Chapter 7: The Life Cycle of Small Business, Part 1: “Spawning”
In this chapter, we focus on the life cycle of small businesses. A key question is: what is the role of experience and formal learning in the founding of small businesses? In particular, is the probability of a start-up, and the success of the start-up, influenced by earlier employment in larger businesses? What sort of businesses are most likely to “spawn” small-business start-ups…