Family Impacts on Emerging Ventures in Poland

1995 ◽  
Vol 8 (4) ◽  
pp. 293-300 ◽  
Author(s):  
Harold Welsch ◽  
Gerald Hills ◽  
Frank Hoy
Keyword(s):  
United States ◽  
Small Business ◽  
Family Business ◽  
New Ventures ◽  
The United States ◽  
Business Owners ◽  
Family Businesses ◽  
Small Business Owners ◽  
Emerging Democracy

This study reports the results of a survey of eighty owners of new ventures in Poland. The purpose of the survey was to assess the problems faced by small business owners and prospective small business owners in this emerging democracy. The sample was almost evenly split between family businesses and nonfamily businesses, which allowed for comparisons between family business issues in Poland and in the United States and between family and nonfamily business in Poland.

scholarly journals Small Business Owners’ Perception of Balanced Scorecard for Business Survival and Growth

2021 ◽  
Vol 9 (10) ◽  
pp. 14-33
Author(s):  
Dr. Emad Ahmed ◽  
Dr. Medhat Alsafadi
Keyword(s):  
United States ◽  
Small Business ◽  
Balanced Scorecard ◽  
Small Businesses ◽  
The United States ◽  
Business Owners ◽  
Small Business Owners ◽  
Business Growth ◽  
Business Survival ◽  
The Balanced Scorecard

The United States Small Business Administration (SBA) defines Small Business Enterprises (SMEs) business establishments that are independently owned managed or operated. Small business organization indicates that some of them have found the Balanced Scorecard to be very significant in boosting general performance in two key perspectives: higher complexity and management capability and drives change and enhance rapid growth. However, in the recent past, there has been increased study on the adoption of BSC in small organizations. The objective of this study was to determine the how small business owners in the United States perceive the aspects of balance score card in regard to business survivability, growth and competitiveness. Hypotheses that were to be answered include H1: Small business owners’ perceive learning and growth as the most significant perspective for their business survival, growth, and competitiveness beside the financial perspective. H2: Small business owners’ perceive customers as the most significant perspective for business growth, survival, and competitiveness. H3: Small businesses owners perceive internal business processes as the most significant perspective for their business growth, survival, and competitiveness. The philosophy adopted is positivist with explanatory and descriptive strategies. The approach of the research is quantitative using ANOVA analysis. The 100 sample companies were selected from the Best 100 small business in the SBA website and survey questionnaire sent online to this selected companies. The result of the research indicated that the most significant Balanced Scorecard perspective is the customer. At the end of the research, it was deciphered that all initiatives that the small business listed in SBA undertake when applying the BSC, customer focus is always the guiding force. Therefore, it can be stated overly that there a significant positive perception of the Balanced Scorecard as a tool to enhance growth and survivability among small businesses.

Growing Small Business: Mitigating the Wage and Wealth Gap

2019 ◽  
Vol 51 (2) ◽  
pp. 48-54
Author(s):  
Stefanie Ertel
Keyword(s):  
United States ◽  
Small Business ◽  
The United States ◽  
Business Owners ◽  
Local Economy ◽  
Small Business Owners ◽  
Poverty Level ◽  
Wealth Gap ◽  
The Impact

This article not only acknowledges that the wage and wealth gap is an issue larger than the scope of the following research, but also endeavors to begin foundational conversations in order to assist small business owners. This article will delve into surveys received from 11 small business owners around the country, offering solutions and concluding with the impact small business owners can make in addressing the wage and wealth gap. Many in the United States are considered to be within the poverty level, and many of those individuals are working for larger corporations who do not pay enough per hour to adequately support their employees. Quotes and credible statistics will be used throughout the article to portray the opportunity small business owners have in order to help those who are poverty stricken today, and ultimately the local economy.

Effects of parental entrepreneurial performance on the mode of entrepreneurial entry by the next-generation family members: evidence from an emerging economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Sarah Watiri Muigai ◽  
Edward Mungai ◽  
S. Ramakrishna Velamuri
Keyword(s):  
Small Business ◽  
Family Business ◽  
Family Members ◽  
Business Owners ◽  
Small Business Owners ◽  
Next Generation ◽  
Content Type ◽  
Entrepreneurial Entry ◽  
Generation Family ◽  
Formal Employment

PurposeThe purpose of the paper is to examine the effects of perceived parental entrepreneurial rewards, or PPERs (i.e. the offspring's perception of the degree of parental success in entrepreneurship), on the corporate venturing (CV) mode of entrepreneurial entry and the interaction effects of family business involvement (FBI) and formal employment on the association between PPER and CV by the next-generation family members.Design/methodology/approachA survey was administered to a sample of 738 small business owners in Kenya; of which, 440 small business owners were selected because they grew up in a family business context. A probit model was used to examine the main and interaction effects.FindingsPPERs significantly influenced CV. FBI improves the positive relationship whereas formal employment reduces the effects of PPER on CV.Practical implicationsFamilies in business need to improve conversations with their children to include discussions concerning the intrinsic and extrinsic rewards of running a family business, which may shape not only the entrepreneurial entry path of their offspring but also the willingness to establish businesses that may grow and lead to continuity of the family business of origin.Originality/valueThe study investigates the effect of being embedded in a business family in shaping the CV mode of entrepreneurial entry by the next-generation family members who may not, on the one hand, find independent own founding an attractive option and for whom, on the other hand, the succession mode of entry may not be an option.

