scholarly journals Why Small Business Owners Have or Do Not Have an Exit Strategy

10.28945/4209 ◽  
2018 ◽  
Vol 2 ◽  
pp. 159-164
Author(s):  
David C. Pickard
Keyword(s):  
Small Business ◽  
Strategic Plan ◽  
Business Owners ◽  
Small Business Owners ◽  
Business Owner ◽  
Exit Strategy ◽  
Complicated Process ◽  
A Company

The purpose of this research is to examine the progressive and regressive factors that affect a small business owner’s decision to implement an exit strategy. An exit strategy can be defined as an entrepreneur’s strategic plan to sell his or her investment in a company he or she has controlling interest in. An exit strategy gives a business owner a way to reduce or eliminate his or her stake in the business, and, if the business is successful, make a substantial profit. Exiting a business is a complicated process which includes, among other things, the evaluation, preparation, marketing, and ultimate sale of the business. Progressive factors push an owner to exit and regressive factors pull an owner away from exiting.

Comparing small business owner and voter beliefs regarding constraints on business growth

2020 ◽  
Vol 9 (3) ◽  
pp. 329-341
Author(s):  
Trey Malone ◽  
Antonios M. Koumpias
Keyword(s):  
Small Business ◽  
Policy Design ◽  
Business Owners ◽  
Entrepreneurial Activity ◽  
Primary Data ◽  
Small Business Owners ◽  
Business Owner ◽  
Linear Regression Models ◽  
Small Business Owner ◽  
Content Type

PurposeThis research note compares voter opinions regarding small business entrepreneurial activity to opinions of small business owners and links any divergence in perceptions to realized suboptimal entrepreneurial growth policy.Design/methodology/approachPrimary data collection via best–worst scaling and estimation of linear regression models.FindingsResults suggest that small business owners are less concerned about issues such as foreign competition, estate/death taxes, oil prices and labor union demands but are more concerned with domestic competition, income taxes, regulatory burdens and availability of credit from lenders.Social implicationsThe authors find major discrepancies in opinions about trade policy and business financing, which may lead to policy design that hinders entrepreneurship given evidence that politicians do respond to voters' opinions (Autor et al., 2016).Originality/valueIt represents the first empirical assessment of differences between voter and small business owner perspectives on entrepreneurial policy. An immediate policy implication includes the need to provide additional avenues of communication of entrepreneurs' concerns.

scholarly journals Continuing Education: A Vital Ingredient Of The Success Plan For Small Business

2010 ◽  
Vol 8 (3) ◽  
Author(s):  
Rubik Atamian ◽  
Neal R. VanZante
Keyword(s):  
Small Business ◽  
Continuing Education ◽  
Business Owners ◽  
Small Business Owners ◽  
Business Owner ◽  
Small Business Owner ◽  
Knowledge And Skills ◽  
Practical Advice ◽  
Research Article ◽  
Economics Research

In a recent Journal of Business & Economics Research article, Atamian, et. al. (2009) provided practical advice for individuals considering forming a small business.  In that article, the authors observed that a major factor in avoiding failure is to “plan for success.”  The authors further noted that operating even the smallest of businesses calls for a multiplicity of skills seldom found in one individual.  This article discusses the knowledge and skills that the small business owner must have in order to combat risk of failure.  Furthermore, it encourages small business owners to recognize the necessity of including a viable continuing education element in their plans for success.  It concludes with an expanded discussion of how small business owners can continually acquire knowledge and skills to sustain the vitality of their businesses.

SEEKING ADVICE IN A DYNAMIC AND COMPLEX BUSINESS ENVIRONMENT: IMPACT ON THE SUCCESS OF SMALL FIRMS

2008 ◽  
Vol 13 (02) ◽  
pp. 133-149 ◽  
Author(s):  
LINDA M. DYER ◽  
CHRISTOPHER A. ROSS
Keyword(s):  
Small Business ◽  
Business Performance ◽  
Small Firms ◽  
Dynamic Environment ◽  
Business Environment ◽  
Business Owners ◽  
Small Business Owners ◽  
Business Owner ◽  
Environment Impact ◽  
Marketing Activities

The research explored the antecedents and outcomes of seeking information and advice about the marketplace in which a small firm exists. A survey of 185 small business owners suggested that both operating in a dynamic environment and having complex marketing activities had a direct link to the frequency with which the small business owner sought marketplace information and advice. Marketplace advice seeking, in turn, was positively correlated with owners' perceptions of business performance. The usefulness of the findings for owners and business-support advisors was discussed.

Suggestions on Tax Support for Small Business Owners

2020 ◽  
Vol 21 (1) ◽  
pp. 89-107
Author(s):  
Sung Ho Jang ◽  
Sung Ook Park ◽  
Hyung Jong Na
Keyword(s):  
Small Business ◽  
Business Owners ◽  
Small Business Owners

Retirement, Recessions and Older Small Business Owners

2012 ◽  
Author(s):  
Tami Gurley-Calvez ◽  
Kandice Kapinos ◽  
Donald James Bruce
Keyword(s):  
Small Business ◽  
Business Owners ◽  
Small Business Owners

Measuring Success in Family Businesses: The Concept of Configurational Fit

2006 ◽  
Vol 19 (2) ◽  
pp. 115-134 ◽  
Author(s):  
Christoph Hienerth ◽  
Alexander Kessler
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Border Region ◽  
Small Business Owners ◽  
Comparable Data ◽  
Measurement Instruments ◽  
Success Measurement ◽  
Success Evaluation ◽  
As Effects

The problems associated with measuring success in small businesses are primarily caused by a lack of comparable data due to the ambiguity of “success” and by subjective biases. Success evaluation is dominated by the estimates of business owners, who tend to overestimate overall success and internal strengths. However, reliable success measurement instruments would be useful for small business owners/managers as well as small business policymakers. The main purposes of this article are to compare various measures of success, to explore the differences in their outcomes, and to analyze whether a model of success measurement using configurational fit can be used to overcome subjective biases. The study is based on a recent survey of 103 small family-owned businesses in the eastern Austrian border region. Our analysis of the data confirmed the existence of the measurement problems mentioned above. Although some individual indicators show significant biases as well as effects due to company age, size, and industry, the aggregated indicator based on the concept of configurational fit seems to be an appropriate means of overcoming most of these drawbacks.

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