Business owners do not have the luxury of the Fortune 500 to ask committees to do an analysis and white paper before making a decision (or not). I heard that 99% of registered companies in Canada are SMEs - (small and medium sized enterprises.) That high number is quite astounding but should not have suprised me as I do believe Canada is a great place to start and run your own company.
Naomi Klein stoked a fire with her negative spin on the evil of corporates. I will leave that topic but the smaller companies are just too busy surviving and are surprisingly devoted to their staff. The hardest part of this downturn for many of the CEOs is letting people go.
Private equity in Toronto has played a big role in getting SMEs transformed into professionally run companies who can then operate globally. I believe the credit crisis is part of a larger fundamental shift in power shifting away from large institutions like banks, who used to be the only place to get money to grow companies - along with the public market. I expand on this shift in Money Magnet. Over the past ten years there has been an explosion of private money being invested into companies but these venture capitalists would also get in guide the entrepreneur.
Here's The Economist bolstering the role of the entrepreneur.