Recently, a number of us at Crowe Soberman were fortunate to
meet a young fashion designer and visionary entrepreneur, Laura
Laura is a Toronto native who launched her first socially
conscious collection in 2012. Laura's identity as a designer
has been shaped in large part by her encounters with artisans in
Kenya, Peru and India. These artisans, usually women, have
practiced their crafts for generations. The sale of these pieces
supports their families and in some cases sustains entire
Sustainable Fashion & Business = Empowering
Learn why sustainability and community partnerships are
important to us.
Watch our video of Susan and Laura as they share their reasons
for supporting a group of Kenyan artisans.
The sharing of knowledge between generations is both an economic
and a cultural process; families and communities are built and
strengthened by this grass roots entrepreneurialism, and Laura and
her company have been able to provide guidance, structure and
support to these women and their businesses.
What is important to note is the surprising number of
commonalities between the stories of these artisans and Canadian
Women retain ownership in almost half of the small and medium
sized enterprises in Canada. In 2011, the economic contribution of
female-owned business was an estimated $148 billion, with a
forecast increase of 10 percent over the next 10 years, according
to "Women Grabbing the Baton," a recent RBC Economics
There are as many reasons for starting a business as there are
business start-ups. We know Canadian women tend to start businesses
because they feel passionate about an idea and/or to make life
better for their families, whether by providing more financial
resources or more flexibility in terms of time. A 2012
Forbes article reinforces this, stating women tend to
start businesses that "align with personal values and offer
freedom and flexibility."
Not only do women start businesses for reasons that may differ
from men, women entrepreneurs tend to perceive or experience
different impediments to growth than do their male counterparts.
The RBC Economics Report states that female-led businesses face
more impediments in obtaining financing for expansion. A
wide-ranging British study identified "lack of sufficient
managerial experience, capital and access to business
networks" as posing particular challenges to women business
At Crowe Soberman, we have been working with women business
owners since the inception of our firm. In 2015, we will celebrate
the 20th anniversary of our Women for Women program, a networking
and resource sharing program established to provide opportunities
for our female professionals to get to know our female clients and
colleagues better. As the firm with the highest percentage of women
partners in our market, we have a special affinity for women
business owners. Your successes are our successes.
Here, three of our female partners offer some 'words of
wisdom' for women who are business owners:
"Women often negotiate more effectively for others than
they do for themselves. As your business advisors, we understand
your business and can provide perspectives and options you may not
have considered prior to a big "ask" or negotiation.
Another set of eyes always helps!" - Chandor Gauthier, Partner
– Audit & Advisory
"It is important that woman entrepreneurs think
globally in order to really expand their businesses to the maximum
potential. Working with our affiliates around the world, I see
multiple opportunities and enjoy using my expertise and connections
to open up new frontiers." - Karyn Lipman, Senior Partner
"Support and expertise that goes beyond simply
understanding the financial results of your business is essential
in order for you to continue to see your business grow." -
Debby Stern, Deborah Stern CPA Professional Corporation, Partner
– Audit & Advisory
To learn more about our Women for Women program and events,
click here or connect with one of our advisors.
Under the Income Tax Act, the Employment Insurance Act, and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions or GST.
Under the Income Tax Act, the Employment Insurance Act, the Canada Pension Plan Act and the Excise Tax Act, a director of a corporation is jointly and severally liable for a corporation's failure to deduct and remit source deductions.
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