scholarly journals Partners in financial literacy: Outreach to student entrepreneurs

2019 ◽  
Vol 80 (10) ◽  
pp. 575
Author(s):  
Emily Mross ◽  
Lauren Reiter

In 2018, small businesses employed 58.9 million Americans, totaling 47.5% of the U.S. private workforce. Libraries often play a central role in helping people make their entrepreneurial dreams a reality by providing resources to support the research that goes into developing, running, and expanding small businesses. Public libraries are traditional resource centers for small business, but universities and academic libraries are increasingly supporting student entrepreneurs through both curricular and extracurricular programming to help them develop new startups and small businesses. Though libraries are instrumental in providing access to business development information, they may miss a key service area for successful entrepreneurship—financial literacy programming.

Author(s):  
Orna T. Bradley-Swanson ◽  
Darrell Norman Burrell

Small businesses produce near 50% of the gross domestic product and are responsible for over 6 out of 10 new jobs. These numbers point to the importance of small business ownership and leadership is important in the US economy. In 2020, there are 124,004 African-American-owned businesses in the U.S. In spite of these numbers, African-American-owned small businesses face tremendous challenges. This exploratory qualitative study examines U.S. African-American small business owners' leadership perspectives around business development, sustainability, and succession transition.


2019 ◽  
Vol 26 (8) ◽  
pp. 51-60
Author(s):  
S. V. Lesovykh

The article considers main trends in the small business of the Altay Territory according to results of 2011 and 2016 full-scale observations that follow the results of activities of small and medium-sized enterprises in 2010 and 2015.In the introduction, the author argues the relevance of the economic and statistical analysis of small business, which is essential for its support, as it is one of the government’s priority areas of activity at all levels when it comes to solving problems of socio-economic development. There are characteristics of information support of the analysis related to the implementation of the Federal Law No. 209-FZ from July 24, 2007 «On small and medium business development in the Russian Federation» and the Order of the Government of the Russian Federation No. 201-r from February 14, 2009.The body of the article successively focuses on some areas of analysis - from the general characteristics of small businesses to the factual analysis of individual aspects of activities of the economic entities under review (headcount, wages and revenues, fixed assets and the scope of investment activities). The features of small enterprises development by economic activity are analyzed separately. An integrated indicator of structural differences is used to assess the significance of structural changes in small businesses. A cluster analysis of the Altay Territory municipalities was carried out and they were rated according to the small business development level. In addition, the author assessed the contribution of small business of the Altay Territory to the development of small business in the Siberian Federal District and the Russian Federation.The final section of the article draws conclusions from the authors’ own specific analysis that points to both positive and negative trends in the development of small business in the Altay Territory.


Author(s):  
Ye-Sho Cehn ◽  
Robert Justis ◽  
P. Pete Chong

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).


2015 ◽  
Vol 43 (3) ◽  
pp. 369-378 ◽  
Author(s):  
Louise Mort Feldmann

Purpose – The purpose of this study is to investigate how small business development centers (SBDCs) are working with libraries and librarians to provide assistance to entrepreneurs. Design/methodology/approach – An online survey was distributed to SBDC offices in the mountain west region of the USA to discover if and how they are working with local public and academic libraries and librarians to provide information and services to entrepreneurs. Findings – Surveys were sent to 72 SBDCs with 31 responding (43 per cent). A total of 48 per cent indicated collaborating with public libraries and 36 per cent work with academic libraries. Resources and services provided by librarians and libraries are consistent with the reporting in case study literature. Responses to successes and issues with these arrangements indicate areas for improvement and consideration in collaborations. Research limitations/implications – This research was limited to findings from SBDC offices in the mountain west region. A national survey of efforts might provide more comprehensive results. Future research into whether these partnerships are worthwhile and benefit entrepreneurs and the local economy would be beneficial. Practical implications – The findings indicate areas in which improvements in collaborations could be made in communication and expectations. Social implications – This research might inform future collaborations as communities explore economic development and support of local entrepreneurs. Originality/value – This research provides the unique perspective of non-librarians about these working relationships with librarians. The findings may be useful to improving existing collaborations and in consideration of future partnerships.


