Pride, happiness go together for Toronto small business owners

Toronto - When it comes to owning a small business in Toronto pride, accomplishment and happiness rank high according to The TD Small Business Happiness Index. Two-thirds of small business owners say that they are very happy.

Ninety-eight per cent of Toronto business owners say that owning their own business gives them a sense of pride and accomplishment according to the findings of the Index. The ownership of their own business had 87 per cent saying that they were happier running their own business. Despite that happiness owning a small business is hard work. Owners often work over 50 hours a week with 39 per cent working more than 60 hours a week. Connecting closely with employees and customers is a common theme as is giving back to their community. Eighty-six per cent of small business owners volunteer or donate money to local charities or sports teams. "Small business owners tell us that owning a business has many advantages, despite the day-to-day challenges that come with running a company like red tape, property taxes and attracting and retaining talent," Alec Morley, Senior Vice President, Small Business Banking, TD Canada Trust said in a press release. "If you have always dreamed of owning your own company and are interested in getting started, or need assistance in growing your small business, there are small business banking experts at TD Canada Trust branches across Canada who can help."