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60550

What are the major factors hindering small business’s success?

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Last updated: 24 Dec 2024

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Abstract

There is no more puzzling or better studied issue in the field of small business than what causes them to fail. Given the critical role of small businesses in the economy, the economic consequences of failure can be significant. Yet there is no definitive answer to the question. Success in business is never automatic. It isn't strictly based on luck. It depends primarily on the owner's foresight and organization. Even then, of course, there are no guarantees. Starting a small business is always risky, and the chance of success is inadequate. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first year and 95% fail within the first five years.

DOI

10.21608/jsst.2018.60550

Authors

First Name

Walid

Last Name

Aboubakr Abouzeid

MiddleName

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Affiliation

WalidAboubakrAbouzeid PhD in Management

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Volume

19

Article Issue

العدد الأول

Related Issue

9154

Issue Date

2018-01-01

Receive Date

2019-11-20

Publish Date

2018-01-01

Page Start

77

Page End

87

Print ISSN

2090-5327

Online ISSN

2682-3543

Article File

JSST_Volume 19_Issue العدد الأول_Pages 77-87.pdf

PDF . 323.9kB

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https://jsst.journals.ekb.eg/article_60550.html

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https://jsst.journals.ekb.eg/service?article_code=60550

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4

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المقالة الأصلية

Type Code

1,048

Publication Type

Journal

Publication Title

مجلة البحوث المالية والتجارية

Publication Link

https://jsst.journals.ekb.eg/

MainTitle

What are the major factors hindering small business’s success?

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Article

Created At

22 Jan 2023