ASTEL: The Aston/Telford small business development programme

1988 ◽  
Vol 2 (1) ◽  
pp. 55-55
Author(s):  
John Bailey
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
University Management ◽  
Business Services ◽  
Small Business Development ◽  
Start Up ◽  
Corporate Entity ◽  
Training Courses ◽  
Functional Areas

Aston University Management Centre and Telford Business Services Unit have joined together to create a management development package which will address an area where currently there is little help for small businesses. Many training courses have been devised for the small firms market but most of them address specific functional areas of business or small business start-up. They do not deal with a business as a corporate entity, neither do they appear to address all aspects of a particular business.

Small Business COVID-19 Lending Programs: Fostering Social Capital and Financial Stability

2021 ◽  
Author(s):  
Jason Sabatelle ◽  
Adonis Caramintzos ◽  
Jamie McCall
Keyword(s):  
Social Capital ◽  
Community Development ◽  
Small Business ◽  
Small Businesses ◽  
Financial Stability ◽  
Small Firms ◽  
Safety Net ◽  
Small Business Development ◽  
Capital Development ◽  
Capital Injections

In times of crisis, investment in entrepreneurial ventures tends to decline. Early data suggest the decline in small business investments due to the pandemic will be historic in scope and depth. Community development lending practices aim to sustain small firms until they can resume their normal course of business. Affordable financing provides capital injections into small businesses which can help to cushion against COVID-19 induced economic shocks. Using Carolina Small Business Development Fund’s lending data as a case study, this analysis considers the effect of COVID-19 response programs. These activities are oriented towards creating a “social safety net” of Main Street businesses that boost social capital development, community trust, and financial stability. We believe the findings are likely generalizable to lending activities by other community development financial institutions.

scholarly journals THE ESSENCE OF THE FINANCIAL MECHANISM FOR THE DEVELOPMENT OF SMALL AND MEDIUM BUSINESS

2020 ◽  
pp. 7-14
Author(s):  
Anastasia Balatska
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Environment ◽  
Economic Potential ◽  
Small Business Development ◽  
Start Up ◽  
National Economic ◽  
Mechanisms Of Development ◽  
Effective Use ◽  
Small And Medium Business

The paper explored the main problems of small business in Ukraine, including: general state of Ukraine's economy, the problem of monopolization of business, low domestic. competition, the lack of sufficient start-up capital, financial capital, imperfect tax system, high levels of corruption, unstable business environment declarative form of state support and others. Determined that solving these problems of small business development in Ukraine should be one of the key areas of public policy, because small businesses will significantly improve the effectiveness of national economic potential, optimization of Ukraine's participation in international division of labor, strengthening the competitiveness of the national economy. The publication considers the essence and the objective necessity of the use of financial mechanisms for the development of small and medium business, discloses a scheme for the implementation of the financial mechanisms of development of small business through financial instruments. The research defines the problems and prospects of effective use of these financial mechanisms in Ukraine.

Why businesses succeed or fail: a study on small businesses in Pakistan

2016 ◽  
Vol 8 (1) ◽  
pp. 82-100 ◽  
Author(s):  
Shabir Hyder ◽  
Robert N. Lussier
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
Capital Inflows ◽  
Business Success ◽  
Business Owner ◽  
Content Type ◽  
Small Business Development ◽  
Study Methodology ◽  
Practical Implications

Purpose – The aim of this paper is to examine the factors that lead to either success or failure of small firms in Pakistan. Design/methodology/approach – This study methodology is a survey research applying the Lussier Model of business success and failure with a sample of 143 small businesses to better understand the reasons of their success or failure using logistic regression statistical analysis. Findings – Results indicate that business planning, proper employee staffing, adequate capital inflows and partnerships are important for the viability and success of small businesses in Pakistan. Practical implications – Results provide further support for the validity of the Lussier Model in Pakistan and globally. Thus, small business owner/managers can use the model to help improve their chances of success and to avoid failure. Other stakeholders, including parties that assist and advise them, investors and institutions who/that provide them with capital and other resources and communities and society by and large, can also benefit from this model. The results and discussion also provide information to assist public policymakers in developing programs to support small business development. Originality/value – This is the first study on success and failure of small businesses in Pakistan. With the great discrepancy in the literature as to which variables, in fact, distinguish success from failure, there is no accepted theory. Thus, this study contributes to the literature to better understand why some businesses succeed and others fail, and it supports the use of the Lussier Model globally.

