Critical Business Problems and Advisors


  • James R. Lowry Ball State University
  • Joseph D. Chapman Ball State University


Many  small  and  mid-size  businesses  rely  on  external  advisors  when  specific  business problems arise.  The objectives of this study are threefold: I) to determine the most serious problems encountered by small and mid-size businesses. 2) to identify the external advisors must  important  in resolving  the problems,  and  3) to determine  the amount  of time  a businessperson  spends  with these advisors.   Overall, the respondents named accountants, lawyers, bankers, family members, and trade associations as their most favored advisors. The most critical problems  identified by respondents were sales/marketing, personnel/recruiting, organization/administration, government regulations, and taxes.


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How to Cite

Critical Business Problems and Advisors. (2000). Journal of Small Business Strategy (archive Only), 11(1), 64-73.