Essays on Factors That Determine the Investment Readiness for Growth of Small Medium Enterprises Coursework

Download full paperFile format: .doc, available for editing

The paper "Factors That Determine the Investment Readiness for Growth of Small Medium Enterprises" is a great example of finance and accounting coursework.   According to the Australia Bureau of Statistics (ABS 2010), Small and Medium Enterprises (SME’ s) are businesses with a capacity of employees between 1 and100. These businesses are independently owned and operated by a single individual or a collective group of individuals. The owners or management of these businesses control 90%-100% of the entire operations as they are the main contributors to part or all of the operating capital. Critical decision-making relating to any aspects of the businesses are made by the management as they control the highest stake of the business. Small-medium enterprises comprise 29.2% (622,832) with an annual growth rate of 3.5% of the entire business service providers in the Australian market (ABS, 2010).

These figures show that enterprises play a key role in the Australian economic sector as they control a relatively huge stake. These enterprises are mostly found in the service industry, and they provide services ranging from construction, retail trade, manufacturing to personal services, health and community services, accommodation and restaurants among others.

According to Peacock (2004 p. 8-15), SME’ s contribute to most of the regional development estimated at 39% as most of the enterprises operate in regional Australia. These industries enhance the economy by creating more opportunities for women with one-thirds of the businesses being operated and managed by women. As much as SME’ s have been recognized for contributing largely to the growth and sustainability of the economy, these enterprises are constantly faced with difficulties as compared to large companies when sourcing for increased funds to either start or develop their businesses further.

This situation has been experienced due to the growth of several bottlenecks that limit their financing. This study, therefore, seeks to identify and examine the factors that determine the investment readiness of growth of small-medium enterprises through the integration of changes that could be undertaken by the Australian government and the finance sector to overcome problems faced by the enterprises in acquiring investment capital for growth.

REFERENCES

Australian Bureau of Statistics,2010, Small and Medium Enterprises, (Accessed: 16thOctober 2012)[http://agencysearch.australia.gov.au/s/search.html?collection=agencies&form=simple&profile=abs&query=small%20and%20medium%20enterprises]

Bolton, B & Thompson, J 2000,Entrepreneurs–talent, temperament, technique.

Butterworth Heinneman: Oxford

Bridge, S, O’Neill, K &Cromie S 1998,Understanding enterprise, entrepreneurship

and small business. London: Macmillan.

Carter, S & Jones-Evans, D 2000, Enterprise and small business–principles, practice

and policy. London: Prentice-Hall.

Clark, C 2008,The impact of entrepreneurs’ oral ‘pitch’ presentation skills on

business angles’ initial screening investment decisions, Venture Capital: An International Journal of Entrepreneurial Finance, Vol10, pp. 257-279.

English, J 2001,How to organize and operate a small business in Australia. 8th

edition. Allen &Unwin.

Lanza, R 2001, International business information on the web. Searcher Magazine’s

Guide to Sites and Strategies for Global Business Research. New Jersey: Cyberage Books.

Mason, C & Kwok, J 2010,Investment Readiness Programmes and Access to

Finance: A Critical Review of Design Issues.Local economy, Vol 25, pp.269

Peacock, R 2004,Understanding Small Business: practice, theory and research. 2nd

edition. Adelaide. Scarman Publishing.

Reynolds, C 2002, Global logic–the challenge of globalization for South East Asian

business. Singapore: Prentice Hall.

Still, L 1990,Enterprising women: Australian women managers and entrepreneurs.

Sydney: Allen and Unwin.

Stokes, D 2002, Small business management. 4th edition. London: Oxford

Van Auken, H 2001, Financing small technology-based companies: the relationship

between familiarity with capital and ability to price and negotiate investment, Journal of Small Business Management,Vol.39, no.3, pp.240-358.

Download full paperFile format: .doc, available for editing
Contact Us