Small Business Owners Research Articles

Migrants from Ukraine in the Polish labour market as perceived by Poles from rural areas and towns.

The article is devoted to presenting the topic of migration of Ukrainian nationals to Poland. The work makes use of a survey under a project carried out in Polish rural areas and small towns. Seven hundred interviews were held in total. We conducted a quantitative analysis of its results here. The employed methods involve variable frequency distribution. The independence of the features was tested with the non-parametric chi-square test of independence. The association of the investigated variables was determined with Cramér's V. The research shows that the most numerous foreign nationals in the Polish labour market in 2021 were Ukrainians. The positive trend started in 2017. The respondents perceived the migration of Ukrainian nationals to Poland mostly positively, especially regarding seasonal work. They also emphasized that the Ukrainians performed work at variance with their qualifications. Only every fifth participant agreed that migrants took away jobs from Poles. Most of the respondents pointed out that small business owners benefited from employing Ukrainians. The overwhelming majority of the respondents noted an increase in migration from Ukraine after the full-scale invasion and that entire families of Ukrainians were coming to Poland. Nearly half of them agreed that the support system for Ukrainian migrants was a burden on municipal budgets.

Corporate social responsibility, entrepreneurial motivation and integrative quality of life among Ghanaian small business owners

Corporate social responsibility, entrepreneurial motivation and integrative quality of life among Ghanaian small business owners

The impact of technostress on small business owners burnout: The mediating role of strain

The impact of technostress on small business owners burnout: The mediating role of strain

Досвід необанкінгу в країнах Азійсько-Тихоокеанського регіону

The trend towards the development of neobanking has swept almost the entire world, changing traditional banking and shaping the offer of digital financial services. The Asia-Pacific region is characterized by the dynamic spread of neobanking, which is significantly facilitated by the demographic situation and the increase in the number of technology companies with a corresponding increase in the number of IT devices. The use of fintech services in the Asia-Pacific region is growing dynamically. The leaders in terms of growth rates are China, Hong Kong, Singapore, and South Korea. According to current forecasts, another 663 million people in the Asia-Pacific region will start using mobile Internet by 2025, which will contribute to the further development of neobanking. The number of neobanks in the Asia-Pacific region lags behind the countries of Europe and the United States, but their number is growing at a much faster pace. Despite the constant growth in the number of consumers of neobank services in the region, there are also constraints that hinder growth. These include: lack of trust in services of the new format, reluctance to change the provider of financial services, and lack of information about the capabilities of neobanks. Also, in some areas, there is virtually no stable access to the Internet, this becomes another obstacle to the activities of neobanks. The number of neobank users in the Asia-Pacific region is constantly growing – from 2.9 million people in 2017 to 22.8 million people in 2021. In each market of Southeast Asia, regulatory authorities have their own specifics of regulating the activities of neobanks, regulations vary significantly depending on the country. As a result, the range of services provided by neobanks in the countries of the region is different: from a full range of banking services to a narrow specialization in servicing small business owners. Further prospects for the development of neobanking in the countries of the Asia-Pacific region depend on the following main factors: State regulation of the banking sector; technical capabilities of neobanks to personalize financial services, process large amounts of data and conduct online transactions; competition or cooperation with traditional banks. There is already a tendency in the world for traditional banks and neobanks to search for mutually beneficial options for cooperation. For example, P2P lending and P2B lending, in which traditional banks are trying to participate, teaming up with neobanks. Neobanking is also supported by the issue that modern bank customers are less and less inclined to visit physical bank branches to conduct financial transactions. It is concluded that although there is a significant number of the population not covered by banking services, the development of neobanking in the Asia-Pacific region is proceeding at a rapid pace, which is facilitated by demographic indicators, high rates of economic growth, and cooperation with traditional banking institutions. Malaysia, Indonesia, the Philippines, Vietnam, India, and Thailand have the greatest potential for the development of neobanking.

