There Are Few Differences Between Successful and Failed Small Businesses

Authors

  • Robert N. Lussier Springfield College
  • Joel Corman Suffolf University

Abstract

Literature supports the idea that the difference between a successful and a failed small business is dependent upon the firm having ( or using with more efficiency) greater access 10 variables such as ( capital ...management ski//s). With a sample of 216  ma1ched pairs this study used bivariate statistics lo rest the hypothesis that successful businesses have significantly belier results for a/1 15 literature variables (p<.05 ). The rest results reveal that successful firms made significantly greater use of only two variables: professional advisors and their parents owned a business. At variance with the literature and expectations, the failed business owners had a higher level of education and experienced fewer staffing difficulties. It can be concluded that there may not be a valid and reliable set of variables that can distinguish success from failure, and that a different methodological research approach may be necessary. It can be implied that success comes from examining and understanding these variables and applying them for the specific situation at hand.

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Published

1995-01-10

How to Cite

Lussier, R. N., & Corman, J. (1995). There Are Few Differences Between Successful and Failed Small Businesses. Journal of Small Business Strategy, 6(1), 21-34. Retrieved from https://libjournals.mtsu.edu/index.php/jsbs/article/view/304

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