Textbook Notes (367,776)
Canada (161,389)
MGTA01H3 (583)
Chapter 3

MGTA03 Chapter 3 Notes.docx

2 Pages
67 Views
Unlock Document

Department
Management (MGT)
Course
MGTA01H3
Professor
Chris Bovaird
Semester
Winter

Description
Chapter 3 Understanding Entrepreneurship, Small Business, and New Venture Creation The Links among Small Business, New Venture Creation, and Entrepreneurship The terms small business, new venture, and entrepreneurship are closely linked terms Small Business It is hard to define a “small business”. Some things to look at are:  Number of employees  Companies sales revenue  Size of investment required  Type of ownership structure the business has The Labour Force Survey uses information from individuals to make estimates of employment and unemployment levels. Individuals: self-employed if they are working owners of a business that is either incorporated or unincorporated, if they work for themselves but do not have a business, or if they work without pay in a family Small Business: owner-managed business with less than 100 employees The New Venture/Firm Various criteria can also be used to determine when a new firm comes into existence Three of the most common are when it is form  Whether it was incorporated  If it sold goods and/or services A business is considered new if  it became operational with the last 12 months  if it adopts any of the main organizational form (proprietorship, partnership, corporati
More Less

Related notes for MGTA01H3

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit