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Financial Sustainability Strategies Used by Small Retail Business Owners.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Financial Sustainability Strategies Used by Small Retail Business Owners./
Author:	Albert, Doreen.
Description:	1 online resource (124 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-02, Section: A.
Contained By:	Dissertations Abstracts International85-02A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798379972509

Financial Sustainability Strategies Used by Small Retail Business Owners.
Albert, Doreen.

Financial Sustainability Strategies Used by Small Retail Business Owners. - 1 online resource (124 pages)

Source: Dissertations Abstracts International, Volume: 85-02, Section: A.

Thesis (D.B.A.)--Walden University, 2023.

Includes bibliographical references

Small retail business owners who lack an understanding of proper financial sustainability strategies often struggle with business success. Grounded in resource-based based view theory, the purpose of this qualitative multiple-case study was to explore the financial sustainability strategies some small retail business owners used to sustain their businesses for the first 5 years or longer. The participants consisted of five small retail business owners in New York. The data were collected using six semistructured interview questions and cash flow statements. A thematic analysis was used to analyze the data in which four themes emerged: (a) human capital, (b) professional consultancy, (c) monitoring inventory, and (d) customer retention. A key recommendation is for small business owners to use their human capital as the main asset to achieve sustainability and economic growth. The implications for positive social change include the potential for job creation, higher tax revenues, and less reliance on the government to provide services beneficial to the community through revenue generated from taxes.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798379972509Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Small retail business ownersIndex Terms--Genre/Form:

554714
Electronic books.

Financial Sustainability Strategies Used by Small Retail Business Owners.
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520 $a Small retail business owners who lack an understanding of proper financial sustainability strategies often struggle with business success. Grounded in resource-based based view theory, the purpose of this qualitative multiple-case study was to explore the financial sustainability strategies some small retail business owners used to sustain their businesses for the first 5 years or longer. The participants consisted of five small retail business owners in New York. The data were collected using six semistructured interview questions and cash flow statements. A thematic analysis was used to analyze the data in which four themes emerged: (a) human capital, (b) professional consultancy, (c) monitoring inventory, and (d) customer retention. A key recommendation is for small business owners to use their human capital as the main asset to achieve sustainability and economic growth. The implications for positive social change include the potential for job creation, higher tax revenues, and less reliance on the government to provide services beneficial to the community through revenue generated from taxes.
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653 $a Professional consultancy
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653 $a Cash flow statements
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