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Die ontleding van kleinsakemislukkings

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dc.contributor.author Kruger DJ en
dc.date.accessioned 2016-09-22T07:16:37Z
dc.date.available 2016-09-22T07:16:37Z
dc.date.created 1993 en
dc.date.submitted 1995 en
dc.identifier.uri http://hdl.handle.net/20.500.11892/10128
dc.description.abstract The purpose of the study was to analyze the causes of small business failures and to determine the major problems which attribute to failure in each stage of the life cycle. The determination of the business failure rate and personal characteristics which lead to small business failures, is an important part of the study. The information required to achieve the stated objectives, was collected by means of personal interviews and structured questionnaires. A total of 42 small business owners in the geographical area of Secunda and Bethal took part in the study. The telephone directory was used as a sampling frame for the group of 30 small businesses selected from the list. A purposive sample of 12 unsuccessful small business owners was used for analyzing small business failures. Small business owners who have failed, have certain personal characteristics in common. When these characteristics interact with certain managerial deficiencies and contingency factors, businesses cease to trade. The contingency factors are related to the stages in the life cycle of the business which require a shift in abilities and skills from one stage to the next. Small business problems and symptoms of failure occur when these requirements cannot be met by the small business owner. The results of the research indicate that actual causes of small business failures are the owner's incompetence, lack of business experience and lack of business knowledge in major activities such as finance and marketing. The major pitfalls are the failure of the small business owner to improve his personal and managerial skills, inadequate planning and undercapitalization. The major problems facing the small business owners are inadequate planning in the entrepreneurial stage, financing the business in the start-up stage, lack of capital in the growth stage and severe competition in the maturity stage. The failures are highest among small businesses with less than 20 employees, in the 3-to-5 year old age bracket in the retail, service and construction industries. A strategy for success was recommended for each entrepreneur before starting and managing a small business. Firstly, the entrepreneur must execute a self-assessment of his entrepreneurial potential and personal objectives. Secondly, gain prerequisite basic education in the major business activities, learn about what really causes businesses to succeed or fail, and about the importance of management skills necessary at the different stages of the life cycle. Thirdly, in preparation, gain approximately 2 years of experience in an industry or type of business. en
dc.language Afrikaans en
dc.subject Business administration / Business leadership en
dc.subject Business management and policy en
dc.title Die ontleding van kleinsakemislukkings en
dc.type Masters degree en
dc.description.degree MBA en

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