A comparative study of small and medium enterprise banking services in Bangladesh and Canada

A comparative study of small and medium enterprise banking services in Bangladesh and Canada Women Entrepreneurs in Canada What is the typical Canadian woman in a business like? What kinds of businesses do Canadian women entrepreneurs choose to start and develop? How many women-owned businesses are there in Canada? Ive put together this collection of statistics on Canadian women in business to answer these questions and others like them. Facts and Figures on Canadian Women Entrepreneurs The Canadian Trade Commissioner Service, 2013 There were 950,000 self-employed women in Canada in 2012, accounting for 35.6% of all self-employed persons. In 2010, Quebec had the highest proportion of majority-owned female SMEs (small and medium-sized enterprise) at 19 percent, followed by Atlantic Canada, Ontario, and then the Prairies and British Columbia. 47% are SMEs were entirely or partly owned by women. The proportion of women-owned businesses that plan to expand their business is generally higher than men. Approximately 51% of Aboriginal-owned SMEs belong partly or wholly to women. Among established businesses (non-start-ups), the percentage of female entrepreneurs rose from 27% in the early 1990s to 33% in 2012. The average net profit before tax of female-owned businesses has increased from 52% of male-owned business profits in 2000 to 89% in 2007. Majority female-owned firms with growth intentions are significantly more active in hiring new employees than majority male-owned firms. Majority women-owned SMEs represented over $117 billion per annum of economic activity in Canada. A greater concentration of women-run SMEs is present in certain sectors, such as professional services, accommodation, and food services. The percentage of young women (25-34) with a post-secondary degree or diploma has increased from 43% in 1990 to 71% in 2013. Women Entrepreneurs. Small Business Financing Profile. Jung, Owen. (2010). Ottawa: Industry Canada Small Business and Tourism Branch, October 2010. Majority female-owned small and medium-sized enterprises (SMEs) (i.e., 51 to 100 percent of the ownership of the business is held by women) constituted 16 percent of SMEs in Canada in 2007. On average, female business owners were younger and reported fewer years of management or ownership experience compared with male business owners. Majority female-owned firms were more likely to operate in the tourism industry than majority male owned firms. Revenues earned by majority female-owned firms were still significantly less than revenues earned by majority male-owned firms in 2004 and 2007; however, before-tax net incomes generated by majority female-owned firms were comparable to net incomes generated by majority male-owned firms. In 2007, majority female-owned firms were just as likely as majority male-owned firms to seek external financing (17 percent request rate), in contrast to 2004 when majority male-owned firms were more likely to seek financing than majority female-owned firms (24 percent versus 15 percent respectively). Most majority female-owned firms that sought financing in 2007 were successful in acquiring at least some form of external financing; however, majority female-owned firms were less likely to be approved for short-term debt financing, such as lines of credit and credit cards, than majority male-owned firms (77 percent versus 94 percent respectively). There was little evidence of disparity with regards to interest rates or requests for collateral among majority female-owned and majority male-owned firms that were successful in obtaining financing. On the other hand, among SMEs that were denied debt financing, majority female-owned firms were significantly more likely to be turned down due to a poor credit history or insufficient collateral than majority male-owned firms. Among SMEs that intended to expand the size and scope of their businesses within two years (i.e., declared growth intentions), majority female owned firms were more likely to require external financing to fund their expansion plans than majority male-owned firms. Interestingly, majority female-owned firms were more likely to consider sharing equity in the business to fund their expansion plans than majority male-owned firms. In 2007, majority female-owned firms were more likely to declare growth intentions than majority male-owned firms. From 2004 to 2008, firms that declared growth intentions exhibited noticeably stronger growth in total revenue and full-time equivalents (employees) than firms that did not declare growth intentions regardless of owner gender. Action Strategies to Support Womens Enterprise Development The Canadian Task Force for Womens Business Growth. November 2011. In 2010, over 900,000 of the 2.6 million self-employed workers in Canada were women. Canadian women business owners are on average less likely to engage in international trade compared to male counterparts. Key Small Business Statistics July 2012 Statistics Canada. There were 910 000 self-employed women in Canada in 2008, accounting for about one-third of all self-employed persons. Between 1998 and 2008, the number of self-employed women grew by 6.4 percent compared with 11-percent growth in male self-employment. Accommodation and food services industries have the highest share of businesses that are majority-owned by females, at 22 percent. Women Entrepreneurs of Canada 84% of women feel their business has reached a size they are comfortable with and dont want to grow, as compared to 37% for men. Women are also more likely to operate businesses in the servic e sectors rather than in knowledge and manufacturing industries, which traditionally enjoy higher growth potential and profitability. Canadian Women Entrepreneurs, Research and Public Policy: Barbara Orser. Tefler School of Management. The University of Ottawa. November 2007. Because this is a literature review, I have followed each quote from Ms. Orsers report with the complete references she refers to, as she cited them in the appendices of her paper. The majority of majority women-owned firms (85 percent) are micro- businesses employing fewer than 5 people (Carrington, 2006)(p. 15). Women are significantly more likely to operate firms in the services sectors and less likely to operate knowledge-based industries and manufacturing operations. The most common service sectors for women entrepreneurs were wholesale/retail, professional services and information/culture/real estate. (Carrington, 2006) (p. 17). The majority of self-employed women (62.7 percent) remain unincorporated solo workers concentrated within personal services and retail sales sectors (Hughes, 1999; 2006) (p. 17). Canada is a global leader in wom en’s entrepreneurship (GEM, 2000). The participation rates of Canadian women business owners are comparable to those in the United States and higher than those of other leading nations such as Denmark, Finland, and New Zealand (Brush, Carter, Gatewood, Greene, Hart, 2006) Are Women Shortchanging Themselves? Paul Lima. Globeandmail.com Business. November 10, 2006. a flexible work schedule is a greater motivator for women planning to open their own business (63%) than for men planning to do so (51%). 36 percent of men planning to open a business plan to do so to become wealthy, while only 23 percent of women planning to open a business do so for the same reason. The majority of women and men entrepreneurs (69 and 64 percent respectively) seem to be equally driven by a love for what they do or hope to do. Women are less likely than men to start a business because they want to be their own boss. Women are more likely to employ a spouse or a child and to be first-time business owners. Virtually equal amounts of male and female entrepreneurs listed their three main challenges faced when starting up a business as finding clients; keeping a steady workload and working long hours. Canadian Women in Business in Summary: The numbers of Canadian women entrepreneurs are still growing.On average, women business owners are younger and have fewer years of management or ownership experience compared with male business owners. Women entrepreneurs are much more likely to choose to start and run small businesses in the retail and service sectors. Women entrepreneurs do not make as much money as male entrepreneurs although the gap appears to be closing. Canadian women business owners are on average less likely to engage in international trade compared to Canadian male business owners.

