The purpose of this study is to investigate characteristics of Small Businessmen and analyze the Factors which have impact on the success of the Small Businesses.
After economic crisis in 1997 Korean government introduced Small and Medium Business De...
The purpose of this study is to investigate characteristics of Small Businessmen and analyze the Factors which have impact on the success of the Small Businesses.
After economic crisis in 1997 Korean government introduced Small and Medium Business Development Center(hereafter, SBDC). The major task of SBDC is to help those, who want to start-up their own small businesses in many areas such as management skill, experience, information, and technology.
In order to test research hypotheses, data were collected through surveys administered to 200 small businessmen. One hundred five usable data were used for the analysis.
The findings of this study are as follows :
First, product differentiation has a positive impact on the success of the Small Businesses.
Second, Job satisfaction produce a positive effect on the success of the Small Businesses.
Third, Implementation of the success factors is positively related to the success of the Small Businesses.
Fourth, Women are more satisfied with the success of the Small Businesses than men.
Fifth, Marketing costs have a positive influence on the success of the Small Businesses.
In short, the findings of this research should be beneficial to marketing practitioners and Small Businessmen in developing effective marketing strategies.