The relation to time in the family business and in the start-up company: A comparative study

2018 ◽  
Vol 29 (2) ◽  
pp. 247-255 ◽  
Author(s):  
Amélie Villéger
Keyword(s):  
Comparative Study ◽  
Family Business ◽  
Start Up ◽  
The Family

The Early Entrepreneurial Stage in Finnish Family and Nonfamily Firms

2000 ◽  
Vol 13 (1) ◽  
pp. 41-53 ◽  
Author(s):  
Hannu Littunen ◽  
Kimmo Hyrsky
Keyword(s):  
Family Business ◽  
Manufacturing Industry ◽  
Family Firms ◽  
Well Being ◽  
Business Owners ◽  
Strategic Choices ◽  
Business Services ◽  
Start Up ◽  
The Family ◽  
Unrealistic Expectations

This study examined factors influencing the survival and success of 200 Finnish family and nonfamily firms in the metal-based manufacturing industry and business services over the first three years of their operation. The features that this study reviewed include owner-manager personality attributes, entrepreneurial competence, and motives for the start-up. Strategic choices of the firms were also examined. The study found that family firms were better equipped to survive beyond the early entrepreneurial stage than were nonfamily businesses. The entrepreneurial abilities and resources of the family business owners enabled them to operate relatively successfully in the nearby market, often with one unique product. The family firms were more conscious of survival and family well-being than profitability or market position. A higher mortality rate was discovered among the nonfamily firms. Failed firms were often established with unrealistic expectations, and their performance deteriorated rapidly after their early success.

scholarly journals Sustaining the Family Business With Minimal Financial Rewards

2013 ◽  
Vol 28 (2) ◽  
pp. 163-177 ◽  
Author(s):  
Jane L. Glover ◽  
Trish Reay
Keyword(s):  
Decision Making ◽  
Comparative Study ◽  
Family Business ◽  
Dairy Farms ◽  
Family Farm ◽  
Family Needs ◽  
Economic Returns ◽  
The United Kingdom ◽  
Strategic Behaviors ◽  
The Family

We engaged in a multicase comparative study exploring how family farm businesses continue when economic returns are minimal. We analyzed strategic approaches used by 20 family dairy farms operating in the United Kingdom and identified four different strategic behaviors chosen by the family farm businesses—diversifying the business, maximizing debt, sacrificing family needs, and compromising. Each strategy allows the firm to survive, but has consequences for the family, the business, or both. Our study contributes to the socioemotional wealth literature by showing how emotional attachment to the business can influence firm decision making.

scholarly journals Entrepreneurial Motivation and Challenges: A Study on Women Entrepreneurs in Sylhet City

2015 ◽  
Vol 4 (2) ◽  
pp. 111-122
Author(s):  
Fathema Farjana Hani
Keyword(s):  
Family Business ◽  
Gender Discrimination ◽  
Poverty Alleviation ◽  
Women Entrepreneurs ◽  
Economic Freedom ◽  
Secondary Data ◽  
Women Entrepreneurship ◽  
Start Up ◽  
The Family ◽  
And Training

Women entrepreneurship is not only the way of poverty alleviation but also the key to a nation’s overall advancement. This study attempts to explore several aspects of them. It emphasized on the profile of women entrepreneurs, identifying the motivation behind their entrepreneurial career, and pinpointing the challenges they are facing. The study conducted on 50 women entrepreneurs of Sylhet city. Both primary and secondary data was used. The profile of the women entrepreneurs shows information about their age, educational qualification, marital status, type of family they belongs to. Type and ownership of their business, amount and sources of start-up capital, no. of employees and their future career plan is also included in the profile. The study identified that 31% of the respondents are self-motivated to be entrepreneurs. The reasons to start business consist of- be self-dependent, extra income for the family, to run the family business, for economic freedom, etc.  The study also finds out challenges in starting and continuing business of women entrepreneurs that can obstruct the smooth functioning of it. Some of the challenges are- conservative social attitude, gender discrimination, lack of skills and training facilities, infrastructural problems, etc. The study also reveals that the women entrepreneurs in Sylhet city are getting the support of family members, and they can manage start-up capital. This study has some implication for researchers in the area of entrepreneurship and women entrepreneurship.

