3920-c1 - New Venture and Small Business Management UNIT 1 INTRODUCTION"several of the most prosperous and competitive economies in the world

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Unformatted text preview: New Venture and Small Business Management UNIT 1 INTRODUCTION "several of the most prosperous and competitive economies in the world today are based on small firms" STANDING COMMITTEE ON INDUSTRY Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Small Business means... l more INPUTS TO GOVERNMENT POLICY MAKING PROFESSIONALS ENTREPRENEURS jobs competitiveness BUREAUCRATS l improved l healthier GOVERNMENT POLICY ACADEMICS economy ELECTED POLITICIANS SPECIAL INTEREST GROUPS PUBLIC OPINION Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved The consensus is... l IF... less government is better government debt is an impediment to small business growth government programs must become more efficient and relevant government can't do it alone! THEN... individuals must take up the challenge l l Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 1 New Venture and Small Business Management SMALL BUSINESS IS Evidence of interest in small business and entrepreneurship l publications BIG BUSINESS ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved l television shows Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Evidence of interest in small business and entrepreneurship l publications l television shows IS CANADA BECOMING AN ENTREPRENEURIAL NATION? l course offerings Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE ENTREPRENEURIAL REVOLUTION Participants come from all walks of life... l l l l FOR WOULD-BE ENTREPRENEURS, THIS COURSE WILL... l identify what it takes to be successful equip you with some requisite entrepreneurial tools allow you to test your entrepreneurial inclination Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved male / female l immigrants / minorities aboriginal peoples l youth ... Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 2 New Venture and Small Business Management COURSE OUTLINE FOR OTHERS, THIS COURSE WILL... l PART ONE l l l provide insight into the issues facing small businesses identify how you may contribute to and profit from the entrepreneurial revolution l l l l l small business overview entrepreneurial process self-assessment/development organizational form modes of entry business strategy business plan Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved COURSE OUTLINE PART TWO FUNCTIONAL AREA REVIEW l l l l l OBJECTIVE "increase your awareness of, and interest in, entrepreneurship and prepare you for the challenges presented by new ventures" Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved marketing operations human resources accounting finance DEVELOPMENT OF A BUSINESS PLAN Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 3 New Venture and Small Business Management SMALL BUSINESS IN CANADA... UNIT 1 MODULE 1 Small Business: the Canadian Context l is estimated to contribute 57% to total private sector GDP l provides approximately 65% of value-added in the manufacturing sector l is lessening our dependence on a resource-based economy Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved WHAT CONSTITUTES A SMALL BUSINESS ? MANY DIFFERENT DEFINITIONS EXIST... Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved UNDERSTANDING THESE DEFINITIONS IS OF PRACTICAL IMPORTANCE. THEY ARE... l useful in benchmarking l critical in establishing sponsorship program eligibility BENCHMARKING l involves comparing one firm to similar firms in terms of product, operating practices and performance or capital structure. l from this, strengths and weaknesses can be identified and decisions made. Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 1 New Venture and Small Business Management SPONSORSHIP PROGRAMS MANY are available, including: l financial - loans / grants l marketing - domestic / export l technology - tax credits / training Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved SMALL BUSINESSES ARE THOSE... "with fewer than 100 employees in manufacturing and fewer than 50 employees in other sectors" STATISTICS CANADA Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved OTHER DEFINING VARIABLES INCLUDE... l gross sales volumes l net income l ownership structure CANADA HAS ABOUT..... 2.1 million small businesses 1.2 million self-employed individuals 900 thousand small businesses with employees THIS REPRESENTS GROWTH OF 25+% OVER THE PAST DECADE. Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 149,803 ! BUSINESS START-UPS INCLUDE THE... l creation of a new business SMALL BUSINESS SECTOR Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved l change in ownership l change in form of ownership l change in employer status Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 2 New Venture and Small Business Management 149,803 SMALL BUSINESS SECTOR SMALL BUSINESS SECTOR ? Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 128,590 ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved BUSINESS EXITS INCLUDE THE... l discontinuance of a business l elimination of one or more locations l downgraded employer status l change in ownership Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 149,803 SMALL BUSINESS SECTOR + 21,213 128,590 Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved SMALL BUSINESS GROWTH IS... l predominantly in the service sector (business, health and social services) l tied to the economic cycle (there was a net decrease last recession) A `REAL' BUSINESS CARRIES ON COMMERCIAL ACTIVITY WITH THE EXPECTATION OF EARNING A PROFIT Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 3 New Venture and Small Business Management NOT ALL START-UPS ARE REAL BUSINESSES... SOME INCORPORATIONS ARE... l shell companies l legal entities to limit liability l holding companies for tax planning Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved MANY SO-CALLED START-UPS ADD NO INCREMENTAL ECONOMIC BENEFIT ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE UNDERGROUND ECONOMY IS ENORMOUS ! ... SECTORS OF ACTIVITY SEVERAL BILLIONS OF DOLLARS ANNUALLY. Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved GEOGRAPHIC FOCUS Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE MAJORITY OF SMALL BUSINESSES ARE INVOLVED IN... l retail trade l accommodation, food and beverage service l construction NET CHANGE IN NUMBER OF BUSINESSES Business Service Health and Social Service To be classified Other Service Industries Construction Industries Agriculture & Related Services Manufacturing Industries Retail Trade -1000 -500 0 500 1000 1500 2000 (number of businesses) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 4 New Venture and Small Business Management SMALL BUSINESS GROWTH (average year-over-year increase in small business) 4.4% 6.4% 6.0% 3.4% 2.1% 1.0% 1.6% 2.5% 2.6% 3.6% 3.5% 3.2% Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 5 New Venture and Small Business Management UNIT 1 MODULE 2 The Role of Small Business in Society SMALL BUSINESS PLAYS A SIGNIFICANT ROLE IN THE `NEW ECONOMY' OF... l GLOBALIZATION l TECHNOLOGICAL CHANGE Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 2 KEY ROLES MORE JOBS MORE WEALTH INNOVATION COMPETITIVENESS SMALL BUSINESS IS THE PRINCIPLE GENERATOR OF NET NEW EMPLOYMENT IN CANADA (U.S. and Europe too!) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved BUT... ARE ALL FIRMS EQUIVALENT IN THEIR POTENTIAL FOR CREATING NEW JOBS ? WHAT IS THE NATURE OF THESE JOBS ? Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved NEARLY 1/2 OF CANADIANS ARE EITHER SELF-EMPLOYED OR WORK IN SMALL BUSINESSES ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 1 New Venture and Small Business Management WORK FORCE COMPOSITION (percent of population employed in small business) SMALL BUSINESS AND JOB CREATION 10% 8% 68% 45% 45% Average Annual Increase in Employment 0.2% 49% 44% 49% 40% 35% 42% 51% 42% 47% 0-19 employees 20-49 employees -1% 50+ employees Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved JOB CREATION IS TIED TO THE ECONOMIC CYCLE GDP growth large firm employment pattern JOB CREATION IS TIED TO THE ECONOMIC CYCLE GDP growth large firm employment pattern small firm employment pattern Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved FIRMS WITH LESS THAN 20 EMPLOYEES CREATE MOST JOBS BECAUSE 94% OF START-UPS HAVE LESS THAN 20 EMPLOYEES Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved SMALL BUSINESS SURVIVAL RATES (by employment at start-up) Employees at Start-Up 1-4 5-9 10 - 14 15 - 19 20 - 49 50 - 99 100+ Ten-Year Survival 74% 65% 59% 57% 53% 52% 42% OF SURVIVORS: 24% increased employment 65% maintained employment 11% decreased employment Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 2 New Venture and Small Business Management SMALL BUSINESSES CREATE MORE JOBS, BUT... THEY ALSO DESTROY MORE ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved JOB CHURNING AND THE ECONOMICS OF SMALL BUSINESS CREATE HUMAN RESOURCE ISSUES FOR THE ENTREPRENEUR Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved INNOVATION ENHANCES COMPETITIVENESS TECHNOLOGICAL OR NONTECHNOLOGICAL INNOVATION CAN BE CLASSIFIED AS EITHER: l PROCESS INNOVATION OR AND SMALL FIRMS ARE MORE INNOVATIVE ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved l PRODUCT INNOVATION Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved SMALL FIRM'S INNOVATIVE CAPABILITIES ARE SUPPORTED BY: l MARKETING - concentrating on narrow but sophisticated market niches SMALL FIRM'S INNOVATIVE CAPABILITIES ARE SUPPORTED BY: l MARKETING l ENTREPRENEURIAL MANAGEMENT - dynamic leaders taking advantage of opportunities Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 3 New Venture and Small Business Management SMALL FIRM'S INNOVATIVE CAPABILITIES ARE SUPPORTED BY: l MARKETING l ENTREPRENEURIAL MANAGEMENT l COMMUNICATION - facilitates the adoption of innovation INNOVATIVE CAPABILITIES CAN BE LIMITED BY: l SKILLS DEFICIENCIES Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved INNOVATIVE CAPABILITIES CAN BE LIMITED BY: l SKILLS DEFICIENCIES l EXTERNAL COMMUNICATION - accessing and analyzing available information INNOVATIVE CAPABILITIES CAN BE LIMITED BY: l SKILLS DEFICIENCIES l EXTERNAL COMMUNICATION l ENTREPRENEURIAL MANAGEMENT - possibly too autocratic and a question of competence Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved INNOVATIVE CAPABILITIES CAN BE LIMITED BY: l SKILLS DEFICIENCIES l EXTERNAL COMMUNICATION l ENTREPRENEURIAL MANAGEMENT l FINANCIAL LIMITATIONS - innovation is costly and risky Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved WHERE DOES INNOVATION ARISE ? IN..... LARGE FIRMS because of their resources and economics. SMALL FIRMS because of their need to survive ! Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 4 New Venture and Small Business Management INDUSTRY AND BUSINESS LIFECYCLES SMALL BUSINESS PLAYS A VITAL ROLE IN CANADIAN SOCIETY BY WAY OF ITS... l ECONOMIC CONTRIBUTIONS l HUMAN CONTRIBUTIONS l COMMUNITY CONTRIBUTIONS l SOCIAL CONTRIBUTIONS Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved MATURITY OW TH CL DE PERFORMANCE GR INNOVATION IS GREATEST HERE ! E IN Young TIME Old Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 5 New Venture and Small Business Management UNIT 1 MODULE 3 A Government's Response GOVERNMENT CAN BE A "DOUBLE-EDGED SWORD", SUPPORTING OR IMPEDING SMALL BUSINESS GROWTH Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE FEDERAL GOVERNMENT'S NEW FRAMEWORK FOR SMALL BUSINESS POLICY FRAMEWORK 2 GOALS l ensure the environment is conducive to small business growth target government's limited resources more