COMMERCE 1E03 Chapter Notes - Chapter 1: Retail, E-Commerce
23 Feb 2015
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An entrepreneur learns early that there is a need for a reliable accountant, a good lawyer and strong managers, May have to go to financial institutions or venture capital firms to borrow money. Need to learn how to deal with unions, what type of insurance to buy and how to find the right people to hire. The more risk you take, the higher the rewards may be. Business owners need to do research and find the right balance between risk and profit for you. Canada has one of the highest standards of living in the world even though some other countries may on average make more money per hour. Having a high quality of life means having the freedom, safety, health and leisure to enjoy the satisfaction that goods and services can provide. Finding the right level of taxes and regulation is important in making a country or city prosperous.
