MGTA01H3 Lecture Notes - Labour Force Survey, Financial Plan, Business Plan
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MGTA01H3 Full Course Notes
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Small business: small business: an owner- managed business with less than 100 employees. # of employees company"s sales revenue size of investment required type of ownership structure: industry canada : responsible for small businesses, gov"t relies on business register and labour force survey. To be included, it must have: at least 1 paid employee, annual sales rev of , or be incorporated. Labour force survey: info from individuals to estimates employ and unemployment levels. # of new firms are always underestimated. Page | 1: new venture/ firm: recently formed commercial organization that provides goods and services for sale. If operated within the past 12 months. Adopted any organizational form (proprietorship, partnership etc. ) Entrepreneurship: entrepreneurship: the process of identifying an opportunity in the marketplace and accessing the resources needed to capitalize on it, entrepreneurs: people who recognize and seize opportunities. Occurs everywhere, public/ private sector, small/ old firms etc: intrapreneurs: people who create something new within an existing large firm/ organization.
