What does (GEM) stand for?
Global Entrepenur Monitor
According to GEM, what motivates entrepaneurs to become entrepaneurs?
1.) Wanting to make a difference
2.)Jobs are Scarce
3.) The money
4.) Continuing Family Tradition
Measument of Entrepaneurial Data is collected from what 5 general Categories?
1.) Entrepaneurial Attitudes and Perceptions
2.) Entrepaneurial Impact
3.) motivation
4.) Entrpaneruial Activity
5.) Impacts and Relations to COVID-19
_________ leads to Entrepreneurship
Entrepreneurial Spirit
Among 21 high income economies, where did Canada Place?
Fourth
What does the BDC Stand for?
Business Development Bank of Canada
Entrepreneurship for women is growing __X faster than men
3 times
what are the 5 Characteristics of Entrepreneurs?
1.) Confidence
2.) Vision
3.) Energy
4.) Tolerance for Risk
5.) Internal Drive
What are INTRAPANEURS
Entrepreneurs who bring a Entrepreneurial Spirit to their organization
How does Industry Canada Define a small business?
the number of employees and the sector it operates in
what makes a business “small?”
-Owned by a individual or small group
- locally based
- doesnt have significant influence in the industry
What percent of all the business in Canada are Large?
0.2%
what are some motivations to start a business?
- Decision to quit working for someone else
- Loss of a job
- An idea for a new product or a new way to sell an existing product
- An opportunity to go into business as the result of a hobby
Small businesses contribute ___ of Canada’s GDP
37%
Factors that Promote Small Business Start-Ups
- Culture of Entrepreneurship
- Advances in Technology
Technology - Downsizing and Outsourcing
what are Four contributions that small businesses make to the Canadian economy:
- Provide technical innovation:
- Provide employment
- Provide competition
- Meet the needs of society and other businesses:
what are the tools within a business plan?
Communication tool:
Management Tool
Planning Tool
what is a Social enterprise
a venture driven first by a higher social purpose but that still is profit-driven in order to be self-sustaining
what are 4 sources of financing small businesses?
- Personal resources:
- Angel investors:
- Bank loans:
- Venture capital
Crowdfunding
inviting people to contribute to a business or project, usually via an online platform (e.g., Kickstarter, Indiegogo)
Franchise:
: a licence to operate an individually owned business as though it were part of a chain of outlets or stores
Franchisor:
an individual or organization granting a franchise
Franchisee:
a person or organization purchasing a franchise
