scholarly journals An empirical study of optimal access to external finance by small and medium enterprise start-ups

2019 ◽  
Vol 17 (3) ◽  
pp. 242-258 ◽  
Author(s):  
Herman Bamata ◽  
Krishna K. Govender ◽  
Ziska Fields
Keyword(s):  
South Africa ◽  
Empirical Study ◽  
Statistical Analyses ◽  
Management Skills ◽  
External Finance ◽  
Small And Medium Enterprise ◽  
Start Up ◽  
Medium Enterprise ◽  
Start Ups

The aim of this study is to empirically examine the relationships between the determinants of start-up SME success, namely start-up awareness and management skills, and the finance suppliers. This study has proposed a framework that improves the ability of start-up SMEs to access external finance. Through descriptive and inferential statistical analyses of data from a survey of a sample of SMEs in South Africa, it was ascertained that the framework which maps the entrepreneur’s start-up awareness and requisite management skills with the finance providers’ requirements will make up a tool to assist start-up SMEs in developing optimal financing options to grow their businesses.

Start-up Awareness and Access toFinance: The Case of South African SMEs

2019 ◽  
Vol 118 (10) ◽  
pp. 391-400
Author(s):  
N H Bamata ◽  
K K Govender
Keyword(s):  
South Africa ◽  
South African ◽  
Business Strategy ◽  
Study Finding ◽  
Capital City ◽  
Access To Finance ◽  
External Finance ◽  
Main Challenge ◽  
Start Up ◽  
Start Ups

Start-up entrepreneurs in South Africa do not move from the stage of existence and survival to growth to maturity/ In order for Start-up businesses to have a competitive advantage, they have to grow beyond the survival stage and keep on growing. Despite the availability of external finance, access to finance from banks has been identified as the main challenge to the establishment and growth of SME Start-ups in South Africa. The aim of this study is toinvestigate the determinants of start-up awareness to improve access to finance from banks by Start-up entrepreneurs in Pietermaritzburg, the capital city of KwaZulu-Natal province in South Africa. Data was collected through self-administrated questionnaires from a random sample of 253 respondents being members of the Chamber of Commerce in the capital city of one of the largest provinces in South Africa.The results from inferential statistical analysis revealed that start-up awareness factors such as conducting a feasibility study, finding a good location, knowing the amount of seed capital needed, developing a business strategy, a business plan, and business model as well as the source of seed capital, are significant determinants of access to bank financing by start-up entrepreneurs.Thus, entrepreneurs should understand the determinants of Start-up awareness in order to improve their ability to access bank finance.

Human Resource Blueprints in Irish High-Tech Start-up Firms

2006 ◽  
Vol 20 (2) ◽  
pp. 111-121
Author(s):  
Mary A. Keating ◽  
Mariabrisa Olivares
Keyword(s):  
Empirical Study ◽  
Human Resources ◽  
Human Resource ◽  
Human Resources Management ◽  
High Tech ◽  
Entrepreneurial Firms ◽  
Resources Management ◽  
Start Up ◽  
Research Findings ◽  
Start Ups

Focusing on Irish high-tech start-ups, this paper reports on the results of an empirical study of organization building by entrepreneurial firms, specifically in relation to human resource practices. The research findings are benchmarked with findings from SPEC, the Stanford Project of Emerging Companies (Baron and Hannan, 2002). Human resources management and entrepreneurial research have rarely been combined in the literature and there is no distinct body of work in the area of human resource management in entrepreneurial firms.

scholarly journals A Case Study Analysis of Management Innovations in a Small and Medium Enterprise in South Africa

2021 ◽  
Vol 18 (1) ◽  
pp. 93-120
Author(s):  
M UNGERER ◽  
◽  
D BUYS ◽  
Keyword(s):  
South Africa ◽  
Key Management ◽  
Management Innovation ◽  
Exploratory Research ◽  
Stakeholder Relationships ◽  
Sustainable Performance ◽  
Small And Medium Enterprise ◽  
Medium Enterprise ◽  
Knowledge Intensive

This research aimed to explore the influence of implemented innovative managerial practices, processes, techniques and structures on the sustainable performance of a Small and Medium Enterprise (SME) in South Africa. An exploratory research method was utilised to gain insights into management innovation practices in a knowledge-intensive company as the case study organisation. Findings from this exploratory study indicated that the combination of key management innovation aspects such as leveraging collective knowledge of employees, valuing stakeholder relationships and participative decision-making processes contribute to organisational performance. The organisational community pursues a common purpose and stimulates constructive debate in and between self-managing teams, ultimately leading to an environment that supports innovation and the sustainable positive performance of the case study SME, inter alia based on the yearly growth of the net asset value (NAV) for the past ten years.

scholarly journals The study of the correspondence of marketing instruments to the stages of the start-up life cycle

2018 ◽  
Vol 239 ◽  
pp. 07004
Author(s):  
Svetlana Nikiforova
Keyword(s):  
Life Cycle ◽  
Empirical Study ◽  
Market Research ◽  
Empirical Studies ◽  
Digital Tools ◽  
Expert Interviews ◽  
Russian Market ◽  
The Sustainable Development ◽  
Start Up ◽  
Start Ups

The article is devoted to the results of an empirical study of the correspondence of market research methods and promotion tools to the stages of the life cycle of start-ups on the Russian market. The authors’ model of the life cycle of the start-up, consisting of eight stages, is grounded. The authors present the results of an empirical study, consisting of expert interviews and a quantitative survey. A model for the correspondence of marketing instruments to the stages of the life cycle of a start-up is compiled. It is proved that in the process of development of a start-up, the number of marketing instruments used (especially digital tools) should increase at every stage of its life cycle. Based on the results of a desk and empirical studies, a system of criteria and a tool for assessing the sustainable development of a startup at various stages of its life cycle are proposed.

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