effectively Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved DECISIONS l ACTION Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved GOVERNMENT INITIATIVES INCLUDE... l l l l l l l small business financing taxation and small business regulation and paper burden program and service delivery skills development science and technology international business UNDERSTANDING THESE INITIATIVES ALLOWS US TO IDENTIFY IMPLICATIONS FOR THE SMALL BUSINESS SECTOR Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 1 New Venture and Small Business Management FINANCING CAN BE A MAJOR IMPEDIMENT ESPECIALLY FOR... l l l TO ADDRESS FINANCING CONCERNS, THE GOVERNMENT IS CONSIDERING... 1. INCREASING THE PARTICIPATION OF THE BANKS (eg. small business loans) smaller projects new economy activities rural operations Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved TO ADDRESS FINANCING CONCERNS, THE GOVERNMENT IS CONSIDERING... 1. INCREASING THE PARTICIPATION OF THE BANKS 2. IMPROVING BUSINESS-BANK RELATIONS (eg. Alternate Dispute Resolution) TO ADDRESS FINANCING CONCERNS, THE GOVERNMENT IS CONSIDERING... 1. INCREASING THE PARTICIPATION OF THE BANKS 2. IMPROVING BUSINESS-BANK RELATIONS 3. STRENGTHENING COMPETITION IN THE LENDING SECTOR (eg. foreign banks, schedule III banks) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved TO ADDRESS FINANCING CONCERNS, THE GOVERNMENT IS CONSIDERING... 1. INCREASING THE PARTICIPATION OF THE BANKS 2. IMPROVING BUSINESS-BANK RELATIONS 3. STRENGTHENING COMPETITION IN THE LENDING SECTOR 4. REFOCUSING GOVERNMENT ASSISTANCE PROGRAMS (eg. focus on key growth industries) TO ADDRESS FINANCING CONCERNS, THE GOVERNMENT IS CONSIDERING... 1. INCREASING THE PARTICIPATION OF THE BANKS 2. IMPROVING BUSINESS-BANK RELATIONS 3. STRENGTHENING COMPETITION IN THE LENDING SECTOR 4. REFOCUSING GOVERNMENT ASSISTANCE PROGRAMS 5. STIMULATING ACCESS TO EQUITY CAPITAL (eg. tax incentives and subsidies) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 2 New Venture and Small Business Management These initiatives will lower the financial hurdles faced by small business. FOR SMALL BUSINESSES, CANADA'S FEDERAL TAX SYSTEM IS COMPARATIVELY GENEROUS ! YET... FURTHER ADJUSTMENT IS BEING RECOMMENDED. Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved GOVERNMENT RECOMMENDATIONS INCLUDE... l CHANGING TAX AND PAYROLL LEVIES INCENTING RETENTION OF PROFITS AND REINVESTMENT SIMPLIFYING THE TAX SYSTEM Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved l l WITH LESS TAXES, HOW WILL THE GOVERNMENT FUND ITS SUPPORT OF SMALL BUSINESS PROGRAMS ? Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE PAPER BURDEN IS COSTLY AND TIME CONSUMING FOR SMALL BUSINESS AND GOVERNMENT ALIKE Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved INITIATIVES TO ALLEVIATE THE PAPER BURDEN INCLUDE... l REDUCTION IN RED TAPE (eg. reduced frequency and complexity of reporting) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 3 New Venture and Small Business Management INITIATIVES TO ALLEVIATE THE PAPER BURDEN INCLUDE... l l INITIATIVES TO ALLEVIATE THE PAPER BURDEN INCLUDE... l l l REDUCTION IN RED TAPE HARMONIZATION OF REGULATIONS (eg. municipally, provincially, federally, internationally) REDUCTION IN RED TAPE HARMONIZATION OF REGULATIONS SIMPLIFICATION AND COMMUNICATION OF THE RULES Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved INITIATIVES TO ALLEVIATE THE PAPER BURDEN INCLUDE... l l l REDUCTION IN RED TAPE HARMONIZATION OF REGULATIONS SIMPLIFICATION AND COMMUNICATION OF THE RULES AS A RESULT OF THE `PAPER BURDEN' SOME GOVERNMENT PROGRAMS MAY NOT BE WORTH THE EFFORT l INCREASING PROGRAM FLEXIBILITY Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE LACK OF COORDINATION OF GOVERNMENT PROGRAMS POSES TWO MAJOR PROBLEMS: l INITIATIVES INTENDED TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF GOVERNMENT PROGRAMS INCLUDE... l IT IS DIFFICULT AND TIME CONSUMING TO IDENTIFY