ISAR

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Navigating the Impact of Small Business Feasibility


Author: Aram Mohammed-Amin Qadir, Lecture*, Kale Jaza Hamaamin, BSc
Published Date: 2024-06-12
Keywords: Small Business Viability, Market Research, Financial Management, Operational Efficiency, Innovation, Business Strategy, Competitive Analysis, Entrepreneurial Success.
Abstract:
The aim of this study is to explore the factors influencing the viability of small businesses and to offer guidance for navigating the challenges and opportunities inherent in launching and operating these enterprises. Small businesses are pivotal to the economy, driving innovation, job creation, and community enhancement, despite facing significant obstacles in their early stages. This research investigates the elements that impact small business viability, including competitive environment, market demand, financial stability, and operational considerations. By analyzing case studies and conducting thorough examinations, the study provides insights and practical strategies for entrepreneurs and policymakers to enhance the success and sustainability of small businesses. Small businesses are indispensable to economic growth, acting as catalysts for innovation, job creation, and community development. However, many small enterprises encounter substantial challenges during their inception and growth phases. This study delves into the complexities of small business viability, elucidating the challenges and opportunities associated with establishing and sustaining these ventures. The research employs a multifaceted approach, integrating theoretical frameworks with empirical analysis to identify the determinants of small business sustainability. Key factors examined include market demand dynamics, financial sustainability, competitive positioning, and operational efficiency. Through detailed analysis of case studies across various sectors and regions, the study seeks to provide actionable insights and recommendations for policymakers and aspiring entrepreneurs. The findings aim to deepen understanding of the interplay between internal resources and external factors affecting small business viability. Furthermore, the study aims to empower stakeholders within the entrepreneurial ecosystem to foster an environment conducive to small business success. It outlines practical strategies for avoiding common pitfalls and capitalizing on emerging opportunities. Overall, the objective of this research is to serve as a comprehensive resource for government, industry, and academic stakeholders, facilitating informed decision-making and driving positive change in the small business landscape. By examining the multifaceted aspects of small business feasibility, this study endeavors to pave the way for sustainable entrepreneurship and economic growth.

Journal: ISAR Journal of Economics and Business Management
ISSN(Online): 2584-0169
Publisher: ISAR Publisher
Frequency: Monthly
Language: English

Navigating the Impact of Small Business Feasibility
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