BUS 200 Chapter Notes - Chapter 4: Limited Liability, Sole Proprietorship, Negotiable Order Of Withdrawal Account

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 200
• Professor: Jeannette Paschen

Document Summary

Bus200 chapter 4 notes: self-employed account for 15. 5 percent of the workforce, everyday approximately 380 businesses are started in canada. Role in the canadian economy: 98. 2 percent of business in canada are small, medium-size business (100-499 employees) make up 1. 6 percent of employer business, ontario and quebec account for the largest proportion of business establishments in canada. In 2015, the top three countries were hong kong, singapore and new zealand: canada ranked 6th, north korea ranked last, entrepreneurship exists in a wide range of contexts. Intrapreneurs: people who create something new within a large firm or organization. Influenced by social, economic, and technological factors in the broader environment. 3 key processes in the entreprenurial process: the entrepreneur, the opportunity, resources. Developing the opprotunity: business concept often changes from the original plan, new ventures use one or more of three main entry strategies: Accessing resources: bootstrapping: doing more with less.