A Conceptual Model of Small Business Owners’ Unique Retirement Decisions: Multilevel Antecedents and Retirement Adjustment Consequences

2020 ◽  
Vol 6 (3) ◽  
pp. 146-152
Author(s):  
Valeria Alterman ◽  
Ariane Froidevaux ◽  
Ulrike Fasbender ◽  
Jiangpei Xie
Keyword(s):  
Small Business ◽  
Conceptual Model ◽  
Well Being ◽  
Business Owners ◽  
Psychological Ownership ◽  
Small Business Owners ◽  
Business Partners ◽  
Related Family ◽  
Retirement Decisions ◽  
The Individual

Abstract The research on small business owners’ (SBOs’) retirement process has been very limited in the literature. In this commentary, we first outline SBOs’ 4 specific retirement decision options, including family succession, retire from management while maintaining ownership, independent sale, and liquidation. We then examine their unique multilevel antecedents that may shape SBOs’ retirement decisions at the individual (e.g., psychological ownership), relational (e.g., business-related family conflict and potential successor), and business (e.g., presence of business partners and business financial value) levels. Next, we explain how SBOs’ specific retirement decisions may shape their retirement adjustment in terms of both psychological and financial well-being. The overall purpose of this article is to provide a conceptual model of SBOs’ unique retirement decisions to support the understanding of SBO’s retirement process and help the literature move forward on this topic.

scholarly journals Evaluating mentoring outcomes from the perspective of entrepreneurs and small business owners

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Cordelia Kunaka ◽  
Menisha N. Moos
Keyword(s):  
Knowledge Transfer ◽  
Small Business ◽  
South African ◽  
Business Owners ◽  
Small Business Owners ◽  
Online Questionnaire ◽  
Skills Transfer ◽  
Business Outcomes ◽  
Theoretical Contribution ◽  
The Individual

Background: Mentoring as support for both the business and the individual entrepreneur or small business owner is important for the continued perseverance of the entrepreneurial journey.Aim: Different mentoring outcomes were evaluated to establish what is being gained from the mentoring relationships to encourage other entrepreneurs and small business owners to pursue mentoring relationships.Setting: South African entrepreneurs and small business owners who were currently being mentored or had been mentored.Method: The study used a survey research design that consisted of 209 qualifying entrepreneurs and small business owners. An online questionnaire was used to collect the data.Results: The results show that there is a relationship between the different mentoring outcomes (skills transfer outcomes, knowledge transfer outcomes, entrepreneur resilience outcomes and business outcomes). In addition, it was established that as the mentoring relationship goes through the different phases of initiation, cultivation, separation and redefinition, mentoring outcomes such as skills transfer and entrepreneur resilience are independently attained.Conclusion: Understanding the outcomes of mentoring will encourage more participation in the field of mentoring for South African mentors, entrepreneurs and small business owners through awareness of the benefits thereof as well as how mentoring can form a strong supporting mechanism. This research makes a theoretical contribution by naming and grouping mentoring outcomes into four categories, such as skills transfer outcomes, knowledge transfer outcomes, entrepreneur resilience outcomes and business outcomes.

scholarly journals MOTIVATIONS AND BARRIERS OF ENTREPRENEURS IN MOSCOW AND THE MOSCOW REGION

2021 ◽  
Vol 22 (2) ◽  
pp. 256-266
Author(s):  
Natalia Sulikashvili ◽  
Godefroy Kizaba ◽  
Abdelouahid Assaidi
Keyword(s):  
Small Business ◽  
Its Region ◽  
Well Being ◽  
Business Owners ◽  
Moscow Region ◽  
Entrepreneurial Activity ◽  
Small Business Owners ◽  
Financial Barriers ◽  
Slowing Down ◽  
The Family

The main goal of this research is to examine the motivation of entrepreneurs from Moscow and the Moscow region in conducting entrepreneurial activity in present economic conditions, and to identify the obstacles slowing down this activity. For implementing this goal a survey of 63 small business owners was conducted. To collect the data, authors selected the ME (micro-enterprise), the SB (small business) and the SME (small and medium-sized enterprise). The actors questioned were entrepreneurs and more particularly the heads of companies running an ME, SB or SME in Moscow and its regions. Using research methods as factor analysis and Cronbach’s Alpha, a hierarchy of the different motives and entrepreneurial barriers were constructed. Investigation results show that regarding motivations of entrepreneurs, 4 components were obtained: extrinsic motivations composed of 4 items, intrinsic motivations composed of 6 items, motivations linked to independence and autonomy with 3 items and motivations related to the safety and well-being of the family with 3 items. In terms of barriers or obstacles encountered by Russian entrepreneurs, in regards with the literature review, we obtained 5 components: barriers of legitimacy consisting of 3 items, administrative barriers with 3 items, financial barriers with 2 items, managerial barriers with 3 items and finally competitive barriers with 3 items. The novelty of this study is to improve knowledge of the motivations and barriers that entrepreneurs in Moscow and its region encounter in the course of their activity.