‘Now the German comes’: The ethnic effect of gentrification in Berlin

Ethnicities ◽  
2018 ◽  
Vol 20 (1) ◽  
pp. 155-176
Author(s):  
Defne Kadıoğlu Polat
Keyword(s):  
United States ◽  
Western Europe ◽  
The United States ◽  
Business Owners ◽  
Small Business Owners ◽  
Urban Inequality ◽  
Turkish Immigrants ◽  
Turkish Immigrant ◽  
Racial History ◽  
Long Time

Compared to the United States, the relationship between ethnicity and gentrification is still understudied in the Western European context. However, while Western Europe does not have the same racial history as the United States, ethnic and racial divisions are still expressed through urban inequality. This paper, a study of small-business owners in an ethnically stigmatized Berlin neighborhood, shows how the gentrification process leads to the revelation and reification of ethnic boundaries between Turkish immigrants and their descendants and the so-called German majority society. It firstly finds that gentrification by Turkish-origin business owners is frequently understood as an ethnic remake that leads to the displacement of Turkish immigrants and their families in favor of non-immigrant Germans. The gentrification process is accordingly perceived, not only as a form of material dispossession, but also as a form of cultural dispossession in which the multicultural character of the quarter is erased. Second, the paper postulates that, in cases in which Turkish immigrant entrepreneurs adapt their businesses to the demands of new middle-class consumers, they tend to exclude the lower-income population in the quarter whom they mainly define as Turkish or Arabic. All in all, the debate presented in this paper shows how, in the German context, gentrification relates to prior forms of ethnic prejudice, discrimination and racism. It thereby also complicates the prominent discussion on the nexus between gentrification and displacement by showing that, even if long-time residents are not immediately threatened with having to leave, they still experience forms of exclusion that are entrenched with already existing structural inequalities.

FACTORS CONTRIBUTORY TO SUCCESS: A STUDY OF PAKISTAN'S SMALL BUSINESS OWNERS

2007 ◽  
Vol 12 (02) ◽  
pp. 181-198 ◽  
Author(s):  
STEVEN P. COY ◽  
MARGARET F. SHIPLEY ◽  
KHURSHEED OMER ◽  
RAO NISAR A. KHAN
Keyword(s):  
Small Business ◽  
Western Europe ◽  
The United States ◽  
Business Owners ◽  
Business Success ◽  
Small Business Owners ◽  
The Past ◽  
Survey Results ◽  
Small Business Success ◽  
Internal And External Factors

Small business and entrepreneurship have been at the heart of Pakistan's economy for almost 60 years, yet little (if any) research has been conducted that identifies factors crucial for small business success in Pakistan. In the past, studies identifying factors crucial for small business success have focused primarily on the United States and Western Europe. This paper presents survey results from 265 small business owners located in and around Karachi, the largest city and hub of economic activity in Pakistan. The survey was designed to identify the internal and external factors that Pakistani small businesspersons believe are critical for success.

Main street business owners: aging in plain sight

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Nancy Forster-Holt
Keyword(s):  
Small Business ◽  
The United States ◽  
Business Owners ◽  
World Health ◽  
Small Business Owners ◽  
Content Type ◽  
Entrepreneurial Ecosystems ◽  
Main Street ◽  
Age In Place

PurposeAging is the most important social-demographic issue worldwide, supported by the initiatives of the World Health Organization (WHO) in its global strategy and action plan for aging and health (Rudnicka et al., 2020). The average age of business owners in most industrialized countries is on the rise. In the United States, fifty-one percent of small private businesses are owned by someone age fifty-plus (SBA Office of Advocacy, 2018).Design/methodology/approachThe authors shed light on small business owners, who age in place. The authors suggest that their importance as long-term actors in entrepreneurial ecosystems nor the issue of “Main Street churn” have not been meaningfully explored. They become embedded in their community and possibly stuck there in retirement. Understanding the risks they face offers an opportunity for academics and practitioners to provide insights for business owners, the next generation of the acquirer and advisors. The coronavirus disease 2019 (COVID-19) pandemic has elevated the status of many of these businesses from invisible (and perhaps taken for granted) to “essential” and amplified the co-dependence of business and the local economy.Findings The anticipated “silver tsunami” caused by the retirements of Main Street business owners is not a national and homogeneous wave. Rather, each wave will land on beaches locally. Small business owners age in place, and their importance as long-term actors in entrepreneurial ecosystems nor the issue of “Main Street churn” have not been meaningfully explored. They become embedded in their community and possibly stuck there in retirement.Originality/value The embeddedness of these owners – who likely have social connections, community identification and feelings of responsibility to the community directly impacts the places that they care deeply about – is often unquestioned. However, their retirements call for increased visibility within entrepreneurial ecosystems and translations of scholarly work from several kinds of literature into policy and practice.

scholarly journals Forgotten Sources of Capital for the Family-Owned Business

1995 ◽  
Vol 8 (3) ◽  
pp. 159-176 ◽  
Author(s):  
Michael Harvey ◽  
Rodney Evans
Keyword(s):  
United States ◽  
Family Business ◽  
The United States ◽  
Family Businesses ◽  
Personal Relationships ◽  
Financial Intermediaries ◽  
Wall Street ◽  
Savings And Loan ◽  
The Family ◽  
Sources Of Capital

The recent scandals on Wall Street in the banking and savings and loan industries have created a financial crisis for many family businesses, particularly those in smaller towns and cities. The long-standing personal relationships with financial intermediaries have been altered by the loss of these financial organizations and by heightened government intervention and regulation. To manage the finances of a family business successfully, the owners must reassess forgotten sources of capital for their businesses. This article examines these sources of capital for family businesses in the United States.

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