1. SMALL BUSINESS MANAGEMENT Chapter 1 Role of Small Business in Canada

2. The Entrepreneurial Revolution Increase in the number of business Establishments Increase in the number of employees of small business Increases in government interest and programs

3. The Entrepreneurial Revolution Increases in the number of Small- Business 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

4. What is Small Business? Comparison and Evaluation Government Programs Lending Programs Number of employees Total Revenue Profits Management-Ownership Structure

5. Current State of Small Business in Canada Young Entrepreneurs Female Entrepreneurs Immigrant Entrepreneurs Entrepreneurial Activity by Industry Entrepreneurial Activity by Region

6. Current state of Small business 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

7. Contributions Labor Intensity Innovations and Inventions Productivity and Profitability bias for action staying close to the customer autonomy and entrepreneurship productivity through people hands-on value driven simple form - lean staff

8. Contributions (cont) Flexibility Canadian Ownership Small Business Health as a link to Economic Growth Social Contributions

9. Small Business and the Future Change Technology Consumer Demographics and Buying Patterns Competitive Aspects of Markets NAFTA, Global Markets, Large Business Response

10. Small Business and the Future The Economy The Political Climate The Social Climate

11. Concept Checks 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?

12. Concept Checks 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?

13. Concept Checks 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?

14. Strong Arms 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?