Description: Many would probably say that the pandemic has been a terrible time for business. But a number of entrepreneurs have confounded the conventional wisdom by starting businesses in Canada during these tough times. For instance, Mike Livingstone saw losing his job as an executive in the transportation business as a chance for him to finally start his dream bakery. Meanwhile, two Nova Scotians saw the pandemic shutdown as a unique opportunity to open Chanoey’s Pasta, a predominantly takeout restaurant in Dartmouth.
Date: March 17, 2021; updated March 18, 2021
1) Do you or any of your classmates know anyone who has started a business during the pandemic?
2) Why do you think some people are able to see new business opportunities while the rest of the world is shutting down?
3) Pages 1-5 through 1-7 of Wiley’s Financial Accounting: Tools for Business Decision-Making, discuss the three major forms of business organization. Which of these do you think is the most likely form entrepreneurs would choose during the pandemic?