What is Entrepreneurship?
The Organisation for Economic Co-operation and Development (OECD) defines entrepreneurial activity as “enterprising human action in pursuit of the generation of value, through the creation or expansion of economic activity, by identifying and exploiting new products, processes or markets.” Right…
In plain language, that means that someone like you sees an opportunity to start or create something new. It could be a service, a product, new technology, raw materials, a new way of organizing a process – something that fills a need.
Small businesses often begin because of a change in things like technology, regulations, the economy, or even the population. These changes create opportunities for new ideas and new businesses.
Entrepreneurship offers a lot of flexibility, excitement, and independence. You control your own time, and you get to follow your own vision. You’ll always be learning and gaining knowledge!
By the Numbers
As you can see, entrepreneurship and small business is a big part of the Canadian economy, but it’s also a great option if you want to set your own career path and be your own boss.