Corporate social responsibility, entrepreneurial motivation and integrative quality of life among Ghanaian small business owners

Corporate social responsibility, entrepreneurial motivation and integrative quality of life among Ghanaian small business owners

Factors That Hinder Rural Small Business Owners from Adopting Internet Marketing as a Strategy

Factors That Hinder Rural Small Business Owners from Adopting Internet Marketing as a Strategy

The Effect of Digital Capability, Digital Orientation on Business Resilience with Digital Transformation as a Mediating Variable

In the advent of information technology advancement, digitalization in business becomes pivotal in sustaining competitive advantage, especially for small scale enterprises. Notwithstanding the influx of digitalized business processes, their impact on business resilience is arguably impacted by other variables. This study is aimed at analyzing the influence of digital capabilities, and digital orientation on business resilience with digital transformation as a mediating variable. As a case in point, 380 small business owners in Greater Jakarta area are selected as respondents. The data was collected using a Likert-scale questionnaire that was distributed online. Data was analyzed using Smart PLS. The study finds that digital capabilities, digital orientation, and digital transformation as separate variables are significantly influenced by business resilience with digital capability showing the highest significance value. The digital transformation partially mediates the impact of digital capabilities and digital orientation on business resilience. The findings indicate the limited success of the Indonesian government initiatives in accelerating small businesses’ exposure to digitalization during the pandemic period. The next proposed recommendation would be to initiate efforts to increase digital transformation of small businesses since this variable comes across as the bridge between digitalization and business resilience. Keywords: Digital Capability, Digital Orientation, Business Resilience, Digital Transformation

The impact of technostress on small business owners burnout: the mediating role of strain

The impact of technostress on small business owners burnout: the mediating role of strain

Market Impact Analysis Service Based on Big Data in Gyeonggi-Do

The Fourth Industrial Revolution is the driving force of change as the fundamental structure of the industry changes. Gyeonggi-do provides big data analysis services to improve citizens’ quality of life by providing various big data services. Local governments in Korea provide various services for citizens and small business owners. This paper discusses Gyeonggi-do’s ‘Market Impact Analysis Service,’ an information analysis infrastructure. This service helps start-ups, small business owners, and self-employed people who need help starting a business and management due to more information to make big data-based decisions. In this paper, we discuss the efforts of Gyeonggi-Do to provide information service based on big data analysis for local businesses using a Big data platform.

근로자 노동소득에 대한 COVID-19 영향의 시도별 분석

Background/Objectives: This study analyzed the impact of COVID-19 on the labor income of workers in 16 regions by comparing the time periods of COVID-19 inexperience(2017 2018) and COVID-19 experience(2019 2020). In addition, this study examined the impact of COVID-19 by dividing wage workers and self-employed workers by region one year after the spread of COVID-19.
 Methods: This study used data from the Korea Labor Panel Survey of the Korea Labor Institute. Data on individual labor status by year were reconstructed using Korea Labor Panel data from 2017 to 2020. In this study, the impact of COVID-19 on workers' wages in different regions was empirically verified using a time-wise difference-in-difference methodology, with the period before COVID-19 established as the control group.
 Results: The analysis revealed that after the outbreak of COVID- 19, the monthly wages of the employees increased in all provinces except Daegu, indicating that the shock period of COVID-19 is entering a recovery phase. However, for self-employed workers, monthly wages decreased in regions such as Seoul, Incheon, and Gangwon.
 Conclusion/Implications: The findings reveal that COVID-19 impacts self-employed workers more than contracted employees. Despite the loss compensation policy for the self-employed since 2021, economic difficulties for the self-employed, including debt problems, remain. Therefore, policy support, including financial and tax benefits, are needed in regions with many small business owners are.

GIS 기반 로컬상권의 성장에 따른 상권특성 변화

With the increasing interest in neighborhoods, the concept of “local” has emerged as a new economic force in the small business industry. In this context, the purpose of this study is to analyze the characteristics of changes in local business districts as they grow, and to provide valuable data for site selection and industry choices, which are crucial for small business startups. Initially, we explored the changes in population and stores over five years (2017, 2022) in Hong-dae and Seong-su business districts, which are representative local areas in South Korea. Population factors included the number of young adults, the number of single-person households, and the floating population. Store information included restaurant addresses, specific business types, and opening/closing dates, which were analyzed using Geographic Information Systems (GIS). The population factors of the Seong-su business district, which is in a period of local growth, all increased, and stores concentrated around the initial formation point of the local district and expanded into alleys. In terms of business type, there was a significant increase in the proportion of cafes, western food, Japanese food, and sentimental bars. In contrast, in the Hong-dae business district, where localization has already been activated, there has been no significant change in the resident population and specific business type. However, the concentration of stores has spread more widely to alleys and non-core areas. Therefore, small business owners who start a local business should base their decisions on the characteristics of changes as the local business district grows. They should consider factors such as the influx of the youth population when choosing a location and a type of business for successful operation.

