Small Business Start-up Research Articles

Innovation ecosystem for SMES in ICT industry

Since in the today's economy world, the necessity of entrepreneurship in small and medium-sized enterprises is important in many countries in terms of employment creation, in this regard, attention to entrepreneurship and innovation in small and medium-sized (SME) enterprises, are the most effective factors in the development of economic and social systems of each country. The present study aims at identifying and defining the dimensions and components of the ecosystem of entrepreneurship and innovation in accordance with the requirements of the country in Iran, in order to develop and improve the strategies and policies for developing entrepreneurial technology in small and medium-sized enterprises. In this study, using an estimate from the entrepreneurship and innovative ecosystems and comparing it with the ecosystem of other countries with similar conditions to Iran, we will come up with a professional structure, including the common aspects of their models and criteria, and by examining the factors that play the vital role of innovation and entrepreneurship of Iranians, we will make the feasibility and design of the innovation ecosystem feasible in ICT industry as a strategic planning for the creation of an entrepreneurship and innovation ecosystem in SMEs of ICT industry. This study will try to prepare an entrepreneurship and innovation ecosystem with the help of information technology and encourage small and innovative business startups as well as innovation and entrepreneurship in an environment of entrepreneurship ecosystems based on digital innovation and communication and information technologies will be formed.

Does Firm Size Matter? The Impact of Homeownership on Business Start-up in Italy

Abstract This paper is the first attempt to empirically test the relationship between homeownership and business start-up by putting emphasis on the characteristics of both homeowners and firms. It relies on the fact that the firm size is relevant when considering the relationship between homeownership (outright or with mortgage) and new enterprises (small-sized or medium- and large-sized). A cross-section analysis of Italy supports our hypothesis that firm size matters in estimating the actual effect of homeownership on business start-up: Homeownership has a negative effect on large-sized business start-up; in contrast, outright homeownership has a positive effect on small business start-up, whereas homeownership with mortgage payments has a negative effect only on small business start-up. Theoretical explanations are also provided. JEL Classifications: C31, L25, L26, M13, R21, R31 firm size, business start-up, homeownership

Ten Frequently Asked Questions for Small Business Start-Ups

Every person starting a business will have questions along the way, and as soon as one question is answered another one arises. In fact, several questions may exist at the same time. This fact sheet presents ten questions that encapsulate the most important issues that must be addressed by those interested in starting a business. This is EDIS document FE571, a publication of the Department of Food and Resource Economics, Florida Cooperative Extension Service, Institute of Food and Agricultural Sciences, University of Florida, Gainesville, FL. Published September 2005.
 FE571/FE571: Frequently Asked Questions for Small Business Start-Ups (ufl.edu)

Business incubators and green technology: The Gauteng Climate Innovation Centre, South Africa

Business incubators are a vehicle to assist the survival prospects of start-up enterprises, many of which fail in their early years of operation. One special form of business incubator is the Climate Innovation Centre (CIC) which is part of international debates around green economies and appropriate technologies for climatecompatible development. CICs are an intervention to build innovation sites to ameliorate climate change and a highly distinctive form of business incubator in which the explicit focus is upon supporting small business startups allied to the application of green technologies. Using a qualitative approach the article analyses the establishment and operations of the Gauteng Climate Innovation Centre in South Africa. The CICSA in its first five years of operations has been ‘learning through experience’ and introduced a number of changes since its launch in 2012, including an extension of the business incubation programme and an adjusted focus to South Africa’s climate change related ‘green’ issues around energy, water and waste. Although 5 years is too short for a conclusive evaluation of CIC operations the evidence from this research with South African clean-tech enterprises is largely positive and suggests that the assistance provided by the CIC has contributed towards enterprise development.

Small Business Startup Funding for Youth Employment in Nigeria

<em>Jobs are generated by initiating and growing small businesses within underdeveloped economies. Unemployment among youths is a critical problem confronting Nigeria (Nwogwugwu & Irechukwu, 2015). Unemployment leads to less growth and a drop-in consumer spending. Increased unemployment generates lowered business output. Unemployment results in welfare loss from lowered output, income, and wellbeing which hinder social progress of nations. Nevertheless, unemployed youths with small business initiatives experience financial constraints and lack access to startup capitals. The purpose of this study was to explore experiences of some owners who succeeded despite lack of access to formal and informal sources of initial capitals. Data was collected through semi-structured interviews with 15 small business owners in Lagos who started as unemployed youths. We purposefully selected participants, used thematic for data analysis, NVivo 10 software for coding and interpretation. Findings revealed 3 critical challenges to access initial capitals for startups by unemployed youths including: (a) inability to provide collaterals, (b) Reliance on insufficient private finance and short term overdrafts, and (c) bureaucracy. Result may become basis for future interventions and support programs. Authorities and youth leaders could use information for trainings and support programs to help unemployed youth access startup capitals for small business.</em>

