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Perspectives of Small Entrepreneurs'...

Palmer, Wesley.

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Perspectives of Small Entrepreneurs' Inaccessibility to Capital in Brooklyn, New York.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Perspectives of Small Entrepreneurs' Inaccessibility to Capital in Brooklyn, New York./
Author:	Palmer, Wesley.
Description:	226 p.
Notes:	Source: Dissertation Abstracts International, Volume: 75-04(E), Section: A.
Contained By:	Dissertation Abstracts International75-04A(E).
Subject:	Business Administration, Management. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3604822
ISBN:	9781303607639

Perspectives of Small Entrepreneurs' Inaccessibility to Capital in Brooklyn, New York.
Palmer, Wesley.

Perspectives of Small Entrepreneurs' Inaccessibility to Capital in Brooklyn, New York. - 226 p.

Source: Dissertation Abstracts International, Volume: 75-04(E), Section: A.

Thesis (Ph.D.)--Walden University, 2013.

Many small entrepreneurs in Brooklyn, New York are unable to secure financial capital for their businesses. Entrepreneurial firms should have access to business capital because they are the leading employers in the community. The purpose of this phenomenological study was to explore the meaning of human experiences as they relate to entrepreneurs in Brooklyn, New York, who are facing financial challenges due to the inaccessibility to financial capital. This research was founded on Brigham and Ehrhardt's financial management theory. The first research question concerned the experiences and perspectives of entrepreneurs who are unable to find adequate funding for their business ventures, and the second question concerned the ways entrepreneurs experience financial hardship as a result of their inability to access capital to finance their businesses. Data were collected in the form of unstructured face-to-face interviews with 20 Brooklyn entrepreneurs using snowball and purposive sampling methods. The data analysis involved developing the salient statements of the participants' experiences into themes. Some of the themes included loan applications denial and the use of personal savings as business capital. The findings revealed that 95% of the participants found it difficult to raise capital from financial institutions, which increased the risk for business failure. This study may contribute to the existing body of literature and promote social change by encouraging leaders to build community relations and engage in community entrepreneurial mentoring programs.

ISBN: 9781303607639Subjects--Topical Terms:

626628
Business Administration, Management.

Perspectives of Small Entrepreneurs' Inaccessibility to Capital in Brooklyn, New York.
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100 1 $a Palmer, Wesley. $3 2099467
245 1 0 $a Perspectives of Small Entrepreneurs' Inaccessibility to Capital in Brooklyn, New York.
300 $a 226 p.
500 $a Source: Dissertation Abstracts International, Volume: 75-04(E), Section: A.
500 $a Adviser: Stephanie Lyncheski.
502 $a Thesis (Ph.D.)--Walden University, 2013.
520 $a Many small entrepreneurs in Brooklyn, New York are unable to secure financial capital for their businesses. Entrepreneurial firms should have access to business capital because they are the leading employers in the community. The purpose of this phenomenological study was to explore the meaning of human experiences as they relate to entrepreneurs in Brooklyn, New York, who are facing financial challenges due to the inaccessibility to financial capital. This research was founded on Brigham and Ehrhardt's financial management theory. The first research question concerned the experiences and perspectives of entrepreneurs who are unable to find adequate funding for their business ventures, and the second question concerned the ways entrepreneurs experience financial hardship as a result of their inability to access capital to finance their businesses. Data were collected in the form of unstructured face-to-face interviews with 20 Brooklyn entrepreneurs using snowball and purposive sampling methods. The data analysis involved developing the salient statements of the participants' experiences into themes. Some of the themes included loan applications denial and the use of personal savings as business capital. The findings revealed that 95% of the participants found it difficult to raise capital from financial institutions, which increased the risk for business failure. This study may contribute to the existing body of literature and promote social change by encouraging leaders to build community relations and engage in community entrepreneurial mentoring programs.
590 $a School code: 0543.
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773 0 $t Dissertation Abstracts International $g 75-04A(E).
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856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3604822