Determinasi Pada Loyalitas Pengaruh Kualitas Pelayanan dan Persepsi Harga Melalui Kepuasan

Micro enterprises are believed to be able to thrive in unstable situations because they operate independently and have a relatively small scope. Small and medium-sized business owners must be able to survive in an industry dominated by large and medium-sized companies. To achieve this, they need effective marketing strategies, focusing on service quality and price perception, in order to create customer satisfaction and loyalty. The sustainability of micro and small business owners depends on how well their products can endure. In this study, the third key factor (TKT 3) is active research and development. This may involve analytical studies and laboratory research to physically validate analytical predictions about separate elements of technology. For instance, it could relate to components that have not yet been integrated or those that represent a sample. The study population consists of residents in Tangsel, and sampling is done using purposive techniques. Using the Hair formula, the sample size is rounded to 100 individuals who will serve as research respondents. These respondents will be provided with a Google Form questionnaire for the research.

The Relationship between Jeju’s Indigenous Culture Adaptation and the Business of Small Business Owners who Moved to Jeju

The Relationship between Jeju’s Indigenous Culture Adaptation and the Business of Small Business Owners who Moved to Jeju

Financial Mismanagement of Small Businesses: A Study Based on the Hotel Industry in Nuwara Eliya District

The purpose of the study was to identify the financial mismanagement of small businesses and their effect on the business’s success. This research used the qualitative approach and continued the study through the general qualitative method. Sample were selected based on the purposive sampling method. Accordingly, data collection was done through in-depth interviews with owners of six small businesses in the Talawakele - Lidula Municipal Council area in the Nuwara Eliya District. The data were analysed, and themes were derived using thematic analysis. The main mismanagement identified from the study was mismanaging start-up capital, cash flows, budgetary system, personal spending, retained earnings, and working capital. Due to these mismanagements, businesses cannot run with a proper plan. The findings of this study will enable small businesses to identify their financial mismanagement. These findings will also help policymakers to identify the areas that are required to improve the financial management literacy of small business owners.

Navigating containment challenges: A quantitative study of Ghanaian SME performance during the COVID-19 pandemic

This study aims to provide valuable insights into the containment challenges faced by Ghanaian SMEs during the COVID-19 pandemic and how these challenges impacted key performance indicators (KPIs). Utilizing the partial least square approach of structural equation modelling (PLS-SEM), data collected from a sample of 152 Ghanaian SMEs are examined. The findings underscore the adverse influence of pandemic-related containment measures on financial performance, sales performance, employee satisfaction, and customer satisfaction, while revealing an increase in online engagement as SMEs adapted their business models. Thus, this study highlights the significance of bolstering dynamic capabilities, with a particular focus on digital transformation and leveraging online platforms, as a means to enhance resilience and adaptability for SMEs amidst challenging containment conditions. Theoretical implications emphasize the crucial role of dynamic capabilities in navigating uncertainty and volatility during crises, while the practical implications offer valuable guidance for small business owners in developing economies as they strive to mitigate the impacts of containment measures during public health emergencies on their businesses

Analysis of Micro and Small Business Owners' Perceptions of The Benefits of Sharia Insurance In Managing Business Risks

This study aims to analyze the perceptions of Micro and Small Enterprise (MSE) owners towards the benefits of sharia insurance in managing business risks. This research is located in Serdang Bedagai, using a case study-based qualitative research method. Data was obtained through interviews with 10 owner research informants, who were selected based on the coverage of various business sectors and income levels. The results revealed that MSE owners have a positive perception of the benefits of Islamic insurance in managing business risks. Although the understanding of Islamic insurance is limited, MSE owners who have not adopted Islamic insurance have varied perspectives according to their understanding and needs. The majority expressed readiness to use sharia insurance if the premium is affordable and the benefits are as needed. However, there are also those who still need further education regarding the concept and halalness of Islamic insurance products. This positive perception shows the potential for growth and adoption of sharia insurance in Serdang Bedagai Regency. However, there are also challenges, namely that there are still owners who do not fully understand the basic principles of sharia insurance.

