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Chapter 1

MGT 3806 Chapter Notes - Chapter 1: Intrapreneurship, Canada Revenue Agency


Department
Management
Course Code
MGT 3806
Professor
M I K E M A D O R E
Chapter
1

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Chapter 1: The role of entrepreneurship and small business in Canada
WHY STUDY THIS STUFF?
Students who study entrepreneurship are more likely to start a business
Students who enroll in entrepreneurship courses earn more money
Students who enroll in entrepreneurship courses learn about important topics such as,
business planning, managing growth, and family business
Students who study entrepreneurship develop critical thinking and problem solving skills
Due to trends in the workforce such as, outsourcing and subcontracting, many would-be
employees end up working for themselves.
People ho study etrepreeurship are ore likely to sueed i today’s orkfore
NATURE AND DEVELOPMENT OF ENTREPRENEURSHIP IN CANADA
Increases in the number of Business Establishments (500,000 people)
Increase in the Number of Employees of Small Businesses
Increases in Government Interest and Programs
2008 5.2 million self-employed people in Canada
Small and medium sized business make up 48% of the total work force (2008)
Increases in the number of small business related courses at colleges an schools
Increase in Entrepreneurial activities known and intrapreneurship in large businesses
Increases in political power of small business
Improvement in the image of small business
WHAT IS SMALL BUSINESS?
Comparison and Evaluation
Government Programs
Lending Programs
Number of employees
Total Revenue
Profits
Management-Ownership Structure
Stats Canada says if the biz has net sales of less than $1 million dollars
Lending Programs
Department of Industry - has less than 100 employees in manufacturing &
fewer than 50 in nonmanufacturing. BDC less than 75 people.
Depedig o the agey…..$5 Millio or less i reeue
Canada Customs & Revenue Agency Net profits of $300,00.00 or less
Idepedet Maageet, Oer supplied apital,size ithi idustry…
CURRENT STATE OF SMALL BUSINESS IN CANADA?
Young Entrepreneurs
Senior Entrepreneurs
Female Entrepreneurs
Immigrant Entrepreneurs
find more resources at oneclass.com
find more resources at oneclass.com
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