MGTA01H3 Chapter 3: Chapter 3.doc
14
MGTA01H3 Full Course Notes
Verified Note
14 documents
Document Summary
Chapter 3: understanding entrepreneurship, small business, and new venture creation. 380 businesses are started in canada everyday: new firms create the most jobs, noted for their entrepreneurship and are typically small. Small business: measured using the # of ppl the business employs, company"s sales revenue, size of the investments required, type of ownership structure the business has. Industry canada responsible for small business: govt relies on 2 sources of info from stats. Cdn: business register (which tracks business) and the labour force survey (which tracks individuals) To be included in the register: business must have at least 1 paid employee, annual sales revenue of 30 000 or more, or be incorporated, goods producing business is considered small if less than 100 employees. Service producing business is considered small if less than 500 employees. Labour force survey uses info from individuals to make estimate of employment and unemployment.
