MGMT 1P93 Lecture Notes - Lecture 5: Angel Investor, Amit Khanna, Ipod
20 Feb 2018
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Document Summary
Not every small business owner starts as an entrepreneur. More than 25% of entrepreneurs have no interest in growth. Classic entrepreneurs" ideas can change the economic landscape. Finding the money: funding options for small business. You don"t have to deal with the prior owner"s bad decisions. It takes time, money, and sheer sweat to build a customer base. The concept, organizational structure, and operating practise are in place. Working with someone else"s idea may not be fun. Purchase price an ongoing royalties can be steep. Small business and the economy: an outsized impact. Canada has more than a 1. 1 million small business, 98% have fewer than 100 employees. 78% of small business operate in service industries. Just over 10% of small-and medium-sized businesses exported in 2011 but they exported more than million, or about 40% of exports by value. Depending on the estimates, small businesses contribute between 25%-41% to canadian"s annual.
