Startup Success Trends in Small Business Beyond Five-Years

2018 ◽  
Vol 3 (1) ◽  
pp. 1-16 ◽  
Author(s):  
Alvin Perry ◽  
Emad Rahim ◽  
Bill Davis
Keyword(s):  
Small Business ◽  
Success Factors ◽  
Early Growth ◽  
Business Development ◽  
Growth Stages ◽  
Small Business Owners ◽  
Doing Business ◽  
Start Up ◽  
Business Failures ◽  
New Business

While entrepreneurs help to drive venture growth through business development in their respective cities, approximately 50% of new business ventures fail within the first 5 years of operation. Boss concluded that over 60% of entrepreneurs and small business owners fail within the first 6 years of doing business. This article examines some of the main factors that support early growth stage entrepreneurial sustainability for small business startups. In this article, entrepreneurship success factors, failure rates and sustainability are examined through qualitative research, expanding on factors identified in previous studies and applying them to different geographical areas. The results of this study can help reduce the number of small business failures by providing actionable knowledge to entrepreneurs in the start-up and early growth stages of business development.

Startup Success Trends in Small Business Beyond Five-Years

2020 ◽  
pp. 1533-1546
Author(s):  
Alvin Perry ◽  
Emad Rahim ◽  
Bill Davis
Keyword(s):  
Small Business ◽  
Success Factors ◽  
Early Growth ◽  
Business Development ◽  
Growth Stages ◽  
Small Business Owners ◽  
Doing Business ◽  
Start Up ◽  
Business Failures ◽  
New Business

While entrepreneurs help to drive venture growth through business development in their respective cities, approximately 50% of new business ventures fail within the first 5 years of operation. Boss concluded that over 60% of entrepreneurs and small business owners fail within the first 6 years of doing business. This article examines some of the main factors that support early growth stage entrepreneurial sustainability for small business startups. In this article, entrepreneurship success factors, failure rates and sustainability are examined through qualitative research, expanding on factors identified in previous studies and applying them to different geographical areas. The results of this study can help reduce the number of small business failures by providing actionable knowledge to entrepreneurs in the start-up and early growth stages of business development.

scholarly journals Small business and social stability of society

2021 ◽  
Author(s):  
Nino Maqatsaria
Keyword(s):  
Small Business ◽  
Business Development ◽  
Bank Loans ◽  
Social Stability ◽  
Special Role ◽  
Business Policy ◽  
Small Business Development ◽  
Start Up ◽  
New Business ◽  
Market Infrastructure

In any country in the world, the importance of small business development is great in establishing a stable economic and political environment. Small business is recognized as a guarantor of employment, revenues growth and social stability. In the development of small business, the state's particular interest lies in it's socioeconomic role. Solving problems in a small business is the same as sustained economic development. Development of small business has a special role in the regions of Georgia. Today an important issues are resolved for the development of entrepreneurship. "Rules of the game" of small business are relatively acceptable and stable. An administrative barriers ar fewer. Nevertheless there are still a number of problems in a small business development today. Many institutions of market infrastructure are not fully accessible to small entrepreneurs yet. Anty-monopoly activities are not enough. We don't have different approaches in small business policy by region specifics. The main problem of small entrepreneur is finances , expensive bank loans, which significantly interrupts start-up and development of new business.

Perceived Causes of Small Business Failures: A Research Note

1983 ◽  
Vol 8 (1) ◽  
pp. 15-19 ◽  
Author(s):  
Robert A. Peterson ◽  
George Kozmetsky ◽  
Nancy M. Ridgway
Keyword(s):  
Small Business ◽  
Management Education ◽  
Nationwide Survey ◽  
Business Owners ◽  
Research Note ◽  
Business Failure ◽  
Small Business Owners ◽  
Business Systems ◽  
Business Failures ◽  
Small Business Failure

A nationwide survey of approximately 1,000 small business owners and managers was conducted to investigate the perceived causes of small business failure. In addition, survey participants were asked for suggestions for reducing the number of small business failures. The major cause of small business failures—according to the individuals surveyed—is a lack of management expertise. Consequently, the survey participants’ primary suggestion for decreasing small business failures was to improve management education. 1 1 This research was supported in part by a grant from Safeguard Business Systems, Inc.

Experiential Internships: Understanding the Process of Student Learning in Small Business Internships

2012 ◽  
Vol 26 (5) ◽  
pp. 357-367 ◽  
Author(s):  
Mary E. Varghese ◽  
Loran Carleton Parker ◽  
Omolola Adedokun ◽  
Monica Shively ◽  
Wilella Burgess ◽  
...  
Keyword(s):  
Small Business ◽  
Student Learning ◽  
Cognitive Apprenticeship ◽  
Business Owners ◽  
Traditional Classroom ◽  
Small Business Owners ◽  
Highly Qualified ◽  
Entrepreneurial Skills ◽  
Start Up ◽  
Apprenticeship Model

This qualitative study examines the process of student learning in a small-business experiential internship programme that pairs highly qualified undergraduates with local small or start-up companies. The Cognitive Apprenticeship model developed by Collins et al (1991) was used to conceptualize students' reported experiences. The results revealed that the internship structure allowed students to acquire knowledge successfully from experts in the field, situate their learning in the environment of practice, and learn valuable professional and entrepreneurial skills not found in traditional classroom settings. Students reported an increase in self-efficacy and indicated that their interests in working in a small business were solidified or further enhanced. It is argued that these findings have important implications for researchers, small business owners and entrepreneurial and small business support initiatives in higher education.

