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Topic 3: Courses Common to All Skilled Trades: Entrepreneurial Awareness. SCO 1.09. SCO. Students will be expected to: 1.09 understand the potential of entrepreneurial ventures versus regular employment. . Self-employment. Self-employment is a viable option to employment by companies.

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topic 3 courses common to all skilled trades entrepreneurial awareness

Topic 3: Courses Common to All Skilled Trades: Entrepreneurial Awareness

SCO 1.09

slide2
SCO
  • Students will be expected to:
    • 1.09 understand the potential of entrepreneurial ventures versus regular employment.
self employment
Self-employment
  • Self-employment is a viable option to employment by companies.

Let’s look at a little info on this…

self employment in the trades
Self-employment in the Trades
  • While it may be a common perception that tradesworkers often run their own business or work independently, in 2007 they were self-employed slightly less often than workers in other occupations (15% and 16% respectively)
going solo
Going Solo
  • A much higher proportion of the self-employed in the trades were without employees (92% in 2007) than those in other occupations (65%).
who s employing
Who’s employing?
  • Self-employment varied substantially by trade.
    • Electrical, telecommunications and stationary engineers and machinists were the least likely to be self-employed (7%);
    • those in other construction trades were the most likely (39%),
    • followed by masons and plasterers, and carpenters and cabinetmakers (32% and 25% respectively).
    • In each trade, very few had employees.
what s the trend
What’s the trend?
  • Over the past two decades, self-employment has increased at a higher rate in the trades than in other occupations.
  • In 1987, only 9% of tradespersons were self-employed, compared with 15% in 2007, an increase of nearly 60%. This contrasts with the relative stability in other occupations.
mostly solo
Mostly Solo
  • Among the self-employed, the proportion without employees increased significantly. For example, among self-employed carpenters, fully 94% did not have employees in 2007, compared with 75% in 1987.
summary of self employment of the trades in canada
Summary of Self-employment of the Trades in Canada
  • http://www.statcan.gc.ca/pub/75-001-x/2008110/t/10710/5800471-eng.htm
what does it take to become an entrepreneur
What does it take to become an entrepreneur?
  • Entrepreneurs have these identifiable characteristics:
    • Self-confidence
    • Energetic
    • Resourceful
    • Able to make decisions
    • Leaders
    • Determination
    • Ambition
also required
Also Required…
  • A good business plan is a must (business plan can be located at the RED board site)
  • Agencies available to assist in planning and funding include
    • Regional Economic Development Board
    • Atlantic Canada Opportunities Agency
    • Business Development Bank of Canada
let s take a look at a sample business plan
Let’s take a look at a sample business plan.
  • http://www.bizmove.com/starting/m1e2.htm