A036+Small+Business+and+Entrepreneurs

A036+Small+Business+and+Entrepreneurs - Small Business and...

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Small Business and Entrepreneurs
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Small Business What is a small business? Managers are independent of larger  businesses and manage on their own Managers usually start business based on a  good idea, but may not have actual  management training or skills
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Small Business What is a small business? An individual, or a small group, supplies the  capital and owns the business The owner is usually the manager
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Small Business What is a small business? The business operates in a small, local area The workers live locally The market, however, may not be local and  can be quite large
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Small Business What is a small business? The business is smaller than other  businesses of that general type “Smaller” means something like lower sales  volumes or fewer employees
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Small Business What is a small business? The business is free of ties of ownership or  financial ties to larger businesses of the  same type The business may still qualify for the small  business tax rate under the Income Tax Act  of Canada
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Small Business Why is small business important More jobs are created in small businesses  than in large ones Small businesses are more flexible and 
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This note was uploaded on 08/14/2011 for the course MGT a03 taught by Professor Bovaird during the Spring '11 term at University of Toronto- Toronto.

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A036+Small+Business+and+Entrepreneurs - Small Business and...

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