The Financing of Small Business: A Comparative Study of Male and Female Business Owners

The Financing of Small Business: A Comparative Study of Male and Female Business Owners

The Financing of Small Business: A Comparative Study of Male and Female Business Owners

The Financing of Small Business: A Comparative Study of Male and Female Business Owners

Excerpt

This book is based on research carried out for a Ph.D. thesis between October 1992 and October 1995. It reports on the experiences of eighty business owners in the UK in raising finance to start and grow their businesses. In particular it examines the complex relationship between small businesses and their banks. Interviews with the businesses were conducted in 1994, during a period of recession and great uncertainty, and only one year on from the peak in small firm failures. Anyone looking back at this period will be reminded of the frequent ‘bank bashing’ that occurred in the media. Readers should therefore bear in mind the impact of the economic climate on the findings contained in this book.

I started the research with the aim of understanding and comparing the experiences of male and female owner-managers in financing their businesses. During the course of the research, however, I found myself exploring much more than just their accounts or their bank statements. Indeed, it was a great privilege for me to be allowed an insight into the whole process of starting and running a business—the stresses and strains, balanced by the joy of making money and being your own boss. It became very apparent that the processes involved, such as raising finance or entering a new market, are not neatly compartmentalised— they are interlinked and inextricably bound into the entrepreneur’s life as a whole. Understanding small business is therefore not simply about economics, it is as much to do with understanding people, their motivations, and the environment in which they live. My training as a geo-grapher has therefore been invaluable in allowing me to look at the process of financing a business from the various perspectives, bringing together the relevant disciplines and theoretical strands to form a complete picture. I hope that, as a result, the research is able to offer valuable insights and information, not only to the financial community, but to policy makers and business owners themselves.

Author Advanced search

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.