MGTA05H3 Chapter Notes - Chapter C: Franchising, Main Source, Life Insurance

• School: UTSC
• Department: Management (MGT)
• Course: MGTA05H3
• Professor: Murphy Lawrence

Document Summary

Mgta05 section c: entrepreneurship and the smaller business: The links among small business, new venture creation, and entrepreneurship: Industry canada main federal government agency responsible for small business: reporting statistics relies on two distinct sources of information. The labour force survey (which tracks individuals: to be included in the register requirements: Goods-producing business in the register is considered small if it has fewer than 100 employees. When either of these indicators is used to find businesses to study, the # of new firms will be underestimated. Small business an owner-managed business with less than 100 employees. New firm comes into existence: when it was formed, whether it was incorporated, if it sold goods and/or services. Considered new (within the previous 12 months): if it has become operational, if it adopts any of the main organizational forms, if it sells goods or services. New venture (new firm) recently formed commercial organization that provides goods and/or services for sale.