BUS 201 Chapter 4: Entrepreneurship, Small Business, & New Venture Creation

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 201
• Professor: Susan Christie- Bell

Document Summary

4 internet entrepreneurs: moving products beyond the rack. The following explains what the above are. Lo-1 small business: tricky to define what a small business is, industry canada: the federal gov. agency responsible for small business. Business registar: tracks businesses must have at least 1 paid employee, at least ,000 annual revenue/be incorporated. Then new venture/firm: how to determine a new firm: a recently formed commercial organization that provides goods &/services. Lo-2 the role of small & new businesses in the canadian economy. Small businesses: account for 98. 1% of all businesses, large business account for 0. 2% (cid:0) leads the way for innovation. Ontario & quebec have largest proportion of business: many employed in private sector: part of economy that"s made up of companies. & organizations that aren"t controlled by the government. New ventures: responsible for most of new products & services, women account for of new businesses formed (cid:0) mompreneurs : women running business from their homes.