Accountancy: Faculty Publications

Small Business Critical Success Factors and the Legal Form of the Firm

Document Type

Article

Publication Date

10-1-2007

Publication Title

Journal of Business and Entrepreneurship

ISSN

1042-6337

Abstract

This study supports the concept that the legal form of small businesses may be a valuable addition to the commonly used measures of age and size as estimators of a firm's stage in its life cycle (the measure of maturity of a small business). A survey of 400 small business owners drawn from a mid-sized Texas city measured owners' perceptions of critical success factors relevant to them. Suggestions for future research are provided for additional confirmation of the incorporation step milestone in a life cycle as a determinant of a firm's perceptions of critical success factors.

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