Starting A Small Business Venture

Paper Summary:

This study examines the structure of small businesses in an attempt to ascertain what is needed to start a small business and what the key success factors are for the maintenance of a small business within the United States and abroad. In doing so, this study also attempts to identify common factors among businesses that have failed in order to identify an appropriate methodology for defining what factors make a small business successful vs. unsuccessful.

Purpose/Aim of Study
Significance of Study
Prior Research
Methodology
Data and Information
Conclusion/Recommendations

From the Paper:

"Small businesses have been considered the mainstay in countries around the world. In many European countries for example, the small business has been considered crucial to the success and flourishment of the country in general. Most individuals embark upon a small business venture in the hopes of realizing ownership, independent profits and personal success. Small businesses can prove extremely successful when planned properly. Studies suggest that several small businesses however, close or fail within the first few years of operation. This failure suggests that a majority of small business owners may not have as yet realized the crucial success factors necessary for successful implementation of a small business."

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