Heed Our Advice: Exploring How Professionals Guide Small Business Owners in Start-Up Entity Choice

Blair, Eden S.; Marcum, Tanya M.

doi:10.1111/jsbm.12073

Cited by 12 publications

(15 citation statements)

References 20 publications

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“…The timing of the advice in this paper is before the founder starts their business, when most advice is sought and taken (Haughton 1993, Kösters and Obschonka 2011, Blair and Marcum 2015. In the established view taking advice reflects a perceived knowledge gap (Chrisman et al 2005).…”

Section: The 'Stickiness' Of New Firm Formation Rates and Entrepreneumentioning

confidence: 99%

Take-up and variation of advice for new firm founders in different local contexts

Mole

Capelleras

2017

Environment and Planning C: Politics and Space

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Although business advice has been linked to entrepreneurial outcomes, it is subject to information asymmetries and market failure. We argue that the knowledge concerning from whom to take advice before starting a new firm is more easily accessed in areas with high start-up rates which therefore ameliorates market failure. The study is based on surveys of 599 new firm founders in England and 381 new firm founders in Catalonia. A series of probit and heteroskedastic probit models are employed to investigate not only the probability of taking advice but also the variance in that probability, which reflects uncertainty. Supporting our view, the findings show that the taking of advice in the places with higher start-up rates exhibit less variation compared to other localities. We also find differing effects of place on the take up and variation of private sector and public sector advice. Implications from the findings are discussed

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Section: The 'Stickiness' Of New Firm Formation Rates and Entrepreneumentioning

confidence: 99%

Take-up and variation of advice for new firm founders in different local contexts

Mole

Capelleras

2017

Environment and Planning C: Politics and Space

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“…The term 'private equity' is the most commonly recognised, although it is less known to the respondents in practice (54.5% and 1%, respectively). The institution of 'stock exchange' as such can be correctly defined by only 20% of those surveyed, who also tend to recognise the NewConnect alternative trading platform, launched in 2007 and primarily intended for SMEs, more frequently than the primary market (IPO) (see also: [17] (pp. 249-265); [18] (pp.…”

Section: Resultsmentioning

confidence: 99%

Alternative Sources of Financing for SMEs in Poland in the Light of Empirical Research

Małecka¹

2018

The 2nd Entrepreneurship and Family Enterprise Research International Conference

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The dynamic economic development supported by progressive globalisation can be observed in every EU country. It would, therefore, seem that financial market instruments are not only known to, but also used by, the managers of SME’s (99% of all Polish businesses). It would seem that SME should all the more penetrate the financial market in search of thus far unseized subsidising opportunities. The article presents the results of the author’s own research concerning the respondents’ perception of capital market instruments, and defines the potential of companies with a legal status which enables them to establish cooperation with the key capital market institution in Poland (based on the responses of 400 persons representing various branches of entrepreneurship in the Wielkopolska region).

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“…Business advice, and the role it can play in supporting entrepreneurs, has received considerable scholarly attention in recent decades. Previous research has examined a variety of advisor types (Bennett and Robson, 1999), ranging from informal advisors such as family friends (Strike, 2013) to professionalised advisors such as consultants (Lambrecht and Pirnay, 2005; Schwartz and Bar-El, 2004), business function specialists (Blair and Marcum, 2015; Gooderham et al, 2004) and board members (Bennett and Robson, 2004; Clarysse et al, 2007). The proliferation of policy-driven enterprise support has, however, given rise to a distinctive form of advisory professional: the public sector business advisor (PSBA) (Malone, 2012; Mole, 2000).…”

Section: Introductionmentioning

confidence: 99%

The hidden price of free advice: Negotiating the paradoxes of public sector business advising

Arshed

Knox

Chalmers

et al. 2020

International Small Business Journal

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Business advisors working in publicly funded enterprise agencies encounter a range of tensions as part of their everyday work. These tensions subtly shape how they provide advice and can lead to variability in how enterprise policy is delivered on the ground. We explore the competing demands facing advisors by inductively analysing advice-giving practices in public sector enterprise agencies. We find three overarching drivers of advisor role tension, including institutional demands, client demands and intrinsic demands; additionally, a further seven discrete work tactics advisors deploy to navigate these tensions are analysed. From our findings, we develop a theoretical model that advances a dynamic understanding of public sector business advice. We conclude by reflecting on the structural issues with public sector advising that might constrain the efficacy of advisors.

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Heed Our Advice: Exploring How Professionals Guide Small Business Owners in Start-Up Entity Choice

Cited by 12 publications

References 20 publications

Take-up and variation of advice for new firm founders in different local contexts

Take-up and variation of advice for new firm founders in different local contexts

Alternative Sources of Financing for SMEs in Poland in the Light of Empirical Research

The hidden price of free advice: Negotiating the paradoxes of public sector business advising

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