- 90% are not expanding their current locations;
- 91% are not planning to open another location;
- 12% are planning to sell their businesses;
- 52% never seek advice or help from their financial institutions;
- The economy (22%) and saving for retirement (21%) are the leading worries that keep business owners up at night;
- 87% of Ontario small business owners identified cash flow (45%) and work/family balance (42%) as their top challenges; and
- 48% handle all of the many different job duties that come with owning a small business themselves.

 “For Ontario small businesses to grow and prosper they need to have a support network in place, which is why it came as a surprise that 52% of Ontario small business owners don’t ask for help when they need it,” says Jeff Brown, director of Small Business Banking at Meridian. ”Small business owners \[should\] take advantage of opportunities to grow their business, minimizing stress in their personal and professional lives.”



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