Small Business Cash Management Practices

1979 ◽  
Vol 4 (2) ◽  
pp. 1-8 ◽  
Author(s):  
Philip L. Cooley ◽  
Richard J. Pullen
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Management Practices ◽  
Cash Flows ◽  
Fortune 500 ◽  
Management Program ◽  
Business Practices ◽  
Cash Management ◽  
Large Firms ◽  
Small Companies

Cash forecasting, investing, and controlling are three basic elements of a cash management program. Surveys of Fortune 500 firms reveal large firms having considerable sophistication in dealing with these cash management activities. Small-business practices probably differ from those of large firms due to time contraints, financial limitations, or lack of awareness. The following article reports on the cash management practices of 122 small businesses engaged in petroleum marketing. Although some deficiencies in cash forecasting and investing are noted, the small companies appear quite sophisticated in controlling their cash flows.

Economic Identities

2019 ◽  
pp. 21-45
Author(s):  
Courtney Lewis
Keyword(s):  
Small Business ◽  
American Indians ◽  
Family Business ◽  
Small Businesses ◽  
Business Practices ◽  
Business Ownership ◽  
Local Movement

Sorting out the diversity of small businesses and small- business practices begins with two seemingly simple but central questions: Who owns these businesses, and what markets do they serve? To delve into these questions, this chapter begins by examining the contextual distinctiveness of American Indians’ economic identities and their related experiences, especially in the context of capitalism. Addressing these constructions helps refine our theoretical understandings of what has been termed Indigenous entrepreneurship by following how the external shaping of Indigenous economic identity has hindered its representation as well as its expression. Family business ownership is highlighted here, followed by an examination of issues for tourism businesses, including buffering for privacy as well as complications of the “Buy Local” movement for tourism-based businesses.

scholarly journals Features of the Integration of Small Entrepreneurship into the National Economical Structure in the Current Context

2019 ◽  
Vol 29 (3) ◽  
pp. 444-452
Author(s):  
Igor Korodyuk ◽  
Mikhail Solodkov ◽  
Alina Borisova
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Global Economy ◽  
Small Enterprises ◽  
Positive Trend ◽  
Small Companies ◽  
Economic Activities ◽  
Business System ◽  
Current Context ◽  
Business Entities

The article considers the role of small business in terms of the present-day global economy and analyses the problems of identifying an optimal correlation between small and large businesses in the open-type economic systems. The authors describe the features of small enterprises in performing economic activities and substantiate the necessity and expediency of cooperation between large and small companies in the field of technological innovations. Foreign experience has proved the effectiveness and perspectiveness of incorporating of small businesses in the activities of large companies, one of the components of country's successful economic development as a whole. However, despite the emerging positive trend, this area is still not given due attention in Russia. The authors investigate the historical features of the Russian small business system that have left a mark on its interrelations with large business entities and bring up an issue of the necessity of mastering the state support of the small business sector in our country and pay a sufficiently more attention to the issues of cooperation and mutual support of small and large businesses.

Small Business Promotion Factors

2018 ◽  
Vol 11 (3) ◽  
pp. 64-70
Author(s):  
N. I. Morozko
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Swot Analysis ◽  
Full Range ◽  
Small Companies ◽  
Factors Affecting ◽  
Economic Problems ◽  
Promotion Policies ◽  
The Subject ◽  
Business Entities

The paper examines approaches to boosting small businesses by solving financial and economic problems of business functioning. The subject of the research is the factors that stimulate business development in tough economic circumstances. The purpose of the research was to identify the factors affecting the development of small businesses and ways of boosting their activities. To this end, a SWOT-analysis matrix for a small organization has been developed. The factors hampering the development of small businesses are revealed including reduced investment, lack of cooperation between large and small companies, significant tax burden on small companies, difficulties in obtaining loans and other sources of financing, insufficient financial support from the state, inefficient microfinance system, scarce introduction of standard leasing schemes into small businesses. As a result of the research, small business promotion policies have been suggested to spur the activities of small business entities. It is concluded that at present the tools available for boosing the small business activities are not used in the full range.

scholarly journals E-Business Strategy in Developing Countries: A Framework and Checklist for the Small Business Sector

2021 ◽  
Vol 13 (13) ◽  
pp. 7356
Author(s):  
Martin Wynn ◽  
Olakunle Olayinka
Keyword(s):  
Developing Countries ◽  
Small Business ◽  
Small Businesses ◽  
Business Strategy ◽  
Case Study Research ◽  
Strategy Development ◽  
Business Sector ◽  
Small Companies ◽  
Business Systems ◽  
Online Trading

Since the turn of the century, there has been a growth in the use of e-business by both large and small companies worldwide, a trend that has been given further impetus by the move to online trading in the COVID-19 pandemic era. For small companies, there are the potential benefits of increased efficiencies and market share gain, associated with the re-engineering of selling and marketing processes; but in developing countries, such as Nigeria, research into how small businesses are using e-business systems and technologies is limited. This article builds upon earlier case study research in the Nigerian small business sector to develop a framework for e-business strategy development, implementation and review. Using an inductive approach, data was collected from six small businesses, using interviews and questionnaires, to profile the e-business operations of these companies. This study found that e-business strategy was generally lacking in these companies, but interview material was used to support the development and validation of the strategy framework, which provides a process and a checklist for small businesses pursuing e-business initiatives in developing world environments.

scholarly journals The Perceptions of Small Businesses in the Implementation of Cash Management Techniques

2014 ◽  
Vol 6 (1) ◽  
pp. 75-83
Author(s):  
Avika Mungal
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Small Business Owners ◽  
Cash Management ◽  
Cross Sectional ◽  
Management Techniques ◽  
Quantitative Descriptive ◽  
Cash Inflow ◽  
The Impact

The purpose of this paper is to ascertain the perceptions of small business owners on the implementation of cash management techniques in their businesses. This paper also highlights the importance of managing cash inflow and outflow in the business and examines the impact on business profitability and sustainability. The study focused on small businesses in the Tongaat area, South Africa. This research was quantitative, descriptive and cross-sectional in nature. The instrument used to extract the relevant data from respondents was a Likert type questionnaire. The findings of this research identified the perceptions of small business cash management techniques. A short course on cash management could be offered by the Durban University of Technology to small business owners and managers to enhance their basic cash management knowledge in the implementation of cash management techniques.

Social Commerce Benefits for Small Businesses

2019 ◽  
pp. 1237-1255 ◽  
Author(s):  
Ludwig Christian Schaupp ◽  
France Bélanger
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Future Research ◽  
Business Success ◽  
Small Business Owners ◽  
Social Commerce ◽  
Small Companies ◽  
Stakeholder Pressure ◽  
Use Of Social Media

Small businesses represent an important element of many western economies. However, they often struggle with resources needed to succeed, and small business owners often have to perform many, if not all, roles in their organizations. One of the key functions that small businesses need to excel at for business success today is social commerce since much of their business is migrating towards the use of social media for business. In this study, determinants of social commerce benefits for small businesses are explored. Using survey data from 60 small companies, this research identifies stakeholder pressure and partner pressure as the most significant factors in determining social commerce benefits for small business. Implications of these findings and provide suggestions for future research are discussed.

Challenges for Innovation Due to Firm Size

2016 ◽  
pp. 355-375 ◽  
Author(s):  
Graziela Ferrero Zucoloto ◽  
Mauro Oddo Nogueira
Keyword(s):  
Small Businesses ◽  
Small Firms ◽  
New Products ◽  
High Tech ◽  
Large Firms ◽  
Small Companies ◽  
Barriers And Opportunities ◽  
The Empirical Analysis ◽  
Innovative Capacity

This chapter analyses the innovative capacity of small firms compared to medium and large firms in Brazilian industry. It presents the Schumpterian debate regarding the role of small and large firms as inductors of innovation, including a brief discussion about the barriers and opportunities for innovation faced by small businesses, particularly in developing countries. The empirical analysis is based on the Brazilian Innovation Survey, which is used to compare the innovative efforts undertaken by small, medium and large enterprises. Its main findings are that in Brazil, large companies predominate in the creation of new products and processes, while smaller perform more effort than those in innovations associated with processes modernization. However, from the observation of the industry sectorial structure, it identifies that in high-tech sectors, Brazilian small companies outperform large in efforts in R&D.

Social Commerce Benefits for Small Businesses

2016 ◽  
Vol 28 (3) ◽  
pp. 49-66 ◽  
Author(s):  
Ludwig Christian Schaupp ◽  
France Bélanger
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Future Research ◽  
Business Success ◽  
Small Business Owners ◽  
Social Commerce ◽  
Small Companies ◽  
Stakeholder Pressure ◽  
Use Of Social Media

Small businesses represent an important element of many western economies. However, they often struggle with resources needed to succeed, and small business owners often have to perform many, if not all, roles in their organizations. One of the key functions that small businesses need to excel at for business success today is social commerce since much of their business is migrating towards the use of social media for business. In this study, determinants of social commerce benefits for small businesses are explored. Using survey data from 60 small companies, this research identifies stakeholder pressure and partner pressure as the most significant factors in determining social commerce benefits for small business. Implications of these findings and provide suggestions for future research are discussed.

scholarly journals Small Business and Social Irresponsibility in Developing Countries: Working Conditions and “Evasion” Institutional Work

2016 ◽  
Vol 57 (7) ◽  
pp. 1301-1336 ◽  
Author(s):  
Vivek Soundararajan ◽  
Laura J. Spence ◽  
Chris Rees
Keyword(s):  
Developing Countries ◽  
Small Business ◽  
Working Conditions ◽  
Small Businesses ◽  
Value Systems ◽  
Global Supply Chains ◽  
Business Practices ◽  
Institutional Work ◽  
Perspective Drawing ◽  
Labor Welfare

Small businesses in developing countries, as part of global supply chains, are sometimes assumed to respond in a straightforward manner to institutional demands for improved working conditions. This article problematizes this perspective. Drawing upon extensive qualitative data from Tirupur’s knitwear export industry in India, we highlight owner-managers’ agency in avoiding or circumventing these demands. The small businesses here actively engage in irresponsible business practices and “evasion” institutional work to disrupt institutional demands in three ways: undermining assumptions and values, dissociating consequences, and accumulating autonomy and political strength. This “evasion” work is supported by three conditions: void (in labor welfare mechanisms), distance (from institutional monitors), and contradictions (between value systems). Through detailed empirical findings, the article contributes to research on both small business social responsibility and institutional work.

Changing the Environmental Behaviour of Small Business Owners: The Business Case

2014 ◽  
Vol 30 (2) ◽  
pp. 254-268 ◽  
Author(s):  
Beth Walker ◽  
Janice Redmond
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Intervention Program ◽  
Management Practices ◽  
Environmental Issues ◽  
Business Case ◽  
Business Owners ◽  
Small Business Owners ◽  
Post Intervention ◽  
The Impact

AbstractThe importance of the environment is something of a cracked record to many small business owners, as historically any calls to business to change or improve their practices or behaviours were from the ‘environmental’ or ‘green’ perspective, rather than from a business perspective. As a consequence, many small businesses have simply tuned out. This research sought to identify the impact of an education intervention program that encouraged better environmental management practices and provided practical assistance to the businesses. The research was designed to test the effectiveness of the program and record any changes that occurred in the businesses over the duration of the project. To measure changes, it included a pre- and post-intervention survey. Overall, there was an increased awareness in most of the businesses in regard to environmental issues. Participants from many of the businesses also expressed positive changes to both behaviours and attitudes to environmental issues. This demonstrated the value of the program, and also highlighted the challenge to engage small business, even when a business case is apparent, given the cost of implementing this type of intensive and personalised assistance.

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