RSM100Y1 Chapter Notes - Chapter 4: Mark Zuckerberg, Lead Generation, Franchising
Document Summary
Measured through the number of people the business employs, sale"s revenue, required investment or type of ownership. Industry canada uses business register (tracks businesses) and labor force survey (tracks individuals). Businesses must have at least 1 paid employee and an annual revenue of at least ,000 or incorporated. Considered small if less than 100 employees for. For our purposes, small business is a owner-managed business with less than. A recently formed commercial organization that provides goods and services for sale. The process of identifying an opportunity in the marketplace and accessing the resources needed to capitalize on that opportunity. Entrepreneurs are the people who do just that. Intrapreneuring is entrepreneurship within a large-business structure with the innovation and flexibility of a small business. The role of small and new businesses in the canadian economy. Role of small businesses: provides jobs, leads in innovation and new technology. New ventures: job creation, new products and services, women entrepreneurs becoming increasingly popular: mompreneur.
