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

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

What is Small Business?

Comparison and Evaluation Government Programs Lending Programs

Number of employees Total Revenue Profits Management-Ownership Structure

Current State of Small Business in Canada

Young Entrepreneurs Female Entrepreneurs Immigrant Entrepreneurs Entrepreneurial Activity by

Industry Entrepreneurial Activity by Region

Current state of Small business 97% of businesses in Canada employ

fewer than 50 people 78% have fewer than 5 employees 58% of labor force in employed in small

business 38% of GDP 32% of business profits 29% of gross sales 10%of exports 20% of business assets

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

Contributions (cont)

Flexibility Canadian Ownership Small Business Health as a link to

Economic Growth Social Contributions

Small Business and the Future

Change Technology Consumer Demographics and

Buying Patterns Competitive Aspects of Markets

NAFTA, Global Markets, Large Business Response

Small Business and the Future

The Economy The Political Climate The Social Climate

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?

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?

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?

Strong Arms What characteristics of a typical

entrepreneur does Steve Smith possess? Which of these characteristics will help

him be successful? Which might contribute to the failure of his idea?

What would you recommend that he do to overcome his weaknesses as an entrepreneur?