Year: 1995
Type: article
Abstract: Literature supports the idea that the difference between a successful and a failed small business is dependent upon the firm having ( or using with more efficiency) greater access 10 variables such as ( capital ...management ski//s). With a sample of 216 ma1ched pairs this study used bivariate statistics lo rest the hypothesis that successful businesses have significantly belier results for a/1 15 literature variables (p<.05 ). The rest results reveal that successful firms made significantly greater use of only two variables: professional advisors and their parents owned a business. At variance with the literature and expectations, the failed business owners had a higher level of education and experienced fewer staffing difficulties. It can be concluded that there may not be a valid and reliable set of variables that can distinguish success from failure, and that a different methodological research approach may be necessary. It can be implied that success comes from examining and understanding these variables and applying them for the specific situation at hand.
Authors: Robert N. Lussier, Joel Corman
Institutions: Springfield College, Drury University
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W2186059758