Textbook Notes (368,070)
Canada (161,617)
BUS 201 (122)
Chapter 4

BUS 201 Chapter 4 – Entrepreneurship, Small Businesses, New Ventures.docx

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Department
Business Administration
Course
BUS 201
Professor
Peter Tingling
Semester
Fall

Description
Chapter4EntrepreneurshipSmallBusinessandNewVentureCreationCanadianBusinesslandscape16ofworkforceisselfemployedoworkingownersofbusinessAbout380businessarestartedeverydaySmallbusinessesmake30GDPcontributioninpastdecade981ofallbusinessesaresmall17mediumsizes02large50havefewerthan5employeesSmallBusinessanindependentlyownedandmanagedbusinessthatdoesnotdominateitsmarketOwnermanagedbusinesswith100employeesIndustryCanadamainfederalgovernmentagencyresponsibleforsmallbusinessesTheBusinessRegistrartrackbusinessesoMusthaveatleastoneemployeetobeincludedoAnnualsalesrevenueof30000oOrbeincorporatedoGoodsproducingbusinessissmallif100employeesoServiceproducingbusinessissmallif50employeesoNotcountedifunincorporatedbusinesswnoemployeesonlyownerProvideenvironmenttousepersonalattributesegcreativityofentrepreneursNascententrepreneurspeoplewhoaretryingtostartabusinessfromscratchInastudyof4yearsonly15incorporatedtheirfirmsNewVenturerecentlyformedcommercialorganizationthatprovidesgoodsandorservicesforsaleDeterminedbywhenitwasformedifitisincorporatedifitsellsgoodsservicesHastobecomeoperationalwinprevious12monthsAdoptsamainorganizationalformproprietorshippartnershipcorporationcooperativeRolesinCanadianEconomyoCreatejobsoResponsibleforamajorityofproductsandservicesoWomenaccountforhalfofallnewbusinessesformedOnlylead12ofbusinessesthatexportoMompreneurswomenrunningbusinessesfromhomeEntrepreneurshipprocessofidentifyinganopportunityinthemarketplaceandaccessingtheresourcesneededtocapitalizeonitWanttocontroltheirdestinytakeachanceEntrepreneursabusinesspersonwhoacceptsboththerisksandtheopportunitiesinvolvedincreatingandoperatinganewbusinessventureIntrapreneurspeoplewhocreatesomethingnewwithinanexistinglargefirmororganizationDonthavetoconcernthemselveswithobtainingresourcesPrivatessectorthepartoftheeconomythatismadeuponcompaniesthatarenotownedorcontrolledbythegovernment11248400employeesin2013smallbusinessesaccountformorethan23ofemploymentin5industries
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