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What barriers to growth do small firms face

Leamy, Carole (2000) What barriers to growth do small firms face. Undergraduate thesis, Dublin, National College of Ireland.

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Abstract

The object of this research study was to examine the barriers to growth that face small firms. The research also set out to focus on the State agencies and organisation that
are available to help and support small businesses, and certain factors that may be beneficial to aid the survival of start-ups or of developing businesses are also put
forward.

The research for this dissertation was conducted over a six month period and involved evaluating primary and secondary data relating to the topic. The primary data was collected through the method of postal questionnaires. The questionnaire set out to test "Are there significant barriers to growth facing small firms in Ireland". From the thirty firms that were sent questionnaires, twenty-two replies were returned representing a response rate of 73.3%. The individuals who replied were very eager to assist in the research, gave freely of their time and were open with their opinions.

The outcome of the questionnaire identified four critical factors that act as barriers to growth for small firms. These are as follows:
- Small firms suffer from a lack of knowledge concerning the different support mechanisms that are provided by State agencies and organisations.
- Finance acts as a barrier to growth especially interest rates and asset backing or personal guarantees that may be needed to secure a loan.
- Small firms are not familiar with the importance of business planning.
- The implementation of labour legislation by employers acts as a barrier to growth.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HD Industries. Land use. Labor > Small Business Sector
Divisions: School of Business > BA (Honours) in European Business and Languages
Depositing User: Aisling Gorby
Date Deposited: 18 Apr 2010 10:28
Last Modified: 03 Dec 2014 12:44
URI: http://trap.ncirl.ie/id/eprint/101

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