Social Media and Sales Performance of Clothing Small Businesses in Nigeria

In Nigeria, small businesses are increasingly turning to social media as an approach for marketing and boosting their sales due largely to its wide reach and cost-effectiveness. The clothing industry is no exception, as small clothing businesses in Nigeria have begun to leverage social media to reach a wider audience and increase sales performance. Apparently, despite the huge potential of social media platforms available to prospective small businesses in Nigeria, existing and prospective small business owners still struggle to utilise these platforms to improve sales performance in the country. The paper examined the level of contributions of social media on small businesses' sales performance vis-a-vis customers purchasing behaviour. Also, it explored inherent challenges clothing businesses encountered on social media platforms for improved sales performance. The study was centred on descriptive research design through a qualitative approach, which relied on interviews. For the study, a purposive sampling technique was used to select 18 participants in the clothing business (shoes, fashion clothes, hairdressing and fashion accessories and hairdressing). By implication, social media usage has a multiplier effect on small businesses vis-à-vis the economic transformation of Nigeria if harnessed in line with the function framework. The study concluded that there is an apt need for small clothing businesses in Nigeria to grasp the trajectories and dynamics of social media and engage in effective and sustainable strategies to leverage social media for optimum benefit.

A Study on credit facilities of micro, small, and medium enterprises at Syndicate Bank

One of the most crucial inputs for any organization is the adequate and timely availability of finance. An entrepreneur’s establishment of an MSME unit falls under this umbrella. Micro, small, and medium-sized business owners are frequently first-time business owners with little to no capital. They require technical, marketing, and management assistance and significant seed capital to launch their businesses. In addition, many MSME units need additional funding for marketing, imports, exports, generating upgrades, capability growth, expansion, and marketing. Through their branch offices and local offices spread out over the country, Indian banks provided financial centers to several businesses.

The impact of successful intelligence, entrepreneurial personality, and social skills on sustainable entrepreneurship

The chance to start your own business is appealing when the labor market experiences a slump in the current crisis scenario. The factors that affect sustainable entrepreneurship were examined in this study. The factors contributing to an entrepreneur’s success, including successful intelligence, social skills, and entrepreneurial personality, were examined. In the causal relationship study, we used a questionnaire designed specifically for small and medium-sized business owners. We used multiple regression methods to analyze the data on a five-point Likert scale we collected. The findings demonstrate a strong positive relationship between entrepreneurial success, successful intelligence, and entrepreneurial personality. However, no connections between social skills and building a sustainable business have been made. The causes are rooted in culture. From the viewpoints of academics, practitioners, and policymakers, it has practical ramifications. Aspiring businesspeople can use the outcomes to guide their decisions. To better understand how personality factors affect the viability of recently created firms in emerging nations, this study is unique.

E-commerce Adoption and Small Business Performance: A Study of Digital Marketing Strategies, Online Customer Engagement and Technology Infrastructure

In the dynamic landscape of e-commerce, small businesses face a multitude of challenges and opportunities. This manuscript explores the intricate relationships between three key independent variables: Digital Marketing Strategies, Online Customer Engagement, Technology Infrastructure, and the dependent variable, Small Business Performance in e-commerce. Through a quantitative approach, we investigate the impact of these variables on the success of small businesses operating in the digital marketplace. Our analysis reveals that each of the independent variables, Digital Marketing Strategies, Online Customer Engagement, and Technology Infrastructure, exhibits a statistically significant positive relationship with Small Business Performance in e-commerce. Small businesses that effectively implement digital marketing strategies, actively engage with customers online, and maintain robust technology infrastructure are more likely to experience improved e-commerce performance. These findings underscore the interrelated nature of these factors and emphasize the need for a holistic approach to e-commerce success. The study's results carry practical implications for small business owners and e-commerce practitioners, suggesting that a comprehensive strategy that considers these variables simultaneously is essential for thriving in the competitive digital landscape. By investing in digital marketing, nurturing customer relationships, and prioritizing technology infrastructure, small businesses can enhance their e-commerce performance, achieve increased revenue, and expand their market presence. This research contributes to a deeper understanding of the complex dynamics of small business success in e-commerce, offering valuable insights for decision-makers and stakeholders in the digital marketplace. The findings pave the way for evidence-based strategies and a holistic approach to small business performance enhancement in the digital age.