SMALL BUSINESS
MANAGEMENT
Chapter 1
Role of Small Business in Canada
The Entrepreneurial
Revolution
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Increase in the number of business
Establishments
Increase in the number of employees of
small business
Increases in government interest and
programs
The Entrepreneurial
Revolution
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Increases in the number of SmallBusiness 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
What is Small Business?
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Comparison and Evaluation
Government Programs
Lending Programs
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Number of employees
Total Revenue
Profits
Management-Ownership Structure
Current State of Small
Business in Canada
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Young Entrepreneurs
Female Entrepreneurs
Immigrant Entrepreneurs
Entrepreneurial Activity by Industry
Entrepreneurial Activity by Region
Current state of Small
business
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97% of businesses in Canada employ fewer
than 50 people
78% have fewer than 5 employees
58% of labor force in employed in small
business
38% of GDP
32% of business profits
29% of gross sales
10%of exports
20% of business assets
Contributions
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Labor Intensity
Innovations and Inventions
Productivity and Profitability
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bias for action
staying close to the customer
autonomy and entrepreneurship
productivity through people
hands-on value driven
simple form - lean staff
Contributions (cont)
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Flexibility
Canadian Ownership
Small Business Health as a link to
Economic Growth
Social Contributions
Small Business and the Future
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Change
Technology
Consumer Demographics and Buying
Patterns
Competitive Aspects of Markets
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NAFTA, Global Markets, Large Business
Response
Small Business and the Future
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The Economy
The Political Climate
The Social Climate
Concept Checks
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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?
Concept Checks
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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?
Concept Checks
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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?
Strong Arms
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What characteristics of a typical entrepreneur
does Steve Smith possess?
Which of these characteristics will help him
be successful? Which might contribute to the
failure of his idea?
What would you recommend that he do to
overcome his weaknesses as an
entrepreneur?