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Small Business Failure Essay

697 words - 3 pages

“A Study of Small Business Failure”

Presented To:
Dr. Roosevelt Ratliff, Jr.
Action Research Facilitator

By
Shanika Williams
ORGANIZATIONAL MANAGEMENT
Cohort #34

In Partial Fulfillment of the Requirements
For the Degree of Bachelor of Science

TABLE OF CONTENTS

I. INTRODUCTION…………………………………………………………………3
Description of the Problem………………………………………………………..…4
The Purpose of the Research…………………………………………………………7
The History, Setting, and Background of the Problem……………………………….8
Scope of the Research…………………………………………………………………9
Importance/Significance of the Research…………………………………………….10
Definition of Terms……………………………………………………………………12
II. REVIEW OF THE ...view middle of the document...

Entrepreneurship is linked to creation of jobs, increases in productivity, and improvements of living standards, and to economic growth in the United States. Small businesses help create new jobs, introduce new products and provide specialized expertise to large corporations.
Determining why most businesses fail can be a helpful when identifying a decline phase of a business. Small firm performance has been studied from a variety of approaches to better understand why some businesses fail and why others succeed. Some researchers classify business failures as a general lack of success. Many of those businesses that cite economic factors as a reason for failure indicate that a lack of profits is the primary reason. Business failure can be avoided by good management and planning. By having a weakness in any of these will certainly be a strain on the business and it will only be a matter of time before you achieve business failure. The author hypothesizes that there are many causes for business failure, but when recognized early and implemented, can lead to a successful small business.
By failing to recognize the early warning signs of...

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