What Causes Small Business Failure - 2675 Words

Adonis Barker English 290 Erin Anthony 12/9/2014 Failure to Success The main reason for my research paper is to address how small businesses fail and ways to help them become successful. My reason for this topic is because I am majoring in Business Management and I want to receive a better understanding of why small businesses fail. I have multiple questions that I would like to research to help get the reader and I insights into what causes small business failure. Much has been written in the literature regarding reasons for small business failure, leading to confusion about those studies, as it is often difficult to define failure. Failure is a person or thing that proves unsuccessful. Success is the favorable or prosperous termination of attempts or endeavors; the accomplishment of one’s goals. There are fewer studies citing reasons for small firm success. Factors citing reasons for failure may also appear as factors affecting success according to Gaskill, VanAuken, and Manning (1993). Researching all of the causes and r easons for small businesses to fail, and also researching ways that’ll help them become successful. Focusing mainly on the ethics of the small business, the management, sufficient capital, customer service, daily income, etc. Where there is uncertainty, there is bound to be failure. It is not surprising therefore, that many new businesses fail. The questions that comes to mind is in terms of business how much capital isShow MoreRelatedAnswer Chapter 1 Entrepreneurship the d1198 Words   |  5 PagesDiscussion Questions 1. What forces have led to the boom in entrepreneurship in the United States? 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