What are the major factors hindering small business’s success ?

Author

Abu Zayd, Walid Abu Bakr

Source

[Journal of Financial and Commercial Research]

Issue

Vol. 19, Issue 1 (31 Mar. 2018), pp.77-87, 11 p.

Publisher

Port Said University Faculty of Commerce

Publication Date

2018-03-31

Country of Publication

Egypt

No. of Pages

11

Main Subjects

Economics & Business Administration

Abstract EN

There is no more puzzling or better studied issue in the field of small business than what causes them to fail.

Given the critical role of small businesses in the economy, the economic consequences of failure can be significant.

Yet there is no definitive answer to the question.

Success in business is never automatic.

It isn't strictly based on luck.

It depends primarily on the owner's foresight and organization.

Even then, of course, there are no guarantees.

Starting a small business is always risky, and the chance of success is inadequate.

According to the U.S.

Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years.

American Psychological Association (APA)

Abu Zayd, Walid Abu Bakr. 2018. What are the major factors hindering small business’s success ?. [Journal of Financial and Commercial Research]،Vol. 19, no. 1, pp.77-87.
https://search.emarefa.net/detail/BIM-931376

Modern Language Association (MLA)

Abu Zayd, Walid Abu Bakr. What are the major factors hindering small business’s success ?. [Journal of Financial and Commercial Research] Vol. 19, no. 1 (2018), pp.77-87.
https://search.emarefa.net/detail/BIM-931376

American Medical Association (AMA)

Abu Zayd, Walid Abu Bakr. What are the major factors hindering small business’s success ?. [Journal of Financial and Commercial Research]. 2018. Vol. 19, no. 1, pp.77-87.
https://search.emarefa.net/detail/BIM-931376

Data Type

Journal Articles

Language

English

Record ID

BIM-931376