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Small business start‐ups: success factors and support implications

Kathryn Watson (University of Bradford Management Centre, Bradford, UK)
Sandra Hogarth‐Scott (University of Bradford Management Centre, Bradford, UK)
Nicholas Wilson (Leeds University Business School, Leeds, UK)

International Journal of Entrepreneurial Behavior & Research

ISSN: 1355-2554

Article publication date: 1 December 1998

19060

Abstract

This empirical study investigates the characteristics of a cohort of 166 small businesses which were set up during a period of recession by founders, all of whom had experienced a period of unemployment prior to start‐up. These new ventures were appraised and supported by their local Training & Enterprise Council (TEC) prior to start‐up and in their formative months. This paper analyses the appropriateness and success of support services in the light of an empirical investigation of the factors which appear to impact on survival/failure and growth prospects of surveyed businesses. Comparisons are made between those businesses which are still trading and those which have ceased trading and between businesses with high and low growth expectations. Factors which are investigated include the founders’ personal background and experience; reasons put forward for start‐up; early problems encountered in running a business; business objectives and expectations.

Keywords

Citation

Watson, K., Hogarth‐Scott, S. and Wilson, N. (1998), "Small business start‐ups: success factors and support implications", International Journal of Entrepreneurial Behavior & Research, Vol. 4 No. 3, pp. 217-238. https://doi.org/10.1108/13552559810235510

Publisher

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MCB UP Ltd

Copyright © 1998, MCB UP Limited

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