Date

4-26-2024

Department

Graduate School of Business

Degree

Doctor of Business Administration (DBA)

Chair

John Halstead

Keywords

Finance, business, credit history, working capital, small business, Banking

Disciplines

Business | Entrepreneurial and Small Business Operations

Abstract

The purpose of this research was to understand how a potential failure of business owners exists and how owners use business credit. In addition, this research includes understanding how business owners obtain working capital within small businesses, resulting in the inability of small businesses to gather the necessary funds to cover the operational costs. I used a flexible design using a qualitative method to gather knowledge from current literature regarding how a lack of credit history in small businesses results in the inability of business owners to obtain working capital. I used a flexible design to identify four elements that cover the design of the research to discover how lacking and obtaining working capital for small business owners affects their credit and ability. In addition, I used flexible design to understand small business operations, the small businesses' working capital, and small business growth. I narrowed the data collection to 25 small business owners in Oneida, New York. I created a survey and a 21-interview questionnaire to gather data for analyzing results. I obtained a healthy amount of data to give an accurate sense of findings. The findings included an analysis of three research questions and, in conclusion, indicated that there was confusion about small business owners' thinking that personal credit and business credit were the same. The findings showed a need for further studies on this problem to help small business owners get the resources they need regarding their educational background in business and personal credit.

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