MGTA01H3 Chapter Notes - Chapter 3: Externals, Failure Rate, Small Business
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Really easy to start a business in canada. No permission needed to start a business or fees. Just need to have health check-up etc. Canada is a developed country with a good gdp because canada is sympathetic to business. Everyone has the ability to go out and start a business. Good rule of law, clever people, good financial system, good transportation, technology allows for a good business environment. People who start businesses don"t record to add to the amount. You have to pay taxes if you have profit. Number of businesses guess is based on tax returns. If you"re below the minimum threshold you don"t have to file. 3. 4 million/2. 4 million = 15/1 = 1 business for every 15 people. Canada = 7th easiest country to start up a business. 50% work in business of 50 others. Jeffry prof from harvard asked to be entrepreneurs of chance of failing, and they presumed it to be very high.
