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Expansionary Processes of the Small Business: A Life Cycle Profile (1994)

Helms, Marilyn M. ; Renfrow, Troy W.

Bingley : Emerald

Management decision 32 (1994), S. 43-45

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ISSN: 0025-1747

Source: Emerald Fulltext Archive Database 1994-2005

Topics: Economics

Notes: Based on a survey of small businesses, confirms the life cycle model ofgrowth and progression. Knowledge of the life cycle stages can assistmanagement in anticipating and capitalizing on changes which every smallbusiness must face. The majority of small business respondents were inthe expansion/growth stage of development. The study also confirmed themajor components found within this development stage: ownership,activity of sales; market share; capital assets/equipment; andfinancing. Advice from outside sources, in particular from accountantsand/or CPAs, was also found to support an increase in small businesssales.

Type of Medium: Electronic Resource

URL: http://dx.doi.org/10.1108/00251749410071621

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