ENT 526 Chapter Notes - Chapter 1: Dow Jones Industrial Average

• School: Ryerson University
• Department: Entrepreneurship and Strategy
• Course: ENT 526
• Professor: Agostino Menna

Document Summary

In 2011, there were approximately 1. 1 million employer-owned canadian businesses, of which approximately 98% were small businesses. Businesses with 100 or less employees are classified as small. Small businesses are the engine for job creation and a powerful force of innovation their share of r&d accounted for 31% of the total canadian expenditure. Stats canada found that 77% of new businesses last in year one but only 36% last for five years. The median range of small business owner"s equal wages/salary- but small business owners are earning equity as well as income so it"s better for them. When intel and microsoft got the opportunity to be traded on the djia as well as the nasdaq, it was the spark of the event called the entrepreneurial revolution. The internet has destroyed businesses models, i. e. the print media industry; so they have to revamp their direction. For non-internet related companies or sectors, there are other determinants for destroying.