New Zealand Film History Essay Example | Topics and Well Written Essays - 2000 words

New Zealand Film History - Essay Example New Zealand is a cultural melting-pot. Its national identity didn't come ready-made to be served in a silver platter but it is a fusion of many cultures that are varied and oftentimes contradictory to each other. All of this hodge-podge of cultures that was the outcome of intermingling and sometimes violent embroilment of diverse heritages for hundreds of years produced a unique national cultural identity that is one of its kind and which is so "quite unlike anywhere else in the world" (New Zealand Facts). This can never be truly understood and Ruth Harley's claim that "our culture is the well from which filmmakers draw their inspiration" will never be fathomed if we do not dissect the various cultures that make up this multi-cultural nation that is called New Zealand. And this has to start by tracing New Zealand's history and describing the cultures that these various people possess. Oral tradition of the Maoris claimed that a dark-skinned people called Morioris or moa hunters were the original inhabitants of New Zealand. Legend has it that these pre-Maori Polynesians (Australia, New Zealand Encyclopedia 1975, p.1013) came to the eastern North Island to hunt for moas, which were extinct wingless birds standing about 12 feet tall. Various literature failed to give us their kind of culture but only that they were assimilated into the Maori society. A Maori navigator named Kupe was the known discoverer of the land he called Aotearoa or Long White Cloud at about 950AD. Thereafter the Maoris came to settle the land National Identity 2 at about 1350 AD. They came in 8 outrigger canoes from either Society Islands or Tahiti and with their advent, they brought with them their own distinct culture. Although described as cannibalistic warriors, these tough, resourceful and handsome people were and are closely-knit who are "bound in families and subtribal communities" and have a deep "sense of closeness and homeyness" (Schafer 1998, p.11). The Maori society was already highly evolved at that time and was characterised by division of social classes i.e. chieftains, commoners and slaves. Yet despite this, they had remained family-oriented rather than individualistic (MacInnes 1964, p.109). They are also highly eloquent and witty with a predilection for debating. Maoris are also gifted with the talent for wood carving which is distinguished by intricate convolutions and feature pseudo-Oriental masks that are probably the finest in the world. What makes Maori culture so unique is that they always strive to achieve physical perfection through dancing and their

Minutes of associated student organization Essay

Minutes of associated student organization - Essay Example In fact, Sarah and Michael had a screaming match about the amount the fees had increased in the past for the next half hour. Although it was facetiously entertaining, it emphasized the degree of seriousness this particular issue has brought the student community. A resolution was passed collectively to protest against this increase; nevertheless, one of the students, Bob, refused to sign his name to anything due to his phobia about commitments. The second issue that was discussed was the lineup for the next semester’s musical events. Bob remarked that there were too many country acts, and not enough alternative acts. He noted, â€Å"A little country goes a long way†, which spurred conflict with Marty, another member of the body. Marty vented, â€Å"What do you want, some idiot in leather who spits up fake blood.† He added that country acts are popular in the whole community as compared to alternative acts, which draw audiences very poorly. With the current policy of up-front deposits required by Elite Productions, the body agreed to ensure that we don’t book any weak acts, which could deplete the whole budget of the student organization for the entire year. Bob replied that he did not mean to neither degrade nor insult country acts, and the two agreed to discuss the issue at a deeper