1. What is meant by the statement, “Small business is the backbone of the Canadian economic system”?
Conduct research to explain your answer.

2. In many studies, entrepreneurs have repeatedly been shown to exhibit higher than normal levels of job satisfaction.
Why do you think this is so? Support your argument with research.

3 Is a business plan important for a new business? Why? Support your answer.

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Canada defines small business as businesses with 5 to 100 employees, according to Industry Canada. Small businesses are creating jobs and help the economic growth, which in turn makes Canada competitive and a modern economy.
There exist over one million small businesses in Canada, which employ the majority of private sector workers....

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