ADMS 3920 Chapter Notes - Chapter 1: Micro-Enterprise, Paternalism

• School: York University
• Department: Administrative Studies
• Course: ADMS 3920
• Professor: all

Document Summary

Entrepreneurial opportunity economically attractive and timely opportunity that creates value; the true opportunity exists only for entrepreneurs who have: interest, resources; and, capabilities. Entrepreneur a person who launches, builds, and/or operates a business. Second generation operators of family owned firms. Owner managers who have bought out the founders of the existing firms. Small business managers on the other hand receive a specified compensation, and hence do not assume business risk. According to statistics of canada 2009, there are 1,114,915 small businesses and over 2. 7 million self-employed workers. Some additional key facts are: over 98% of small businesses have fewer than 100 employees, small businesses with fewer than 100 employees contribute about 42% to canada"s. Gdp: small businesses employ approximately 5 million canadians or 48% of the total labour force in the private sector, slightly more than one third of self-employed workers are female.