Problems of Small Business Development in the Context of Tax Changes

2020 ◽  
Vol 8 (2) ◽  
pp. 31-36
Author(s):  
Yu. Dvoretskaya ◽  
O. Kuznetsova ◽  
L. Ermakova
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
Business Development ◽  
Small Enterprises ◽  
Financial Indicators ◽  
Small Business Development ◽  
Business Entities ◽  
Tax Changes

The article reflects modern trends in the development of domestic small business entities – problems related to their reduction and volatility of financial indicators of activity have been identified. The authors noted the positive and negative characteristics of the modern tax environment for small businesses in Russia (paying special attention to the possibility of abolishing the special tax regime on payment of ENVD), proposed a model of optimization of the internal tax mechanism for small enterprises. The recommended model focuses on changing the activities of small firms in response to tax changes (both from an organizational and industry perspective). It is proposed to choose types of business activities that allow to minimize fiscal burden for small businesses.

scholarly journals Institutional and normative legal basis of small business activity

2018 ◽  
Vol 6 (8) ◽  
pp. 71-77
Author(s):  
S. V. Osadchuk
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Performance ◽  
Early Stage ◽  
Business Activity ◽  
Small Business Development ◽  
State Management ◽  
Start Up ◽  
Favorable Conditions ◽  
Trend Of Development

This paper aims to contribute to the understanding of the factors that influence small to medium-sized enterprise (SME) performance and particularly, growth. However, the paper also demonstrates that although contributing to the knowledge base, our understandings of business performance and levels of theorising remain incomplete. The paper provides a theoretical justification for the expediency of further development of the system of state management of small business development. In particular, it defines the basics of small business. It analyzes the institutional and normative support of small business activity. There have been analyzed the indicators of small business activity in recent years. There was established a negative trend of development and conditions for it for small businesses in it. The world trend of development of the market with participation of subjects of small business is defined. The most priority and least profitable projects in small business have been revealed. There was emphasized the necessity of creating more favorable conditions for development of small business by the state. The results suggest that size and age of enterprise dominate performance and are more important than strategy and the entrepreneurial characteristics of the owner. Using new data that samples early stage entrepreneurs just prior to business start up, it showed that few small businesses intend to bring a new idea to market. Instead, most intend to provide an existing service to an existing market. Having a business plan was also found to be important in the economic development. This paper seeks to contribute to the development of the literature on factors that influence the performance of businesses through a robust empirical study by updating the current problem components. Collectively, these results suggest that there are other first order reasons why small businesses form aside from the innovation or growth motives which are embedded in most theories of entrepreneurship. And this reasons connected with governance and rules of its realisation in state.

EXPORTING BY SMALL BUSINESSES: START-UP EFFECTIVENESS ISSUES

1997 ◽  
Vol 05 (04) ◽  
pp. 341-353 ◽  
Author(s):  
PHILIP D. OLSON ◽  
NEWELL GOUGH ◽  
DONALD W. BOKOR
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
Growth Strategy ◽  
First Year ◽  
Export Intensity ◽  
Effectiveness Measure ◽  
Start Up ◽  
Foreign Countries ◽  
Total Sales

As a growth strategy, small businesses are increasingly seeking customers in foreign countries. Our knowledge about certain small business export concepts and relationships, however, is still fragmented. The purpose of this study is to empirically examine export start-up effectiveness issues for a set of small firms. Results indicate that sales measures, such as export intensity (export sales as a percent of total sales), were the most frequently used effectiveness criteria for the first year of exporting. This finding is important because in the literature export intensity has been criticised as an export effectiveness measure.

Franchising and Information Technology

2011 ◽  
pp. 118-139
Author(s):  
Ye-Sho Cehn ◽  
Robert Justis ◽  
P. Pete Chong
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Business Administration ◽  
Medium Size ◽  
Local Distribution ◽  
Small Business Development ◽  
Business Opportunity ◽  
The Individual ◽  
The Right ◽  
The U.S

According to Justis and Judd (1998), franchising is defined as “a business opportunity by which the owner (producer or distributor) of a service or a trademarked product grants exclusive rights to an individual for the local distribution and/or sale of the service or product, and in return receives a payment or royalty and conformance to quality standards. The individual or business granting the business rights is called the franchisor, and the individual or business granted the right to operate in accordance with the chosen method to produce or sell the product or service is called the franchisee.” Although the business of the franchisor is usually larger than the “satellite small businesses” of the franchisees, most franchisors manage mostly small and medium-size enterprises (Stanworth, Price, and Purdy, 2001). The U.S. Small Business Administration (SBA) recognizes this fact and sponsors various seminars in franchising, for example, business plan and raising capital, through regional Small Business Development Centers (Thomas and Seid, 2000). In addition, SBA sets up programs specifically designed for franchises (for example, Franchise Registry Web site: www.franchiseregistry.com) to streamline the review process for SBA loan applications (Sherman, 1999) and provide special incentives for franchisees to open locations in economically depressed areas (Thomas and Seid, 2000).

Prediction model of business success or failure for Palestinian small enterprises in the West Bank

2018 ◽  
Vol 10 (1) ◽  
pp. 60-80 ◽  
Author(s):  
Samir D. Baidoun ◽  
Robert N. Lussier ◽  
Maisa Burbar ◽  
Sawsan Awashra
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
West Bank ◽  
High Rate ◽  
Business Failure ◽  
Business Success ◽  
The West ◽  
Content Type ◽  
Random Guessing

Purpose The aim of this study is to examine the factors that lead to success or failure of a small business in the West Bank of Palestine. Design/methodology/approach This study methodology is a survey research, testing the Lussier model of business success and failure with a sample of 246 small businesses (90 failed and 156 successful) to better understand the reasons of their success or failure using logistic regression statistical analysis. Findings The model is significant (p = 0.000); it will predict a group of businesses as successful or failed more accurately than random guessing 99 per cent of the time. The model will also predict a specific small firm as successful or failed 94 per cent of the time vs. 50 per cent for random guessing. The r-square is very high (r = 0.70), indicating that the model variables are, in fact, significant predictors of success or failure. Results indicate that having adequate capital, keeping good records with financial controls, making plans and getting professional advice on how to manage the firm are the most important factors for the viability and success of small businesses. Practical implications With the high rate of small business failure globally, results of this study provide a list of variables that contribute to the success of small firms. Firms that focus on these important factors will increase their odds of success. Thus, avoiding failure, firms better utilize resources that contribute to economic growth. Originality/value This is the first study that looks at success and failure of small businesses in Palestine. There is no one single accepted theory that may be applied to small businesses. This paper aims to further contribute to the global validity of Lussier success and failure model moving toward a theory to better understand why some businesses succeed and others fail.

The Human Resource Factor in Small Business Decision Making

1985 ◽  
Vol 10 (2) ◽  
pp. 53-62 ◽  
Author(s):  
Joseph R. Rocha ◽  
M. Riaz Khan
Keyword(s):  
Decision Making ◽  
Resource Management ◽  
Small Business ◽  
Human Resource Management ◽  
Human Resource ◽  
Small Firms ◽  
Counseling Program ◽  
Business Decision ◽  
Functional Areas ◽  
Resource Factor

Activities of a group of small firms were studied over a six-year period to determine the manner In which their performance reflected the results of a counseling program. The effects of counseling In a number of functional areas were explored. Findings of the Investigation suggest that while adequate attention to marketing, financial, and technological matters Is essential, firms that Ignore the requirements of sound human resource management may fall to remain competitive.

scholarly journals Effects of public procurement of R&D on the innovation process: evidence from the UK small business research initiative

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kostas Selviaridis
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Small Firms ◽  
Market Failure ◽  
Public Procurement ◽  
Innovation Process ◽  
Business Research ◽  
Content Type ◽  
Research Initiative ◽  
The Uk

Purpose The study aims to investigate how pre-commercial procurement (PCP) influences the activities, capabilities and behaviours of actors participating in the innovation process. Unlike much of PCP research underpinned by a market failure theoretical framework that evaluates the additionality of innovation inputs and outputs, this paper focusses on the role and capacity of PCP in addressing systemic failures impeding the process of innovation. Design/methodology/approach PCP effects on the innovation process were studied through a qualitative study of the UK small business research initiative (SBRI) programme. Data collection comprised 33 semi-structured interviews with key informants within 30 organisations and analysis of 80-plus secondary data sources. Interviewees included executives of technology-based small businesses, managers within public buying organisations and innovation policymakers and experts. Findings The UK SBRI improves connectivity and instigates research and development (R&D) related interactions and cooperation. Through securing government R&D contracts, small firms access relevant innovation ecosystems, build up their knowledge and capabilities and explore possible routes to market. Public organisations use the SBRI to connect to innovative small firms and access their sets of expertise and novel ideas. They also learn to appreciate the strategic role of procurement. Nonetheless, SBRI-funded small business face commercialisation and innovation adoption challenges because of institutional constraints pertaining to rules, regulations and public-sector norms of conduct. Research limitations/implications The study contributes to existing PCP research by demonstrating innovation process-related effects of PCP policies. It also complements literature on small business-friendly public procurement measures by highlighting the ways through which PCP, rather than commercial procurement procedures, can support the development of small businesses other than just facilitating their access to government (R&D) contracts. Social implications The study identifies several challenge areas that policymakers should address to improve the implementation of the UK SBRI programme. Originality/value The study demonstrates the effects of PCP on the activities, capabilities and behaviours of small businesses and public buying organisations involved in the innovation process.

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