Improving Entrepreneurship At Canad Recommendations

Entrepreneurship is a term that has reentered the public vernacular over the last few years, many times in reference to what is wrong with America but what it means is rarely defined. Furthermore, it is generally agreed that more Entrepreneurship is a desirable trait but how to go about encouraging it is again a point of contention. This paper will address a specific facet of entrepreneurship and attempt to discover what are the key drivers to foster an entrepreneurial spirit from childhood.

According to the Alberta Canada website (2015), “Requirements to register a business depend on the type and structure of the business and there are specific processes, forms, and fees associated with different business types” (par. 1). Since this research paper focused in Alberta, then people can visit the Service Alberta website, this is a government agency that handles the business registration and provides information if the business will need to get municipal and federal licenses.

Small businesses are the core of the engine that runs the American economy. They are a very intricate and essential part of what makes America strong. Annually there were approximately 400,000 new small businesses started every year in the United States of America. Before the recession the normal business closure for companies in America were approximately 100,000 annually. This rate of exchange between new and closing businesses is known as “the birth and death rate of American companies”. After the recession the death rate of businesses in the United States has increase exponentially, growing from 100,000 companies a year to approximately 470,000 companies closing annually (Joseph, 2014). Most may think this is a result of the recession,

Canadian Tire, Pizza Pizza, Loblaws, Sears, Tim Hortons and a lemonade stand. These are a few of over thousands of businesses that are providing Canadians with goods that are needed in their everyday lives. There are many responsibilities that businesses have to take care of besides making money. For instance, entrepreneurs rely on the labour market in order to make ends meet. However, Canadian’s ability to succeed through obtaining employment income manifests in an unequal manner. Specifically, Canadians involved in entrepreneurship have difficulty succeeding in the market. While entrepreneurship adds great value to the Canadian economy, entrepreneurs experience multiple challenges including government

This document is authorized for use only by Rachel van Munster in Entrepreneurial Law and Finance taught by Rafael P. Ribas, at HE OTHER from February 2015 to March 2015.

Both Canada's sizable population and close its proximity to the United States make it a prime spot for starting up and maintaining a business, while increasing the overall Canadian GDP. A wider market is available

In March 2015, Harper allowed a $50 million financial assistance over a period of five years to encourage the Canadian small and medium-sized enterprises (SMEs) on statistical surveying and partaking trade missions; the funding will help around 500 to 1000 business visionaries in Canada yearly to reach their full export capacity.

Unfortunately, unlike other nonprofit organizations where one can directly volunteer, JumpStart requires professionals to carry out the work. However, considering JumpStart’s mission to foster a healthy economic by providing help to startups, there is an indirect way that students can offer help. In the interview with Ms. Gardiner, she lamented how there was a lack of international student-led startups. Luckily, at Case, there is a surplus of international students with innovative ideas that are waiting to be explored. In the past, JumpStart has sponsored startup competitions at Case Western Reserve University (CWRU). In 2017, JumpStart and its partners hosted the Morgenthaler-Pavey Startup Competition. The competition required each venture team to have at least one CWRU student or recent alumnus (JumpStart, Inc., August 2017). To further improve the region’s economy, Case students should seize the opportunities offered by JumpStart to advance their

The citizenship and immigration Minister of Canada- Chris Alexander touted the success of start up visa program. The start up program will help entrepreneurs create economic growth in the country and in a variety of industries. Those who are successful applicants and their companies are based in Toronto, Halifax, Thunder Bay, Victoria and Vancouver can apply for this visa. Entrepreneurs would be granted permanent citizenship if their ventures are commercially successful. Prospective applications would require bringing financial backing for their idea.

As it stands, the progress and growth of entrepreneurial business in Canada remains fairly stagnant. Although there are resources to help guide Canadians, more is required if the country seeks to harbor such a significant number of new businesses.

Starting a business is the latest trend. Just take a look at Instagram. Several profiles have the caption ‘Entrepreneur’. At this very moment, there is someone, somewhere working on an idea, a business plan or launching a startup. Entrepreneurship is on the rise like never before. The flexibility and independence that comes with being one’s own boss is attractive and worth taking the leap in starting a business. However, most people don’t know that being an entrepreneur is a grueling journey that can be very lonely and stressful at times. According to the Small Business Administration (SBA), 50% of businesses fail during the first year. Starting a business can be a scary task, but the

It is alleged that since April 2017 I have failed to provide full and frank disclosure to the Department regarding my interest in my business ‘Entrepreneurial Edge’.

All of the U.S. job growth from the last three decades can be attributed to startups, according to Robert Litan, vice president for research and policy at the Kauffman Foundation, an organization that promotes entrepreneurship (Rosenber, 2001). While other businesses create and destroy jobs in response to the changing economy, initially, startups only add workers (Rosenber, 2001). And those that thrive and grow like Amazon, Google, Facebook, and Groupon rapidly add and train many employees (Rosenber, 2001). According to the Kauffman Foundation, most new jobs are created by companies less than five years old (Rosenber, 2001).

The major reason to support the initiation of new companies is the believe in the economic benefit they create exceeding the opportunity costs of any external support, in the form of governmental action (Wennekers & Thurik, 1999). Although it is questionable weather a undifferentiated and widespread support program meets the targeted objective. The low survival rate as seen in Figure 1 combined with the research findings that many new enterprises have low or no growth rate, resulting in low or none economic contribution exceeding the

While some entrepreneurs are praised for their aid in developing the economy, entrepreneurs on the wrong side tend to weaken the economy. Some entrepreneurs start business with the sole aim of making profit and are criticized for their decisions. An example in the current scenario can be the case of Martin