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An Analysis of SME and Business Start-Up Failure in Ireland – A Way Forward?

Rajendran, Prabhu (2020) An Analysis of SME and Business Start-Up Failure in Ireland – A Way Forward? Masters thesis, Dublin, National College of Ireland.

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Abstract

Entrepreneurship and new business creation have become a global phenomenon, they boost the global economy and creates employment opportunities. However, business failure and risk in SME and startup still occur around the world. The Irish economy is developed and sustainable market, but the study on exploring the reasons for new business failure and prevention methodology is not discussed in-depth by researchers. Therefore, this paper discusses factors affecting SME and start-up business in Ireland and examines the entrepreneurial learning characteristics and opportunities that reduce the risk in small businesses. From the literature and previous studies, the researcher found four common factors affecting business are finance, business knowledge, market knowledge, and human capital. This research is grounded in the extensive information and data gathered through semi-structured interviews i.e. qualitative methodology to understand, investigate, and examine the existing learning processes and opportunities available in Ireland for entrepreneurs. Also, this research has discussed and found that continuous learning about financial management, collaborating with enterprise communities to gain knowledge, and implementing innovative ideas in every department leads to build a sustained business in Ireland.

Keywords: Start-Up, SME, New Venture Creation, Entrepreneurship, Business Failure and Risk, Entrepreneur Learning, and Business Learning.

Item Type: Thesis (Masters)
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HD Industries. Land use. Labor > Small Business Sector
Divisions: School of Business > Master of Science in International Business
Depositing User: Dan English
Date Deposited: 11 Feb 2021 12:17
Last Modified: 11 Feb 2021 12:17
URI: http://norma.ncirl.ie/id/eprint/4743

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