Государственные программы поддержки малого бизнеса в США

The article systematizes the most important federal state programs for financial, credit and guarantee support for small businesses in the United States of America. Author identified features, disadvantages and advantages of these programs. The effectiveness of basic and special programs of financial support for the period from 2009 to 2018 was evaluated. A separate section of the study is devoted to the analysis of state programs of financial and investment support for innovation activities of high-tech small business enterprises and startups. The involvement of financial intermediaries (business angels, venture funds and private banks) in these activities allowed the United States to ensure their rapid growth and solve the problem of a lack of long-term financing. The final section of the article demonstrates that the modern model of state financial and credit support to the United States is mature, with the ability to withstand financial crises, and the instruments of developing and stimulating the activities of small business used are highly effective. The developed model of financial, credit and guarantee support ensured the rapid growth of small business enterprises in the country, making it the basis of the national economy. Developing favorable conditions for lending to small businesses allowed the United States in periods of crisis not only to preserve the share of small enterprises in the economy, but also to increase the level of employment of the population and thereby solve an important social task – reducing unemployment during economic crises. The analysis of the effectiveness of state financial, credit and guarantee model of small business support in the United States conducted in the review article can be useful in improving the system of state regulation and support of small and medium-sized businesses in Russia and other countries. Acknowledgements. The article was funded by Russian Foundation for Basic Research (project №. 19-410-230060-ra).

The Analysis of the Small Business Startup Cases in the Textile Field

The Analysis of the Small Business Startup Cases in the Textile Field

A Case Study on the Lean Start-up in a Small Business Industry For Small Business Start-up Consulting

A Case Study on the Lean Start-up in a Small Business Industry For Small Business Start-up Consulting

Establishing a retro-marketing rental company

‘Establishing a retro-marketing rental company: VW Kamper’ is a teaching case study primarily targeted for postgraduate and advanced undergraduate entrepreneurship, marketing and management students who are seeking to learn a range of small business start-up business planning and evaluation methods. The case draws theoretically on the brand revival characteristic framework of Brown, Kozinets and Sherry to consider the allure of renting a nostalgic Volkswagen (VW) campervan for a glamorous camping experience while relating some of the growing literature pertaining to the challenges faced by female entrepreneurs. The case provides financial and marketing contextual information to practically engage students with an intriguing and authentic motorhome rental service concept to help develop financial reasoning skills related to new ventures and risk.

The impact of ethnic diversity on microenterprise start-ups

ABSTRACTUntil recently, factors determining the decisions made by microfinance institutions (MFIs) to extend loans to business start-ups had not been explored. Recent evidence shows that MFI performance with regard to funds issued for small business start-ups depends on MFI-level characteristics such as profit orientation. We argue that these decisions do not only depend on MFI-specific practices or characteristics, but also on the role ethnic diversity plays. Using data on microfinance lending activities for business start-ups, we examine the impact of ethnic diversity on microenterprise start-ups. Results show that ethnic diversity negatively affects the provision of financial capital for business start-up. Furthermore, results also suggest a negative association between ethnic diversity and the share of female borrowers recorded by MFIs. We examine social networks and outreach as potential channels through which ethnic diversity affects business start-ups.

START-UP: SEARCH OF WAYS OF INVESTMENT SUPPORT FOR DEVELOPMENT OF SMALL BUSINESS

Urgency of the research. The article is devoted to research of ways of investment support of small business as a driving force of the economy. The generalization of foreign experience has allowed to determine the main condition for the development of small business start-ups. Today, the implementation of startups is the future of an efficient economy. Target setting. Successfully designed and developed technique for evaluating the value of startups are part of the financial success of their implementation. Actual scientific researches and issues analysis. Famous foreign scientists as G. Kawasaki, M. Nijier, D. Wumek, J. Lyker, B. Feld and others have made significant contributions to the development of startups, their emergence in markets, the study of economic instruments for increasing profitability and attracting investments. Uninvestigated parts of general matters defining. At the same time, insufficient scientific works highlight the economic indicators of the effectiveness of the introduction of start-ups. Need additional research on the development of tools for improving the financial success of new projects of small enterprises. The research objective. Defining a system of economic indicators for the effective development of startups and testing tools for the costs of their identification and monitoring. The statement of basic materials. The methods of estimating the projects of the launch of pre-investment investments were analyzed. The calculation of the investment value of the company and the method of returning the venture capital through the final cost is tested. The optimal way of evaluating the Startup Start Cost Index is determined on the basis of the average Startup Cost and Segment Cost Index. In order to take into account the costs of implementing the startup it is expedient to use the theory of solving inventive tasks "Lean production", which will allow to build an effective system of management of aggregate expenses and further control over their dynamics. Conclusions. The result of the introduction of effective startups is the intensification of investment and innovation activities, the development of small business, solving social problems.

Startup Success Trends in Small Business Beyond Five-Years

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.