scholarly journals Small business barriers to occupational health and safety compliance

2019 ◽  
Vol 11 (1) ◽  
Author(s):  
Elriza Esterhuyzen
Keyword(s):  
South Africa ◽  
Occupational Health ◽  
Small Business ◽  
South African ◽  
Small Businesses ◽  
Health And Safety ◽  
Occupational Health And Safety ◽  
Well Being ◽  
Business Owners ◽  
Small Business Owners

Background: The Constitution of South Africa indicates that all people have the right to an environment that is not harmful to their health and well-being. This right is reiterated in the Occupational Health and Safety Act 83 of 1993. However, small business owners and/or managers experience specific barriers to occupational health and safety (OHS) compliance. The study was conducted in Gauteng, KwaZulu-Natal and the Western Cape provinces of South Africa, as these three provinces account for 82% of active businesses in South Africa.Objective: This article discusses barriers to OHS compliance as perceived by South African small business owners and/or managers.Method: A total of 350 small business owners and/or managers from the three above-mentioned provinces participated in a questionnaire survey, with one section focussing on barriers to OHS compliance. Participants rated 11 predetermined barriers to OHS compliance and could indicate and rate additional barriers. Descriptive and inferential statistics were used to report on these perceived barriers.Results: Results indicated that the perceived barriers to OHS compliance can be categorised as human and resource barriers.Conclusion: South African small business owners and/or managers experience barriers to compliance that prevent them from full compliance with OHS directives, which can be costly. Small business owners and/or managers need to take cognisance of applicable OHS directives as well as identified barriers to compliance. These barriers need to be addressed to allow small businesses to comply with OHS directives and to enhance the sustainability of small businesses. The question is not whether small businesses can afford OHS compliance, but if they can afford not to overcome barriers and comply.

scholarly journals Juggling or Struggling? Work and Family Interface and Its Buffers among Small Business Owners

2016 ◽  
Vol 6 (2) ◽  
Author(s):  
Hieu Nguyen ◽  
Sukanlaya Sawang
Keyword(s):  
Mental Health ◽  
Social Support ◽  
Small Business ◽  
Family Conflict ◽  
Well Being ◽  
Business Owners ◽  
Work And Family ◽  
Small Business Owners ◽  
Work Family Conflict ◽  
Work Family

AbstractThis study responds to calls for theory and research on work–family aspects in entrepreneurship research. This study examines the role of work–family conflict, work–family enhancement and social support on small business owners’ (SBOs) well-being. Drawing from The Household Income and Labour Dynamics in Australia (HILDA) panel data, the sample is restricted to SBOs, married with children under the age of 14 during 2010–2011 (two waves), totaling 167 SBOs. Results revealed that work–family conflict has a negative direct effect on mental health, job, family and life satisfactions. Similarly, work–family enhancement was found to have a direct positive effect on job, family and life satisfaction but not mental health. A significant interaction term also suggested that work–family enhancement moderated the relationship between work–family conflict and SBOs’ job satisfaction. Finally social support was found to have positive main effect on both subjective and psychological well-being. The interventions to well-being of SBOs should aim to balance the work and family lives of SBOs as well as making sure they have adequate social support networks. For public policy makers, support programs should extend from traditional means to balancing work–family matters for this particular occupation. Aside from broadening existing knowledge on the effects of work–family conflict, enhancement and social support, this is one of the first studies to examine well-being as a measure of success for SBOs. Additionally, the use of cross-wave data in the present study helps us to reduce this problem and provide a much stronger causal relationship between the focal variables of interest.

Suggestions on Tax Support for Small Business Owners

2020 ◽  
Vol 21 (1) ◽  
pp. 89-107
Author(s):  
Sung Ho Jang ◽  
Sung Ook Park ◽  
Hyung Jong Na
Keyword(s):  
Small Business ◽  
Business Owners ◽  
Small Business Owners

Retirement, Recessions and Older Small Business Owners

2012 ◽  
Author(s):  
Tami Gurley-Calvez ◽  
Kandice Kapinos ◽  
Donald James Bruce
Keyword(s):  
Small Business ◽  
Business Owners ◽  
Small Business Owners
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