Why PEI Entrepreneurs are so successful
PEI punches way above its weight – Why?
Few places in Canada could be further away from the main markets of North America. Few places have less resources than PEI. But I found last week, as I travelled with StartUp Canada around PEI, that our entrepreneurs are doing very well.
Many have operations, such as Marks Work Warehouse and Island Abby Foods, that are amongst the best in class. Many have businesses, such as BioVectra and DME, that have found a niche that makes them unrivaled in the continent. Many are astonishingly novel like Thinking Big and Screenscape.
Why should small businesses in a small place be so competitive?
It’s in the Island DNA
PEI is too small and too far away to attract large mature businesses from away. So business on PEI is naturally always small and owner operated. And because PEI itself is small, PEI business has always…
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