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ENTREPRENEURIAL SUCCESSION

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Preparing for the entrepreneurial future

Over the next ten years, Quebec could witness a very significant wave of business closures due to the retirement or retirement of the business of a majority of business owners.

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This pressure on our economy, coupled with a decrease in the proportion of Quebecers who want to start a business, could lead to significant job and sales losses.

This is what was observed in Japan, which had to deal with a 21% reduction in its number of SMEs in just fifteen years (between 1999 and 2014). In Quebec, such a scenario would represent the closure of more than 50,000 SMEs with at least one employee. The consequences of such a wave of business closures would be devastating for the province's economy. It is therefore crucial that Quebec entrepreneurs and existing businesses be prepared to take over these businesses and create new ones.

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It should also be noted that competition and operating costs in certain sectors of economic activity require companies to reach a larger size and a higher turnover in order to remain competitive and have access to public tenders. For all these reasons, the implementation of programs and public policies that support the emergence of a new generation of entrepreneurs and that facilitate the takeover of businesses, especially as a scale-up strategy for existing businesses, is essential.

“The number of entrepreneurs is decreasing in Quebec, and has been for many years. Between 2011 and 2021 alone, there was a 27.4% drop in the number of entrepreneurs, from 183,600 to 133,400. The rate of established entrepreneurs among the adult population is at a record low of 3% in Quebec compared to 7.2% for the rest of Canada.”

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The place of the social economy

Investing resources in measures supporting collective recovery and collective entrepreneurship is in the common interest, especially in the context of an aging population, the growth of social inequalities and the acceleration of the effects of climate change.

Indeed, aiming to increase the proportion of Quebec businesses that belong to the social economy (around 6% currently) is a winning strategy since social economy businesses are on average much more resilient than private companies: 85% of social economy enterprises have been operating for more than 10 years, compared to only 43% for private companies. This sustainability of EES is explained in part by the fact that they stick to the needs of the community and in turn can rely on the continued support of the community they serve, which has a stake in achieving their social mission.

By supporting the emergence and development of collective enterprises, we can therefore stabilize markets, ensure better alignment between the needs of the population and the goods and services offered, and reduce the risk of our Quebec businesses relocating or taking over by interests outside Quebec. Finally, let's not forget that in addition to their territorial roots and stability, social economy enterprises often make it possible to compensate for shortcomings in the traditional market and to meet needs otherwise neglected by private companies.

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Socioecological transition

Thématique transversale

The preparatory work for the Summit, for each theme addressed, will commit to integrating the varied perspectives from different groups in society on issues of equity, diversity and inclusion.

Whether we are talking here about historically marginalized people, people with disabilities, people with disabilities, people of color or youth, a differentiated perspective will be taken on all themes, proposals and recommendations in order to ensure that aspirations, innovative ideas or particular perspectives are integrated into the thinking process.

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Diverse perspectives

Thématique transversale

The social economy movement has undergone a remarkable evolution, diversifying and developing new aspirations that redefine its essence. Within this evolution, historical issues are re-emerging in new contexts.

However, a crucial question arises: how inclusive is this movement, responding to the concerns of all groups that make up Quebec society? The preparatory work for the Summit, for each theme addressed, will commit to integrating the varied perspectives from different groups in society on issues of equity, diversity and inclusion.

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Local and democratic governance

Thématique transversale

The social economy offers concrete solutions to the most pressing problems of municipalities.

Structuring policies and measures in the social economy are being put in place throughout Quebec in order to build the relationship between the public and the collective. How can these social economy policies and practices inspire more local governments to adopt measures that will facilitate the development of social economy enterprises and the solutions they offer?

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Collective real estate

Thématique transversale

Increasing the number of non-profit housing is, in many ways, the cornerstone of a sustainable exit from the housing crisis.

Beyond this issue in which the social economy must play a key role, several questions arise in terms of the protection of built heritage and land use planning. What financing tools need to be developed? What are the sustainable solutions for the protection of heritage? What alliances could increase the percentage of rental stock in the social economy?

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The elderly

Thématique transversale

Quebec is facing an aging population. The social economy has a key role to play, now and in the future, with solutions that focus on accessibility, quality and sustainability.

How to ensure a decent quality of life for seniors by focusing on the community taking care of their needs? How can we develop, in all regions, an offer of adequate, accessible and affordable services, such as transport and home care, to enable seniors to remain in their living environment longer?

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Food

Thématique transversale

Across Quebec, initiatives are being developed to respond to food insecurity and build food autonomy.

Whether through short circuits, more sustainable environmental practices, a reorganization of logistics or the model of land ownership and exploitation, the objective is to produce and consume in a more sustainable way. How can we think about food autonomy in a logic of territorial development? How to meet the needs of communities while taking into account economic and environmental realities?

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Environment

Thématique transversale

Public administrations and governments pay huge amounts to manage the waste of citizens and businesses.

Collections, sorting centers and landfills involve major expenses. Across Quebec, an entire network of social economy enterprises in the management of residual materials is offering new ways to reduce the quantity of waste by focusing on source reduction, reuse and recycling. How to ensure innovative and socially profitable business models that are socially profitable as well as economically and environmentally viable?

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Culture

Thématique transversale

The cultural environment is undergoing major upheavals, both in the production of cultural offerings and in the way culture is distributed and consumed.

Several strategies are being tested in order to increase access to a relevant and quality cultural and information offer: sharing of equipment and installations, sharing of data between theaters, etc. What collective initiatives should be supported in order to highlight and enhance the importance of culture in territorial vitality?

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Equity and employment

Thématique transversale

The shortage of labor leads to increased costs for all interventions, whether private, public or collective, delaying social progress.

This situation is particularly worrying when the sectors affected are those on which our social services are based or those that contribute significantly to local services and to the quality of life of Quebec communities, especially within collective enterprises. How can we value jobs in the social economy?

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The next generation of entrepreneurs

Thématique transversale

Knowing that a large number of small and medium-sized enterprises (SMEs) in Quebec will close in the coming years due to lack of buyers, entrepreneurial succession is a major challenge for the economic and territorial vitality of Quebec.

One of the strategies to remedy this devitalization is that of collective entrepreneurship, in cooperative or NPO form. At the same time, collective entrepreneurship is considered, especially among young people, as a way of doing business in several sectors, particularly because of its social impact.

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