CLC / CAPSTONE RESEARCH LITERATURE REVIEW
Literature Research Review
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SIMAN, T. J. (1993). Managing Risks in a Start-up
Business. Compleat Lawyer, 10(3), 13–16.
http://www.jstor.org/stable/23779125
Sahut, J.-M., & Peris-Ortiz, M. (2014). Small business, innovation, preneurship&searchUri=%2Faction%2FdoBasicSearch%
and entrepreneurship. Small Business Economics, 42(4), 663–668. 3FQuery%3DEntrepreneurship&ab_segments=0%2Fbas
http://www.jstor.org/stable/43552953
Retrieved from (website address): Notes from article (summarized in YOUR OWN WORDS):
https://www.jstor.org/stable/23779125?searchText=Start Risk of starting a business
+up+business&searchUri=%2Faction%2FdoBasicSearch ▪ Managing risks
%3FQuery%3DStart%2Bup%2Bbusiness&ab_segments • Rethink all your business plans.
=0%2Fbasic_search_gsv2%2Fcontrol&refreqid=fastly- • Think about how to use your resources to their
default%3Ac448a64bbf0f6559ed87d12a1fae0312 full potential.
• Think about your operational plans.
• A-swell as look at loss preventions plans.
• Think about long term financial stability.
▪ Salary protection
• Looking at levels of cash flow needed to
get profit.
• Understanding taxis and how to write off
business expenses.
https://www.jstor.org/stable/43552953?searchText=Entre The characteristics of entrepreneurship:
• Innovation, creating a business plan as well as
finding opportunities to crate profit.
ic_search_gsv2%2Fcontrol&refreqid=fastly- • Be able to create and exploit new opportunities
default%3A36fcba502d411553e81789b4b1fa3c83&seq= or resources and gain something from it.
2 • Individual promotion and and distinguishing
yourself from competitors.
Innovation + entrepreneurship
• Sourcing materials and selling at higher price
• Individual work to gain progress in the innovation
• Protecting your innovation from competitors
• More restraints when it comes to what you can do
in a small business.
• Small business has smaller profit margins
because their smaller companies.

Montanye, J. A. (2006). Entrepreneurship. The Independent
Review, 10(4), 547–569. http://www.jstor.org/stable/24562252
Reid, G. C., & Smith, J. A. (2000). What Makes a New
Business Start-up Successful? Small Business Economics, 14(3), +to+start+a+business&searchUri=%2Faction%2FdoBasi
165–182. http://www.jstor.org/stable/40229073
CLC / CAPSTONE RESEARCH LITERATURE REVIEW
https://www.jstor.org/stable/24562252?searchText=Guid
e+to+Entrepreneurship&searchUri=%2Faction%2FdoBa
sicSearch%3FQuery%3DGuide%2Bto%2BEntrepreneur
ship&ab_segments=0%2Fbasic_search_gsv2%2Fcontro
l&refreqid=fastly-
default%3Af06705b9cf3ee2a97254c330794e013b&seq=
3 • They bring wealth to the community as well as the
https://www.jstor.org/stable/40229073?searchText=How
cSearch%3FQuery%3DHow%2Bto%2Bstart%2Ba%2Bb
usiness&ab_segments=0%2Fbasic_search_gsv2%2Fco
ntrol&refreqid=fastly-
default%3Aa022ce570982bd13513f323932fdc755
Entrepreneurship:
• Entrepreneur = a person who is creating or
undertaking a project
• Also means someone who is self-employed.
• Crashing a new idea or innovating.
• Wanting to gain consumers.
economy.
• Persuasion of costumers and pitching yourself to
customers
• Entrepreneurship can help you live a comfortable
life and gaining profit from your invention.
Performance criteria:
1. Employment growth
• Growth in amount of jobs
2. