Finance Professors Reaction to Some Entrepreneurial and Small Business Financial Planning and Management Problem Issues

Paul Dunn, Kathleen Liang

Abstract


Discontinuances among small businesses are high. Many of these discontinuances result from poor management particularly poor financial management in new business start ups. As professors of entrepreneurship and small business we wanted to know what our colleagues in finance think small business financial planning and management. This paper presents the findings of a national survey of finance professors from 662 colleges across the U.S. about financial planning and management for small businesses. The results indicate that most finance professors agree with the concepts used in entrepreneurship and small business. Additional attention to small business finance seems indicated.

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 Metropolitan State University of Denver