文档介绍：chapter 7 Entrepreneurship and Starting a Small Business
Nickels 6e/Copyright ? 2007 McGraw-Hill Ryerson
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Entrepreneurship and
Starting a Small Business
7
C H A P T E R
S E V E N
Learning Objectives
Explain why people are willing to e entrepreneurs, and describe the attributes of essful entrepreneurs.
Discuss the importance of small business to the Canadian economy.
Summarize the major causes of small-business failure.
Learning Objectives cont.
4. List ways to learn about how small businesses operate.
5. Analyze what it takes to start and run a small business.
6. Outline the advantages and disadvantages that small businesses have in entering global markets.
Entrepreneurship versus
Small Business
Entrepreneurship: accepting the challenge of starting a running a business.
Entrepreneurship differs from small business in the following ways:
Amount and speed of wealth creation - entrepreneurs will quickly generate significant wealth (Millions in profit)
Risk – is very high
Innovation – development of new products and services and substantially higher than that of small business
Famous Canadian Entrepreneurs
1922 – John and Alfred Biles, Canadian Tire
1909 – Alban Leon, Leon’s Furniture
1907 – J. W. Sobey, Sobey’s Supermarket
Why People Take the Entrepreneurial Challenge
New idea, process, or product
Independence
Challenge
Family pattern
Profit
Immigrants
What Does it Take
to Be an Entrepreneur?
Self-directed
Determined
Action-oriented
Highly energetic
Tolerant of uncertainty
Able to learn quickly
Advice for Potential Entrepreneurs
Learn on other people’s money, get some experience
Do your research
Develop specific objectives and timelines
Surround yourself with people smarter than you are
Why do Women choose Entrepreneurship?
In 2006 – 1/3 of all self employed people were women
Financial need
Lack of promotion opportunities
Women returning to the workforce
Family and personal responsibility
Public awareness of wo