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Full-Text Articles in Business
Strategies To Obtain Loans For Black-Owned Small Businesses, Trenessa Baker
Strategies To Obtain Loans For Black-Owned Small Businesses, Trenessa Baker
Walden Dissertations and Doctoral Studies
Less than 30% of Black business owners successfully obtain small business loans to sustain their businesses longer than 5 years when compared to evidence that shows that more than 65% of White small business owners obtain small business loans to sustain their businesses longer than 5 years. The purpose of this multiple case study was to explore the experiences of 3 Black owners of small businesses who successfully obtained small business loans and maintained operations longer than 5 years in the Research Triangle Park area of North Carolina. The conceptual framework for this study was systems theory and contingency theory. …
Success Strategies For Small Service Business Owners, Diana Ratcliff
Success Strategies For Small Service Business Owners, Diana Ratcliff
Walden Dissertations and Doctoral Studies
Small business owners struggle to sustain their businesses over time. According to U.S. Census data in 2014, only half of all small businesses survived beyond the first 5 years of operation, and only a third survived longer than 10 years. Grounded with the strategic contingency theory, the purpose of this multiple case study was to explore strategies small service business owners used to succeed beyond the first 5 years of operation. The target population consisted of 4 owners of small service and retail businesses in Arlington, VA, with fewer than 50 employees who have succeeded in business longer than 5 …