Libri ◽  
2017 ◽  
Vol 67 (4) ◽  
Author(s):  
Bharat Mehra ◽  
Bradley Wade Bishop ◽  
Robert P. Partee II

AbstractThe purpose of this qualitative study is to explore how public libraries assist small businesses in rural communities in the state of Tennessee in the United States. Tennessee’s rural residents, especially in its Appalachian counties, face debilitating economic and social challenges such as inadequate financial prospects, information poverty, unemployment and low degrees of information literacy and educational attainment. The article presents findings from interviews and focus groups with 25 public library small business liaison representatives gathering input about their needs, expectations and experiences with rural public libraries. The foci are the existing and proposed ways rural public libraries provide small business assistance and identify components of a


2020 ◽  
Vol 208 ◽  
pp. 03037
Author(s):  
E.R. Zakirova ◽  
N. Yu. Lebedeva ◽  
N.V. Pogosyan

The paper offers a situational overview of small business as a driver of economic growth in Russia during the 2020 crisis and the main aspects of current state policy on market-based support of that sector. The analysis also highlights major barriers that have arisen lately impeding the efficiency of governmental efforts to support small business. However, new aspects stimulating business development in market economy emerge together with the obstacles.


2021 ◽  
Author(s):  
M Chairul Basrun Umanailo

Micro and small businesses are businesses that built with a variety of vulnerabilities both in terms of capital capacity and managerial capacity of marketing and production. Micro and small business development will only be able to be carried out if there is a comprehensive synergy with multi-stakeholders that woven and accommodated and integrated through the advancement of information and communication technology. Analysis of the development of micro and small businesses uses a qualitative approach by utilizing the application of Nvivo 12 plus in conducting the contents analysis of the number of literature collaborated with secondary data related to the conditions of micro and small businesses in the City of Palopo. The results of the study refer to recommendations to strengthen the collaboration patterns of various stakeholders and broaden the scope of stakeholder involvement. Expansion of stakeholder involvement is maintained and accommodated through the integration of digitalized data so that more comprehensive, updated, and continuous information and communication can use as material for decision making in the development of micro and small businesses.


1983 ◽  
Vol 8 (1) ◽  
pp. 41-51 ◽  
Author(s):  
George T. Solomon ◽  
K. Mark Weaver

Since the inception of the Small Business Institute (SBI) Program in 1972, the U.S. Small Business Administration (SBA) has conducted numerous client reaction and/or perceived value analysis evaluations. However, both the SBA and the Office of Management and Budget (OMB) were more interested in evaluating the objective utility and economic impact of the SBI Program. This article shares with the readers the results of the first national pilot survey of the Economic Impact of the SBI Program on client small businesses. This initial study not only examined the economic impact of the SBI Program but also introduced and tested new methodologies which might be useful in developing a generally accepted technique to collect and analyze the level of economic impact on client businesses assisted by the SBI program. The results of the study indicate that those small businesses receiving counseling assitance from the SBI Program showed more positive increases in their employment and financial profiles than comparable small businesses. Finally, the scope and depth of the SBI consultant teams recommendations directly affected the level and intensity of the positive changes.


2018 ◽  
Vol 12 (1) ◽  
pp. 74-84
Author(s):  
Rina Irawati

Small businesses have a central role in the Indonesian economy. Small businesses have supporting economic sector development. The large number is unfortunately not accompanied by the maximum quality of education from SMEs. To develop a small business, of course, training and coaching are required. The purpose of this study was to examine the effect of training and coaching simultaneously and partially on the development of small business. The sample of this research is 76 small medium entrepreneurs in Lowokwaru Malang, with purposive sampling technique. The result of multiple regression test proves that there is influence simultaneously and partially between training and coachingto small business development. It means research hypothesis was accepted. The dominant variable that influences is coaching (X2) with the largest beta value of 0.675.


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