MGTA01H3 Chapter Notes - Chapter 3: Franchising, High Tech, W. M. Keck Observatory
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MGTA01H3 Full Course Notes
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Chapter 3: understanding entrepreneurship, small business, and new venture. Every day, approx 380 businesses started in canada. New firms create most jobs, noted for their entrepreneurship and typically small. But doesn"t mean that most small businesses are entrepreneurial. Various measures: # of ppl business employs, company"s sales revenue, size of investment required or type of ownership structure business has: business register (which tracks businesses, labour force survey (which tracks individuals) Industry canada is main federal government agency responsible for small business. Gov"t relies on 2 distinct sources of info when reporting canadian small business stats: To be included in register, business must have at least one paid employee, annual sales of , A goods-producing business in register is considered small if it has fewer than 100 employees. Service-producing business small if it has fewer than 50 employees. Labour force survey uses info from individuals to make estimates of employment and unemployment levels.
