SMALL BUSINESS MANAGEMENT

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?