Introduction to Entrepreneurship

Ms Stewart

Entrepreneurship 12

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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.

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

What is an Entrepreneur?

An entrepreneur is someone who is able to identify opportunities and act upon them.

Are entrepreneurs born or made?

Small BusinessThe 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.

Small BusinessThe 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.

Business Establishments by Sector and Firm Size

Number of

Business Establishments

Number of

Employees Total

Goods-Producing Sector

Service-Producing

Sector

1-4 589,777 146,065 443,712

5-9 180,345 35,551 144,794

10-19 125,561 24,483 101,078

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.

Down the road…

You may find yourself working for a large company; or better still owning your own large company.

 

Enter the Intrapreneur

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