PROGRAM AVAILABILITY THEY DO NOT NECESSARILY MEET `REAL' NEEDS Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved ELIMINATE OVERLAP AND IMPROVE ACCESSIBILITY l Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 4 New Venture and Small Business Management INITIATIVES INTENDED TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF GOVERNMENT PROGRAMS INCLUDE... l INITIATIVES INTENDED TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF GOVERNMENT PROGRAMS INCLUDE... l ELIMINATE OVERLAP AND IMPROVE ACCESSIBILITY CONSULT WITH SMALL BUSINESS (eg. to assess their needs) ELIMINATE OVERLAP AND IMPROVE ACCESSIBILITY CONSULT WITH SMALL BUSINESS IMPROVE THE FLOW OF INFORMATION l l l Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved INITIATIVES INTENDED TO IMPROVE THE EFFICIENCY AND EFFECTIVENESS OF GOVERNMENT PROGRAMS INCLUDE... l THE SMALL BUSINESS WORKING COMMITTEE RECOMMENDS GOVERNMENT FACILITATE TRAINING BY..... l ELIMINATE OVERLAP AND IMPROVE ACCESSIBILITY CONSULT WITH SMALL BUSINESS IMPROVE THE FLOW OF INFORMATION TARGET RETRAINING AND SKILL DEVELOPMENT Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved ENCOURAGING PARTNERSHIPS (eg. Business Education) l l l Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved THE SMALL BUSINESS WORKING COMMITTEE RECOMMENDS GOVERNMENT FACILITATE TRAINING BY..... l l THE SMALL BUSINESS WORKING COMMITTEE RECOMMENDS GOVERNMENT FACILITATE TRAINING BY..... l l l ENCOURAGING PARTNERSHIPS LABOUR MARKET PROGRAMS ENCOURAGING PARTNERSHIPS LABOUR MARKET PROGRAMS DEVELOP AND PROMOTE ENTREPRENEURSHIP PROGRAMS Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 5 New Venture and Small Business Management HOW CAN SMALL BUSINESS HOPE TO COPE WITH CHANGING TECHNOLOGY AND GLOBALIZATION ? CANADA IS A TECHNOLOGICALLY ADVANCED COUNTRY... BUT CANADIAN SMALL BUSINESSES UNDERPERFORM VIS-A-VIS TECHNOLOGY. Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved TO OVERCOME THIS, GOVERNMENT IS FOCUSING ITS EFFORTS ON... l TO OVERCOME THIS, GOVERNMENT IS FOCUSING ITS EFFORTS ON... l l l BUILDING PARTNERSHIPS (eg. Small Business Education) BUILDING PARTNERSHIPS IMPROVING ACCESS TO INFORMATION PROVIDING TAX INCENTIVES Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved TO OVERCOME THIS, GOVERNMENT IS FOCUSING ITS EFFORTS ON... l l l l BUILDING PARTNERSHIPS IMPROVING ACCESS TO INFORMATION PROVIDING TAX INCENTIVES REVIEWING GOVERNMENT PROGRAMS Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved CANADIAN ENTREPRENEURS ARE OFTEN RELUCTANT TO `GO GLOBAL' CITING A LACK OF... l l l l INFORMATION CONTACTS SKILLS RESOURCES Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 6 New Venture and Small Business Management TO ENHANCE INTERNATIONAL COMPETITIVENESS, GOVERNMENT INITIATIVES INCLUDE... l TO ENHANCE INTERNATIONAL COMPETITIVENESS, GOVERNMENT INITIATIVES INCLUDE... l l REDUCING BARRIERS TO TRADE (ie. tariff and non-tariff barriers) REDUCING BARRIERS TO TRADE PROVIDING INFORMATION ON TRADE (eg. market opportunities / intelligence) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved TO ENHANCE INTERNATIONAL COMPETITIVENESS, GOVERNMENT INITIATIVES INCLUDE... l l l TO ENHANCE INTERNATIONAL COMPETITIVENESS, GOVERNMENT INITIATIVES INCLUDE... l l l l REDUCING BARRIERS TO TRADE PROVIDING INFORMATION ON TRADE IMPROVED SUPPORT SERVICES REDUCING BARRIERS TO TRADE PROVIDING INFORMATION ON TRADE IMPROVED SUPPORT SERVICES STRENGTHENING PARTNERSHIPS (eg. Small Business Government) Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved YET... "GOVERNMENT ALONE CAN NOT CREATE THE VIBRANT SMALL BUSINESS SECTOR CANADA NEEDS" Copyright 1999 Jon Kerr and Captus Press Inc. All right reserved 7 ...
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This note was uploaded on 06/02/2011 for the course AK 3920 taught by Professor Jonkerr during the Winter '10 term at York University.

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