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Educating Bootstrapping: Financial decision making processes in Create Business Incubator
Mälardalen University, School of Sustainable Development of Society and Technology.
Mälardalen University, School of Sustainable Development of Society and Technology.
2009 (English)Independent thesis Advanced level (degree of Master (One Year)), 15 credits / 22,5 HE creditsStudent thesis
Abstract [en]

Recently, small businesses have attracted much attention from scholars and businessmen, since the significance of these businesses estimated essential in rapid changing business environment from the perspective of wealth and job creation. Simultaneously, it is well known that most infant entrepreneurs are constrained by shortage of financial resource for development and growth of their business. Some entrepreneurs carry out the need for resources by applying the particular methods of financial bootstrapping. Therefore, a number of researches have been conducted in order to define characteristics of bootstrapping and to analysis how it effects to financial decision making process of entrepreneurs.

Under specific constrains and difficulties, the majority of the start-ups gain financial capital for business establishment from family funds and other informal sources based on personal contacts. Being directly connected with bootstrapping, financial decision making also must be implemented efficiently in the start-up phase of the company. Practically, the majority of nascent entrepreneurs face the lack knowledge about financing of small business frequently. Thus, the study of bootstrapping methods and the exploration of the factors, that effect decision making process, is important for both researchers and entrepreneurs.

The regarding thesis, in turn, examines bootstrapping behavior and financial decision making processes of four different companies in the Create Business Incubator. First of all, it investigates financing, financial choice, network and learning in order to conceptualize appropriate frame for conducting the thesis work. Then, necessary hands-on information obtained by conducting certain interviews and analyzing the networking and coaching circumstances of the Incubator. Consequently, after analyzing the characteristics of business and entrepreneurs, a priori conclusion and recommendations are proposed which help to increase the financial awareness of nascent entrepreneurs in the Incubator in terms of financing small business.

Place, publisher, year, edition, pages
2009. , p. 61
Keywords [en]
Small Business, Bootstrapping, Science Park, Incubator, financing, decision making, coaching, entrepreneurial learning, networking, social capital
National Category
Business Administration
Identifiers
URN: urn:nbn:se:mdh:diva-6567OAI: oai:DiVA.org:mdh-6567DiVA, id: diva2:227163
Presentation
(English)
Uppsok

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Available from: 2009-08-26 Created: 2009-07-09 Last updated: 2009-08-26Bibliographically approved

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fulltext(1918 kB)342 downloads
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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf