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.

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.

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.

THE STATE OF SMALL BUSINESS ENTREPRENEURS AND THE DYNAMICS OF THEIR DEVELOPMENT

2019 ◽  
Author(s):  
Shafranova ◽  
Gavrilenko
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Social Protection ◽  
Economic Conditions ◽  
State Support ◽  
Small Business Development ◽  
Institutional Sector ◽  
Research Findings ◽  
Endogenous Potential ◽  
Favorable Conditions

The purpose of the study is to analyze the current state of activity of small businesses based on the study of their dynamics of development and functioning. Research results. Summarizing the research findings, it can be stated that in the Small Business, as an institutional sector of the economy, has long been dominant in the number and volume of production in the leading countries of the world. Formation of small business in Ukraine occurred under difficult economic conditions, which was caused by the fall in production, intense inflationary processes, and the destruction of the national economic complex and the deterioration of the material position of the majority of the population. Today, the dynamic development of small business is an important way of mobilizing the endogenous potential of the regions, as a means of solving many social problems. Given the socio-economic conditions of the domestic economy, it is appropriate to emphasize that the creation of favorable conditions for the development of small business in the regions depends to a large extent on the complex of relevant actions and activities of local executive authorities and local self-government bodies, which, in turn, should be implemented in regional policy. Today, there is a need for full-scale state support for small businesses: open access to information, free consultations, assistance with paperwork, and more. It is necessary to implement a policy that will activate entrepreneurship, will provide every beginning entrepreneur with the opportunity to contact a specialized information or consulting center to find out all the issues. Therefore, by analyzing the main trends of small business development, we can identify the most priority areas for stimulating and activating entrepreneurial potential in Ukraine, such as: ensuring a stable tax system; stimulating investment and innovation in the economic sector; reduction of excessive fines and sanctions; export promotion; expanding opportunities for duty-free supplies of domestic goods abroad, including to the EU; development of state support for entrepreneurship, creation of a strong legislative base; increase of social protection of business; introduction of new opportunities for small business lending and financing, etc. Conclusions. Therefore, the socio-economic development of Ukraine depends on the effective functioning of small business and creation of optimal conditions for its development, and therefore sufficient support for this particular sector of the national economy should become a priority of the public sector, which will ensure the transition of the economy to a qualitatively new level.

Management of small business development in the region

2020 ◽  
Vol 16 (3) ◽  
pp. 496-518
Author(s):  
L.I. Pronyaeva ◽  
O.A. Fedotenkova
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Development ◽  
State Regulation ◽  
Small Business Development ◽  
Economic Relations ◽  
State Management ◽  
Business Operations ◽  
Expert Estimate ◽  
Foreign Countries

Subject. This article discusses the economic relations and institutional and managerial processes in the sphere of State regulation of small business development at the regional level. Objectives. The article aims to develop recommendations on improvement of the management system and strengthening of State influence in the sphere of small business development in the region. Methods. For the study, we used the economic and statistical methods, graphic and expert estimate techniques, and the literature review approach. Results. The article summarizes the experience of small business operations in foreign countries and assesses the developments of Russian economists dealing with small businesses and regional development. It defines the factors constraining the development of small business in the region and shows the main areas of its support by the State. To conduct a comprehensive assessment of small business development in the region, the article offers an original scorecard. Conclusions. Implementing the proposed recommendations will help assess the condition of small business and apply appropriate tools in the system of State management of small business development in regions.

scholarly journals The Assessment of Dimension Absorptive Capacity on Innovation Performance and Small Business Performance

2016 ◽  
Vol 15 (2) ◽  
pp. 127-140
Author(s):  
Gunarso Wiwoho
Keyword(s):  
Small Business ◽  
Absorptive Capacity ◽  
Small Businesses ◽  
Business Performance ◽  
Positive Influence ◽  
Innovation Performance ◽  
Capacity Dimension ◽  
Spss Software ◽  
Small Business Performance

This study aims to examine the role of the absorptive capacity dimension in improving innovation performance and small business performance. The sample used as many as 35 businesses in the business sector of handy crafts. The collected data were analyzed using path analysis and processed with SPSS software version 24.0. The results showed that all hypotheses were accepted. The absorptive capacity dimension consists of potential absorptive capacity and absorptive capacity, both of which are able to have a positive influence on the performance of innovation and the performance of small businesses. But realized absorptive capacity can have a greater influence on innovation and small business performance than potential absorptive capacity.

scholarly journals Capital accessibility, gender, and ethnicity: The case of minority women-owned firms

2006 ◽  
Vol 9 (1) ◽  
pp. 43-50 ◽  
Author(s):  
Leyland M. Lucas
Keyword(s):  
Small Business ◽  
Economic Activity ◽  
Small Businesses ◽  
Minority Women ◽  
Support Programs ◽  
Business Activity ◽  
Governmental Support ◽  
The Creation ◽  
Rate Of Success

Minority women continue to make significant gains in economic activity, particularly as entrepreneurs through the creation of small businesses. Despite this increased role in small business activity and an admirable rate of success, minority women-owned businesses continue to experience problems in acquiring capital. This difficulty, which some have attributed to discriminatory practices, forces a large number of these businesses to rely on governmental support programs for assistance in meeting their capital needs. Building on the idea that things are not as simple as commonly presented, a case is made that access to capital for women-owned businesses is affected by a number of other factors tied to the inability to join important networks.

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).

Depreciation rules and small business longevity

2014 ◽  
Vol 3 (1) ◽  
pp. 10-32 ◽  
Author(s):  
Don Bruce ◽  
John Deskins ◽  
Tami Gurley-Calvez
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Recovery Period ◽  
Business Activity ◽  
Initial Attempt ◽  
Marginal Tax Rate ◽  
Policy Makers ◽  
Content Type ◽  
Tax Rate ◽  
The Usa

Purpose – When a small business purchases a capital asset, its cost for tax purposes is spread over the useful life of the asset through the process of depreciation. It has become common in the USA for policy makers to enhance depreciation rules in an effort to increase business investment in a less-costly manner than across-the-board marginal tax rate cuts. Indeed, short-term depreciation policies are often billed by policy makers as a way to save America's small businesses. However, little is known about the actual effects of depreciation policies on small business activity. This paper aims to discuss these issues. Design/methodology/approach – In this initial attempt to test the political claims regarding the importance of depreciation rules, the paper uses a 12-year panel of tax returns for Schedule C sole proprietors to empirically examine whether more generous depreciation policies influence small business activity at the extensive margin. Specifically, the paper estimates a series of multivariate models to explain sole proprietors’ decisions to remain in business as functions of their financial, demographic, and tax situations, including measures of the present discounted value (PDV) of a stream of tax deductions for depreciated capital under various rule structures. Findings – Throughout the analysis, the authors are unable to find evidence that favorable depreciation rules lead to greater rates of entrepreneurial longevity among Schedule C sole proprietors. Originality/value – Discrete choice results suggest that increases in the PDV of tax reductions from depreciation (e.g. depreciating the value earlier in the recovery period) might actually lead to higher probabilities of small business exit, while survival analysis finds no clear influence of depreciation on spells of small business activity.

scholarly journals Entrepreneurial Education in a Tertiary Context: A Perspective of the University of South Africa

2016 ◽  
Vol 17 (4) ◽  
Author(s):  
Anthea Patricia Amadi-Echendu ◽  
Magaret Phillips ◽  
Kudakwashe Chodokufa ◽  
Thea Visser
Keyword(s):  
South Africa ◽  
Small Business ◽  
Early Stage ◽  
Entrepreneurial Activity ◽  
Business Failure ◽  
Traditional Teaching ◽  
Entrepreneurial Education ◽  
Small Business Development ◽  
Small Business Failure ◽  
The University

<p class="2">South Africa is characterised by high unemployment levels, a low Total Early Stage Entrepreneurial Activity rate, and a high small business failure rate. Entrepreneurship and small business development is seen as a solution to end unemployment in South Africa. A study to understand how to improve small business support was conducted at the University of South Africa and has shown that alumni are unable to apply theoretical knowledge acquired from their studies. The purpose of this article is to explore the potential of the University of South Africa in becoming more entrepreneurial to address the aforementioned challenges. A desk study that reviewed literature was conducted to identify different constructs associated with an entrepreneurial university, namely entrepreneurial education, research and development, innovation, commercialisation and incubation, and stakeholders. In addition to traditional teaching methods, various alternative approaches can be used to stimulate entrepreneurial education to develop the skills of learners/students. To address these challenges a closer relationship between academia, government, and industry is paramount.  It is recommended that universities incorporate entrepreneurial education in all their qualifications, expose students to on-the-job training, assist with the incubation of business ideas that students have, and provide a platform for cross-pollination of knowledge between industry, academia, and government.</p>

scholarly journals Small business environment and development problems in the Russian Federation

2021 ◽  
Vol 244 ◽  
pp. 10043
Author(s):  
Nina Kuznetsova ◽  
Antonina Ilyina ◽  
Maxim Mironov ◽  
Antonina Korolkova ◽  
Tatiana Marinchenko
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
Business Environment ◽  
Small Business Development ◽  
The Russian Federation ◽  
Environment And Development ◽  
State Programs

The article presents an analysis of the small business environment and development in Russia, discusses state programs for the development of small and medium-sized businesses, a system of measures to support small businesses in the agricultural sector of the economy, and the role of franchising as one of the areas of small business development. The main problems of the development of small agribusiness, the introduction of innovations and the digital transformation of agricultural production in small export-oriented entrepreneurship are identified. The measures to improve the efficiency of small businesses, including these during the COVID-19 pandemic, are described.

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