scholarly journals PERSPECTIVE DIRECTIONS OF DEVELOPMENT SMALL AND MEDIUM BUSINESSES IN THE REPUBLIC OF KAZAKHSTAN

2020 ◽  
pp. 17-25
Author(s):  
А.А. Кайгородцев ◽  
И.В. Бордияну ◽  
Э.С. Мадиярова ◽  
A. Kaigorodtsev ◽  
I. Bordiyanu ◽  
...  
Keyword(s):  
Small Business ◽  
The State ◽  
Business Community ◽  
Business Climate ◽  
Financial Measures ◽  
Doing Business ◽  
Current State ◽  
New Business ◽  
The Republic ◽  
Medium Businesses

В статье рассматриваются состояние и перспективные направления развития малого и среднего бизнеса в Республике Казахстан. Определены предпосылки развития в Казахстане малого и среднего предпринимательства. Проведен анализ динамики основных показателей малого и среднего бизнеса. Выявлена нерациональность отраслевой структуры малого и среднего предпринимательства. В результате системной работы руководства страны по улучшению бизнес-климата и развитию предпринимательства произошло улучшение позиций Казахстана в рейтинге DoingBusiness. Проведен анализ Программы «Дорожная карта бизнеса 2020», реализуемой в Казахстане в целях оказания содействия развитию предпринимательства. Данная Программа предусматривает оказание государственной поддержки хозяйствующим субъектам малого и среднего бизнеса по следующим направлениям: поддержка новых бизнес-инициатив; отраслевая поддержка предпринимателей; снижение валютных рисков; нефинансовые меры. К недостаткам самой Программы «Дорожная карта бизнеса 2020» и практики ее реализации можно отнести ограниченность контингента обучаемых предпринимателей и низкий уровень поддержки потребителями отечественных производителей. В результате анализа текущего состояния малого и среднего предпринимательства были определены следующие перспективные направления его развития: повышение компетентности; увеличение доли казахстанского содержания в закупках; кооперация в сфере малого предпринимательства; диалог государства и бизнес-сообщества. The article discusses the state and promising directions of development of small and medium-sized businesses in the Republic of Kazakhstan. The prerequisites for the development of small and medium-sized businesses in Kazakhstan are defined. The analysis of the dynamics of the main indicators of small and medium-sized businesses is carried out. The irrationality of the branch structure of small and medium-sized businesses is revealed. As a result of the systematic work of the country's leadership to improve the business climate and develop entrepreneurship, Kazakhstan's position in the Doing Business rating has improved. The analysis of the program "Business Roadmap 2020", implemented in Kazakhstan in order to promote the development of entrepreneurship. This Program provides state support to small and medium-sized businesses in the following areas: support for new business initiatives; industry support for entrepreneurs; reduction of currency risks; non-financial measures. The drawback of the "business Roadmap 2020" Program itself and its implementation practices can be attributed to the limited number of trained entrepreneurs and the low level of consumer support for domestic manufacturers. As a result of the analysis of the current state of small and medium-sized businesses, the following promising areas of its development were identified: increasing competence; increasing the share of Kazakhstani content in procurement; cooperation in the field of small business; dialogue between the state and the business community.

scholarly journals The Best of Both Worlds - How Māori Small Businesses Engage with Their Pākehā and Māori Values

2021 ◽  
Author(s):  
◽  
Philip Graham Best
Keyword(s):  
Small Business ◽  
Cultural Values ◽  
Traditional Knowledge ◽  
Business Model ◽  
Small Businesses ◽  
Middle Eastern ◽  
Business Owners ◽  
Business Culture ◽  
Small Business Owners ◽  
New Business

<p>Māori small business owners must work in two cultures; their own Māori culture and the Pākehā culture which frames much of the legal and commercial imperatives of their business. Some Māori business leaders have commented on the need to develop a new business model for Māori owned and operated businesses that allow Māori to bring their own cultural values to a business whilst operating in a Pākehā environment. This research sheds some light on what some of the ingredients of that business model may be. Respondents owning small businesses commercialising traditional knowledge were interviewed about the cultural values they used in their business. Interviews comprised a face to face oral interview providing qualitative information followed by a written questionnaire providing frequency of use for both Māori and Pākehā concepts. This research shows how Māori small business owners commercialising traditional knowledge have been able to take appropriate parts of both their Māori and Pākehā cultures to develop and operate a business that builds on the best of both worlds. Using the ambicultural approach (Chen and Miller, 2010, 2011) it has been possible to analyse the relationships between aspects of Māori and Pākehā business culture. Māori respondents told of how they felt about the financial aspects of their business compared to the cultural and social aspects which were all important elements of their business. Respondents described how they balanced their cultural and social objectives with the financial objectives which enabled the business to remain sustainable. Social and cultural outputs are often found in other non-western businesses and some features of these are discussed leading to the conclusion that Māori businesses are more similar to those in some Asian and Middle Eastern localities than to the western environment in which they operate. The ambicultural approach has already been used by Chen and Miller to describe the success of some Asian based businesses. Applying an ambicultural relational approach to Māori small business has made it possible to explain how Māori small business owners are able to intertwine their cultures to develop a new operating culture for their business which provides the cultural, environmental, financial and social outputs they are searching for.</p>

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