Total views : 516
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.
Business Management, Characteristics of Business Founder, Success and Failure, Success Factor of Start-Ups.
- Han JS. The appreciation of the supportive project for the self-employed. National Assembly Budget Office; 2015.
- National Statistical Office. The Survey on Economically Active Population and Additional Survey Result Depending on the Type of Work and Non-wage Labor in August 2015; 2015.
- Interagency study of measures for elderly employment stability and the self-employed. Korea; 2014.
- Small enterprise promotion agency. Report on the Current State of Nationwide Small Enterprises; 2013.
- Porter M. Strategy and the Internet. Harvard Business Review. 2001; 79(2):63–78.
- Birley S, Norburn D. Owner and manager: The venture 100 vs the fortune 500. Journal of Business Venturing. 1987; 2(4):351–63.
- Dollinger MJ. Entrepreneurship, Strategies and Resources; Boston. Irwin. 1995.
- Kim GS. The decisive factors in becoming the self-employed and policy implications. National Assembly Budget Office. Analysis of Economic Issues; 2006.
- Robert E, Lucas Jr. On the size distribution of business firms. The Bell Journal of Economics. 1978; 9(2):508–23.
- Begley TM, Boyd DP. Psychological characteristics associated with performance in entrepreneurial firms and smaller business. Journal of Business Venturing. 1987; 2:79–93.
- Gartner WB, Bird BJ, Starr JA. Acting as if: Differentiating entrepreneurial from organizational behavior. Entrepreneurship Theory and Practice. 1992; 16:13–31.
- Buttner EH, Rosen B. Funding new business ventures: Are decision makers biased against women entrepreneurs? Journal of Business Venturing. 1989 Jul; 4:249–61.
- Yoon SW, Seo GH. A study on the inauguration culture of small businessmen in Korean. Journal of Consumption Culture. 2003; 6(1):99–118.
- Guide of start-ups. Available from: http://www.hopestart.or.kr/hsp/p36429/
- Cho JH, Kim CJ. A study on influential factors on financial outcome of small business start-ups. Industry and Economy Research. 2010; 23(1):127–44.
- Dollinger MJ. Entrepreneurship: Strategies and resources. Burr Ridge, IL: Austen Press; 1995. p. 6–8.
- Vesper. New Venture Experience. Seattle, WA: Vector Books; 1996.
- Koller RH. On the source of entrepreneurial ideas. Frontiers of the Entrepreneurship Research. Wellesley, MA: Babson Center for the Entrepreneurial Studies; 1988. p. 194–204.
- Lussier RN. A non-financial business success versus failure prediction model. Journal of Small Business Management. 1995; 33(5):8–20.
- Haswell S, Holmes S. Estimating the Small Business Failure Rate: A Reappraisal. Journal of Small Business Management. 1989; 27:68–74.
- Keum JH, Kim GS, Cho DH, Cho JM. Study of the self-employed labor market: Transition and characteristics of the self-employed. Korea Labor Institute; 2009.
- Timmons J.A. New venture creation: Entrepreneurship for the 21st century. Innovation and Change. Illinois: Irwin McGraw-Hill. 1997; 6(1):5–20.
- Lee YW, Lee NJ, Lee CS. The effect of strategy orientation of small enterprises on business performance. Finance and Accounting Information Journal. 2009; 9(3):101–22.
- Kim BK, Lee GH. The Influence of leadership and culture of hotel businesses on market orientation and customer orientation. Marketing Management Research. 2008; 13(1):11–25.
- Schein EH. Career anchors: Discovering your real values. Company of Marketing. 1990; 58(3):1–9.
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution 3.0 License.