ADM 1100 Lecture Notes - Social Entrepreneurship, Business Plan, Positive Force

• School: University of Ottawa
• Department: Administration
• Course: ADM 1100
• Professor: Patrick Woodcock

Document Summary

Industry canada identifies small businesses as fewer than 100 employees. Big companies are buying small innovative firms. 17% are successful after 4 year; 33% failures; 50% open. Managing inexperience or inadequate funding (inaccurate budget estimation) The larger the business, the easier it is to deal with gov regulation. The more the business grows, the more it needs to have finance (to hire new salespple, to have larger services, etc. ) Collective (cooperatives) businesses are like a partnership but it is different because there is a limited liability (it acts like a partnership however) gets credit unions, coops. Entrepreneurs work the hardest no support staff/ financial resources: some opportunities for entrepreneurship: globalization (in canada it has helped for example because of import/export, ideas, etc. Not a business oriented personality per se. ~23 000 new businesses start every year in canada. Every different reason, you must write the plan diff.