Marketing Practices of Rural Micro and Small Businesses in Ghana

Using social identity theory and social capital theory as a backdrop to understand the context of subsistence marketplaces, this study investigates how rural micro and small businesses engage in marketing practices and how poverty reduction policies affect micro and small business activities and growth. The results show that rural micro and small businesses weave morality and religiosity into their commercial activities and survive in a competitive subsistence marketplace by engaging with social networks, relationships with customers, and relationships with staff. The interdependence among these relationships contributes to the competitive positioning of the business and its intelligence gathering. Despite the existence of government programs to fund micro and small business startups, most owner-managers use social networks to initially fund and grow their businesses. The paper ends with implications and future research directions.

The Comparison of Regional Stakeholder s Response for Young Start-up Activity in front of University Commerce Area : Based on Small Business Startup Cases by Ewha University Student Teams

The Comparison of Regional Stakeholder s Response for Young Start-up Activity in front of University Commerce Area : Based on Small Business Startup Cases by Ewha University Student Teams

시니어 창업교육생의 특성과 기업가정신이 소상공인 창업교육 만족도에 미치는 영향 연구

시니어 창업교육생의 특성과 기업가정신이 소상공인 창업교육 만족도에 미치는 영향 연구

Sustaining small businesses in emerging economies: an examination of the pre and post startup ramifications

Set in the Western Province of South Africa, this study is centred on a group of small business owners who received financial support from a leading South African business developer. The main aims were to obtain from the recipients what they envisaged as their main challenges, and to compare those challenges at a later stage to get a better understanding of the real challenges of small business pre and post startup. The ultimate benefit will be to report on these to inform practitioners and researchers so that every stakeholder can have a fresher insight into this phenomenon with the hope that much more concrete discussions and interventions may emerge. This longitudinal study adopted the mixed method, specifically the use of a questionnaire and a semi-structured interview schedule. This method enabled the researcher to gain a better understanding of the issues at play with respect to first time recipients of funds, as well as engage intimately with them in order to obtain salient information regarding challenges of small business pre and post business startup. Interestingly, most participants indicated that almost all the items in the questionnaire were major challenges. This study should not only generate the necessary discussions among practitioners and scholars on small business growth constraints in South Africa, but, at the same time, uncover through such discussions, some of the undocumented challenges of small businesses in emerging markets so that the chances of survival of small businesses beyond the 2-3 year mark are improved.

Strategies for Enhancing Small Business Owners' Success Rates

Small-business owners represent 99.9% of all U.S. employer firms, employ 48% of the private sector employees, and provide 41.2% of the total U.S. private payroll. However, 50% of new small-business startups fail within the first 5 years of operation. The purpose of this multiple-case study was to explore strategies three small-business coffee shop owners in Duval County, Florida, used to succeed in business beyond 5 years. Three themes emerged from semistructured interviews and methodological triangulation via websites, social media, and site visits: (a) owner networking and designing the business site as a customer networking venue, (b) business plan effectiveness in identifying and addressing initial challenges and subsequent changes, and (c) achieving marketing differentiation.

A Study on the Structural Relationship among Entrepreneurial Characteristics, Success Factors and Performances of Small Business Start-up Founders

A Study on the Structural Relationship among Entrepreneurial Characteristics, Success Factors and Performances of Small Business Start-up Founders

ADifferentCertification Effect of the Small Business Innovation Research (SBIR) Program

This study examines the role of public investments in inducing small firms to develop risky, early-stage technologies. It contributes to expanding our understanding of the consequences of high-technology policies by investigating in more depth the effect of the Small Business Innovation Research (SBIR) program on the innovation effort and ability to attract external capital of small business start-ups using a new sample and estimation approach. The authors found empirical evidence that the public cofinancing of private research and development has a positive effect on the innovation propensity of small high-tech start-ups. However, contrary to theoretical expectations, they did not find any significant “certification effect” of receiving an SBIR award on attracting follow-on investment. What the authors discovered is a different certification effect: SBIR recipient firms are more likely to attract external patents. This finding confirms that enterprises need to orchestrate a portfolio of internal and external knowledge assets to produce innovations with unique competitive advantage.

A Study on the Influence Factors on Successful Small Business Start-Ups - Micro Credit Received from Seoul Credit Guarantee Foundation

Objectives: This study aims to analyze the differences between successful and failed businesses, find out the factors that affect the success of start-ups and requirements for stable management of a business, and use them to make policies to support small businesses. Methods: In advance, we conducted survey 500 the success and failure. And then we collected data which extracted 345 samples that had positive answers through survey, questionnaire and interview process remove the inappropriate surveys, used a total of 124 samples in the study. Findings: Successful and failed businesses have differences in educational background, type of business, motivation, existence of representative products, existence of constant suppliers, revenue management, and training of employees, and age and educational background turned out to be influential in the possibility of success. Applications: The factors deduced through this study will be used as base data in the policy-making process for the training for start-up businesses and consulting project that are provided for small business owners by Seoul City and from Seoul City Credit.