Learn how to capitalize on emerging opportunities with an entrepreneur list built from New Business data to help your business soar in 2025.
Riding Highs and Lows: December’s Business Activity Explained
Cleanlist reported that 22,810 new businesses opened in Canada in December 2024. This is a significant 77.9% increase month-over-month from November 2024 to December 2024 and a large 56.1% increase year-over-year from December 2023 to December 2024.
Additionally, Cleanlist reported 20,132 business closings in December 2024, a huge 98.7%% increase month-over-month from November 2024 to December 2024 and a massive 164% increase year-over-year from December 2023 to December 2024.
What caused the significant surge in business openings and closures in December 2024?
Regarding business openings in December, there seems to be an upward trend toward seasonal entrepreneurial activity as many individuals and organizations aim to establish businesses before a new year begins. Looking back at 2023 trends, we noticed a significant jump in new business activity from November to December that year as well. However, this year’s data reveals quite a substantial increase in new businesses, likely due to the GST/HST tax break introduced by the Government of Canada, which provides a two-month tax break on holiday essentials from December 14, 2024, to February 15, 2025.
While the new business openings were substantial, business closings skyrocketed in December 2024. This trend is not typical among businesses in the month of December but could be influenced by inflation, increased online spending and the financial strain of meeting year-end obligations. The dichotomy between spikes in openings and closures suggests a dynamic business environment where economic pressures force out businesses that cannot sustain operations, creating opportunities for others.
Why New Business Openings Matter to You
New businesses are big spenders in several B2B categories. These potential customers need products including:
- office supplies,
- technology (computers, software, etc.),
- credit cards and financial services such as payment processing,
- furniture and fixtures,
- marketing and advertising,
- office real estate,
- delivery services,
- insurance (business insurance, liability insurance),
- legal, accounting, and other professional services,
- employment recruiting and advertising,
- employee benefit programs,
- travel and transportation,
- raw materials and inventory,
- equipment,
- training and staff development,
- website development services,
- online marketplaces,
- internet and telecommunication services,
- office maintenance and cleaning.
Generating leads by creating an entrepreneur list from new business lead data enables companies that supply these products and services an opportunity at an early stage to quickly establish relationships with decision-makers and become their go-to supplier as they expand and grow. Savvy marketers know the benefits of such targeted leads and quickly connect with these businesses.
Let Cleanlist’s New Business Lead Data Help You Build an Entrepreneur List
Data accuracy is critical when creating lead lists of new business contact information because you want to make a great first impression. Trust Cleanlist’s data solutions to build your B2B sales lead database of accurate contact names, emails and phone numbers.
