Textbook Notes (280,000)
CA (160,000)
UTSC (20,000)
MGT (800)
MGTA01H3 (600)
Chapter 3

Chapter 3


Department
Management (MGT)
Course Code
MGTA01H3
Professor
Chris Bovaird
Chapter
3

Page:
of 2
Chapter3
Midterm Friday, 29th October 7-8.30 pm
Ch. 1-5
40-45 multiple choice
3-4 short answers
Entrepreneurship and small Business
Small business: scale/importance in Canada Failure and Success
Entrepreneurs: Psychological Characteristics and Demographic Characteristics
Introduction
Canada is a market economy
Anyone may start a business
NO fees
NO government permission
To start new business: just...Begin
380 new businesses everyday
Small Business
Textbook definition: owner-managed business
oLess than 100 employees
Problem with that definition....
Small Business in Canada
www.notesolution.com
Impossible to know how many
We can only estimate
Recent estimate: 2.4 million
10% are self employed, work alone
Nearly 25% work in business <5 others
Nearly 50% work in business <50 others
www.notesolution.com