COMM 100 Lecture Notes - Small Business, New Idea, Business Cycle
Document Summary
Entrepreneurship: accepting the challenge of staring and running a business. Why become entrepreneur: new idea, process or product. 2: challenge, family pattern (e. g. pilkington, walmart, profit. Entrepreneur skills: self-directed, determined, action-oriented, highly energetic, tolerant of uncertainty, able to learn quickly. Women entrepreneurs: financial need, lack of promotion opportunities, women returning to the workforce, public awareness of women in business, part-time occupations, higher rate of success for women. Micro-enterprise: a small business defined as having fewer than five employees. Intrapreneurs: creative people who work as entrepreneurs within corporations. Most small businesses in canada are canadian owned. Almost 2. 5 million self-employed people in canada. Represents 15% of the total labour force but employs 49% of total private sector labour force. Accounts for almost 98% of all employer businesses. Buy a franchise unit (e. g. mcdonald"s, blenz, keg) Successful business management requirements: write a business plan, get some experience, get adequate funding.