Halen Môn: The Story of an ‘Uncomfortable’ Innovation

2011 ◽  
Vol 12 (4) ◽  
pp. 307-312 ◽  
Author(s):  
James Carr ◽  
Nerys Fuller-Love
Keyword(s):  
Small Business ◽  
Family Business ◽  
Innovation Process ◽  
Strategic Leadership ◽  
Strategic Partnerships ◽  
North Wales ◽  
Start Up ◽  
The Family ◽  
The Uk

Halen Môn is a family business in Anglesey, North Wales that began life in a saucepan of seawater on the Aga in the family kitchen. Today Halen Môn supplies Marks and Spencer, Waitrose and Harvey Nichols in the UK and their salt can also be found in 22 countries and some of the world's top restaurants. This case study views the development of this small business from the start-up phase to the present day. The resulting analysis illustrates the importance of three key elements of the innovation process: the need to develop an innovative organization; strategic leadership; and the formation of rich networks and strategic partnerships.

FEMALE ENTREPRENEURS IN AUSTRALIA: AN INVESTIGATION OF FINANCIAL AND FAMILY ISSUES

1995 ◽  
Vol 03 (04) ◽  
pp. 445-461 ◽  
Author(s):  
JOHN BREEN ◽  
CHERYL CALVERT ◽  
JUDY OLIVER
Keyword(s):  
Family Business ◽  
Female Entrepreneurs ◽  
Services Sector ◽  
Home Based ◽  
Start Up ◽  
Family Issues ◽  
The Family ◽  
Survey Results ◽  
Female Entrepreneur ◽  
Personal Savings

This paper discusses the findings of a survey of female entrepreneurs in Australia and provides a profile of the female entrepreneur and their business activity. The characteristics of the entrepreneur are described, including their motivation for going into business, their attitudes toward training and joining networks. The issues of access to finance and family/business conflict are further investigated in the light of current literature. The results indicate that female entrepreneurs in Australia are well educated and tend to commence their businesses with low start-up capital obtained from personal savings or from family and friends. Their businesses are concentrated in the services sector, with a significant number starting out as home-based businesses. Despite evidence that female entrepreneurs have difficulty in obtaining loan funds, the survey results indicated that a high proportion of female entrepreneurs applying for loans were successful. Further analysis of the survey data indicated that the reason for the loan success had little to do with the strength of the business. This was evidenced by the respondents advising that the main type of information requested at the loan interview was personal financial details, that a high proportion of loans were secured by the family home, and that financial institutions required little in the way of ongoing reporting.

Human Resources in the Family Business

2016 ◽  
Author(s):  
David Ransburg ◽  
Wendy Sage-Hayward ◽  
Amy M. Schuman
Keyword(s):  
Human Resources ◽  
Family Business ◽  
The Family

Making gender visible in family business: past and present

2012 ◽  
Vol 13 (1) ◽  
Author(s):  
Paloma Fernández Pérez ◽  
Eleanor Hamilton
Keyword(s):  
Family Business ◽  
Family Firms ◽  
Business Leadership ◽  
Legal Rules ◽  
Developed Economies ◽  
The Family ◽  
Interdisciplinary Synthesis ◽  
Complex Forms ◽  
Rules Of The Game

This  study  contributes  to  developing  our understanding of gender and family business. It draws on studies from the business history and management literatures and provides an interdisciplinary synthesis. It illuminates the role of women and their participation in the entrepreneurial practices of the family and the business. Leadership is introduced as a concept to examine the roles of women and men in family firms, arguing that concepts used  by  historians or economists like ownership and management have served to make women ‘invisible’, at least in western developed economies in which owners and managers have been historically due to legal rules  of  the  game  men,  and  minoritarily women. Finally, it explores gender relations and  the  notion  that  leadership  in  family business  may  take  complex  forms  crafte within constantly changing relationships.

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