After you have read and studied this chapter, you should be able to

1. Explain why people are willing to become entrepreneurs, and describe the attributes of successful entrepreneurs.
2. Discuss the importance of small business to the Canadian economy.
3. Summarize the major causes of small-business failure.
4. Analyze what it takes to start and run a small business.
5. Outline the advantages and disadvantages small businesses have in entering global markets.