SMALL BUSINESS MANAGEMENT

Chapter 1 The Role of Small Business and Entrepreneurship in Canada

CHAPTER OBJECTIVES

1. Discuss the evidence of the level of interest & activity in the small business sector. 2. Review common methods of defining small business & explain why a definition is important. 3. Understand the current extent of entrepreneurship & small business in Canada. 4. Discuss the positive benefits a healthy small business sector can offer to society. 5. Explain the probable future environment for entrepreneurship & the small business community.

Java Nook" CBC Venture

The Entrepreneurial Revolution

__________ in the number of business establishments __________ in the number of employees of small business __________ in government interest and programs

The Entrepreneurial Revolution

Increases in the number of small business related __________ at colleges and universities Increase in __________ activities in large businesses Increases in __________ power of small businesses Improvement in the __________ of small businesses

What Is Small Business?

Comparison and __________ Government Programs Lending Programs

Number of __________ Total __________ Profits Management- __________ Structure

Current State of Small Business in Canada

__________ Entrepreneurs Female Entrepreneurs __________ Entrepreneurs Entrepreneurial Activity by Industry Entrepreneurial Activity by ______

Contributions

__________ Intensity

Innovations and __________ __________ and Profitability

bias for action staying close to the customer autonomy and entrepreneurship

__________ through people

hands-on value driven simple form - lean staff

Contributions (cont)

Flexibility Canadian Ownership Small Business Health as a Link to Economic __________ Social __________

Small Business and the Future

Change T __________ Consumer Demographics and Buying Patterns Competitive Aspects of __________

NAFTA, Global Markets, Large Business Response

Small Business and the Future

The Economy The __________ Climate The Social __________

Concept Checks

Why has there been an __________ in entrepreneurial activity throughout the world in recent years? What __________ are there that there is an entrepreneurial revolution occurring ? Why is it __________ to define small business ?

Concept Checks

What are the __________ used to make the small business definition? What is the __________ of small business in Canada? What two __________ groups have shown an increase in proprietorship in recent years in Canada?

Concept Checks

What are the __________ small businesses can make to society? What are the positive and negative __________ which may influence the small business community in the future?