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SMALL BUSINESS MANAGEMENT

SMALL BUSINESS MANAGEMENT. Chapter 1 Role of Small Business in Canada. The Entrepreneurial Revolution. Increase in the number of business Establishments Increase in the number of employees of small business Increases in government interest and programs. The Entrepreneurial Revolution.

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SMALL BUSINESS MANAGEMENT

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  1. SMALL BUSINESS MANAGEMENT Chapter 1 Role of Small Business in Canada

  2. The Entrepreneurial Revolution • Increase in the number of business Establishments • Increase in the number of employees of small business • Increases in government interest and programs

  3. The Entrepreneurial Revolution • Increases in the number of Small-Business related courses at Colleges and Universities • Increase in Entrepreneurial Activities in Large Businesses • Increases in Political Power of Small Businesses • Improvement in the Image of Small Businesses

  4. What is Small Business? • Comparison and Evaluation • Government Programs • Lending Programs • Number of employees • Total Revenue • Profits • Management-Ownership Structure

  5. Current State of Small Business in Canada • Young Entrepreneurs • Female Entrepreneurs • Immigrant Entrepreneurs • Entrepreneurial Activity by Industry • Entrepreneurial Activity by Region

  6. Contributions • Labor Intensity • Innovations and Inventions • Productivity and Profitability • bias for action • staying close to the customer • autonomy and entrepreneurship • productivity through people • hands-on value driven • simple form - lean staff

  7. Contributions (cont) • Flexibility • Canadian Ownership • Small Business Health as a link to Economic Growth • Social Contributions

  8. Small Business and the Future • Change • Technology • Consumer Demographics and Buying Patterns • Competitive Aspects of Markets • NAFTA, Global Markets, Large Business Response

  9. Small Business and the Future • The Economy • The Political Climate • The Social Climate

  10. Concept Checks • Why has there been an increase in entrepreneurial activity throughout the world in recent years? • What evidences are there that there is an entrepreneurial “revolution” occurring ? • Why is it important to define small business?

  11. Concept Checks • What are the criteria used to make the small business definition? • What is the extent of small business in Canada? • What two demographic groups have shown an increase in proprietorship in recent years in Canada?

  12. Concept Checks • What are the contributions small businesses can make to society? • What are the positive and negative factors which may influence the small business community in the future?

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