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Small Business Owners' Financing Strategies for Remaining Operational Beyond 5 Years.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Small Business Owners' Financing Strategies for Remaining Operational Beyond 5 Years./
Author:	Brown, Kenneth M.
Description:	1 online resource (109 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-11, Section: A.
Contained By:	Dissertations Abstracts International85-11A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798382597591

Small Business Owners' Financing Strategies for Remaining Operational Beyond 5 Years.
Brown, Kenneth M.

Small Business Owners' Financing Strategies for Remaining Operational Beyond 5 Years. - 1 online resource (109 pages)

Source: Dissertations Abstracts International, Volume: 85-11, Section: A.

Thesis (D.B.A.)--Walden University, 2024.

Includes bibliographical references

Small business owners are concerned with financing their organizations to remain operational beyond 5 years, as 50% of small businesses fail before reaching 5 years of operations. Grounded in the pecking order theory, the purpose of this qualitative pragmatic inquiry was to identify and explore financing strategies that six small business restaurant owners in the central Florida area of the United States use to remain operational beyond 5 years. Data were collected using semistructured interviews, public financial and annual reports, archival mission and vision statements, and the local Chamber of Commerce website. Through thematic analysis, three themes were identified: (a) reliance on internal financing, (b) limited use of debt, and (c) the role of equity financing. A key recommendation is for small business restaurant owners to consider setting annual financial growth objectives based on their current financial position to ensure they limit external financial funding needs. The implications for positive social change include the potential for restaurant owners to uplift their socioeconomic status and offer enhanced services to their respective communities.

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

Mode of access: World Wide Web

ISBN: 9798382597591Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Small business ownersIndex Terms--Genre/Form:

554714
Electronic books.

Small Business Owners' Financing Strategies for Remaining Operational Beyond 5 Years.
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520 $a Small business owners are concerned with financing their organizations to remain operational beyond 5 years, as 50% of small businesses fail before reaching 5 years of operations. Grounded in the pecking order theory, the purpose of this qualitative pragmatic inquiry was to identify and explore financing strategies that six small business restaurant owners in the central Florida area of the United States use to remain operational beyond 5 years. Data were collected using semistructured interviews, public financial and annual reports, archival mission and vision statements, and the local Chamber of Commerce website. Through thematic analysis, three themes were identified: (a) reliance on internal financing, (b) limited use of debt, and (c) the role of equity financing. A key recommendation is for small business restaurant owners to consider setting annual financial growth objectives based on their current financial position to ensure they limit external financial funding needs. The implications for positive social change include the potential for restaurant owners to uplift their socioeconomic status and offer enhanced services to their respective communities.
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653 $a Financial funding
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