11

SMALL BUSINESS MANAGEMENT

Chapter 1Chapter 1

Role of Small Business in CanadaRole of Small Business in Canada

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The Entrepreneurial Revolution

Increase in the number of business Increase in the number of business EstablishmentsEstablishments

Increase in the number of employees of Increase in the number of employees of small businesssmall business

Increases in government interest and Increases in government interest and programsprograms

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The Entrepreneurial Revolution

Increases in the number of Small-Business Increases in the number of Small-Business related courses at Colleges and Universitiesrelated courses at Colleges and Universities

Increase in Entrepreneurial Activities in Increase in Entrepreneurial Activities in Large BusinessesLarge Businesses

Increases in Political Power of Small Increases in Political Power of Small BusinessesBusinesses

Improvement in the Image of Small Improvement in the Image of Small BusinessesBusinesses

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What is Small Business?

Comparison and EvaluationComparison and Evaluation Government ProgramsGovernment Programs Lending ProgramsLending Programs

– Number of employeesNumber of employees– Total RevenueTotal Revenue– ProfitsProfits– Management-Ownership Structure Management-Ownership Structure

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Current State of Small Business in Canada

Young EntrepreneursYoung Entrepreneurs Female EntrepreneursFemale Entrepreneurs Immigrant EntrepreneursImmigrant Entrepreneurs Entrepreneurial Activity by IndustryEntrepreneurial Activity by Industry Entrepreneurial Activity by RegionEntrepreneurial Activity by Region

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Contributions

Labor IntensityLabor Intensity Innovations and InventionsInnovations and Inventions Productivity and ProfitabilityProductivity and Profitability

– bias for actionbias for action

– staying close to the customerstaying close to the customer

– autonomy and entrepreneurshipautonomy and entrepreneurship

– productivity through peopleproductivity through people

– hands-on value drivenhands-on value driven

– simple form - lean staffsimple form - lean staff

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Contributions (cont)

FlexibilityFlexibility Canadian OwnershipCanadian Ownership Small Business Health as a link to Small Business Health as a link to

Economic GrowthEconomic Growth Social ContributionsSocial Contributions

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Small Business and the Future

ChangeChange TechnologyTechnology Consumer Demographics and Buying Consumer Demographics and Buying

PatternsPatterns Competitive Aspects of MarketsCompetitive Aspects of Markets

– NAFTA, Global Markets, Large Business NAFTA, Global Markets, Large Business ResponseResponse

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Small Business and the Future

The EconomyThe Economy The Political ClimateThe Political Climate The Social ClimateThe Social Climate

1010

Concept Checks

Why has there been an increase in Why has there been an increase in entrepreneurial activity throughout the entrepreneurial activity throughout the world in recent years?world in recent years?

What evidences are there that there is an What evidences are there that there is an entrepreneurial “revolution” occurring ?entrepreneurial “revolution” occurring ?

Why is it important to define small Why is it important to define small business?business?

1111

Concept Checks

What are the criteria used to make the small What are the criteria used to make the small business definition?business definition?

What is the extent of small business in What is the extent of small business in Canada?Canada?

What two demographic groups have shown What two demographic groups have shown an increase in proprietorship in recent years an increase in proprietorship in recent years in Canada?in Canada?

1212

Concept Checks

What are the contributions small businesses What are the contributions small businesses can make to society?can make to society?

What are the positive and negative factors What are the positive and negative factors which may influence the small business which may influence the small business community in the future?community in the future?