Big Government and Affirmative Action: The Scandalous History of the Small Business Administration. By Jonathan L. Bean. Lexington: University of Kentucky Press, 2001. Pp. xii, 224. $29.95.

2001 ◽  
Vol 61 (4) ◽  
pp. 1157-1158
Author(s):  
Scott Wallsten

Jonathan Bean's book chronicles the growth and development of the Small Business Administration (SBA) from its inception in 1953 through the present. In addition to placing the SBA's actions in the context of changing political environments, the book focuses on three separate issues, though it is not organized this way. The first two are different types of affirmative action: preferences and subsidies for “small” firms, and preferences for people who have been “economically disadvantaged.” Finally, it chronicles the history of scandal and corruption that has plagued the SBA.

1983 ◽  
Vol 7 (4) ◽  
pp. 19-26 ◽  
Author(s):  
Henry Wichmann

The Small Business Administration (SBA) estimates that small businesses represent 97 percent of all businesses in the United States [5, p. 1]. The SBA defines a small business as “one that is not dominate in its field.” While the ma and pa shops fall within this definition, much larger firms are considered small under SBA criteria. The owner-managers of these small firms face unique problems—success or failure is keyed to solving these problems. Each year in the United States, some 500,000 new businesses start and 400,000 businesses discontinue operations [1, p. 47]. These discontinuances are not all due to business failure (a bankrupt firm). Some small firms are merged with larger companies, while the spark of life leaves other small firms because the owner retires without a son or daughter to take over the reins of leadership. The purpose of this article is to aid small business managers by (1) reviewing the process of beginning a business, (2) identifying some of the attributes that characterize a successful or unsuccessful small business, and (3) discussing small firms’ problems common to the frontier states of Alaska and Wyoming.


Author(s):  
Abraham Oketooyin Gbadebo

This chapter presents uncommon sources of financing SMEs. Finance is indispensable factor for development and growth of SMEs everywhere in the world. However, few people are acquainted to alternative sources of financing SMEs other than the traditional mediums. In Nigeria, lack of knowledge on non-traditional sources of funding has either contributed to the death or slow pace of development of SMEs. Some of the uncommon sources are crowdfunding, merchant cash advance, elusive business grant, and small business administration. In the chapter, the author exposes these sources as well as present guidelines on how they could be accessed.


2014 ◽  
Vol 3 (2) ◽  
pp. 222-236 ◽  
Author(s):  
Michael T. Schaper

Purpose – The purpose of this paper is to provide an overview of the development of the SME sector in Australia, concentrating on a number of key areas: small business definitions and numbers; the role of government; the emergence of key industry groups; and the evolution of education, training and research services. Design/methodology/approach – The study is a result of extensive literature reviews, desk research and the recollections of various participants in the field. Findings – There have been major changes to the Australian small business sector over the last 40 years. In 1983-1984 there were an estimated 550,000 small firms, and by 2010 this had grown to almost two million. Government involvement in, and support for, SMEs was virtually non-existent before 1970. Following the delivery of the Wiltshire report (1971), however, both state and federal governments responded by developing specialist advisory services, funding programmes and other support tools. Virtually non-existent before the 1970s, several peak industry associations were formed between 1977 and the 1990s. At the same time, formal education and teaching in the area expanded in the 1970s and 1980s and is now widespread. Practical implications – Development of the small business sector in Australia has often paralleled similar trends in other OECD nations. State and territory governments have often (but not always) been the principal drivers of policy change. Originality/value – There has been no little, if any, prior documentation of the evolution of the small business sector in Australia in the last 40 years.


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