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Creation of a step-by-step process in the pre-startup of a micro business

Author

Listed:
  • Dan-Ching Huang
  • Tzong-Ru Lee
  • Per Hilletofth
  • Ching-Kuei Kao

Abstract

his study proposes a systematic process in the pre-startup stage of establishing independent and franchised catering micro businesses. A questionnaire based on the key success factors (KSFs) affecting the establishment of a micro business was developed. Grey relational analysis (GRA) was performed to determine KSFs that can affect the start of a catering micro business, while interpretive structure modelling (ISM) was used to establish the pre-startup process. Studies show that GRA and ISM results were different in the two types of catering businesses. Therefore, business starters ought to investigate their industry of interest and determine the startup process prior to establishing their respective businesses.

Suggested Citation

  • Dan-Ching Huang & Tzong-Ru Lee & Per Hilletofth & Ching-Kuei Kao, 2016. "Creation of a step-by-step process in the pre-startup of a micro business," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 15(1), pages 43-60.
    • Handle: RePEc:ids:ijmede:v:15:y:2016:i:1:p:43-60
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    References listed on IDEAS

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    1. Michele Cranwell Schmidt & Jane M. Kolodinsky, 2007. "Microenterprise Development Program Success: A Path Analysis Of Factors That Lead To And Mediate Client Success," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 12(01), pages 47-69.
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    4. Nofsinger, John R. & Wang, Weicheng, 2011. "Determinants of start-up firm external financing worldwide," Journal of Banking & Finance, Elsevier, vol. 35(9), pages 2282-2294, September.
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