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Introduction to Entrepreneurship Ms Stewart Entrepreneurship 12 COPY THE BLUE TEXT
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Canada is an Entrepreneurial Hot Bed Women are leading the entrepreneurial charge. “Seniorpreneurs” (those 55+) are one of the fastest growing small business segments. Most of our self-employed (60%) have a post-secondary education.
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Canada is an Entrepreneurial Hot Bed About one third of our small business owners are serial entrepreneurs—they own or have owned more than one business. 40% of Canadians think being your own boss is the most rewarding career decision. 80% of all entrepreneurs say that starting a business was their best career decision
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What is an Entrepreneur? An entrepreneur is someone who is able to identify opportunities and act upon them. Are entrepreneurs born or made?
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Small Business The Numbers 2.5 million Canadians are self-employed The vast majority of employer businesses (98%) have fewer than 100 employees. Most employer business (57%) have only 1 to 4 employees—the so-called micro businesses.
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Small Business The Numbers About 75% of small business employees work in the service sector. Almost one-half of our labour force work for small enterprises. Small businesses accounts for about 25% of our Gross Domestic Product—a key measure of economic production.
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Business Establishments by Sector and Firm Size Number of Business Establishments Number of EmployeesTotal Goods-Producing Sector Service- Producing Sector 1-4589,777146,065443,712 5-9180,34535,551144,794 10-19125,56124,483101,078
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Small Business Entrepreneurs Are... Entrepreneurs fuel our private enterprise system. Visionary self-starters who love the adventure of a new enterprise. Agents of change with POP. They are Passionate Opportunistic and Persistent Doers, who see a market need and satisfy that need by translating it into a successful business.
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Down the road… You may find yourself working for a large company; or better still owning your own large company. Enter the Intrapreneur
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You are still going to have to foster entrepreneurship Making change in a large company is called Intrapreneurship. As an intrapreneur you will have to stimulate, empower, and reward your employees to be entrepreneurial, and: Find opportunities Take risks Brainstorm for new ideas Set goals Take ownership Enter the Intrapreneur
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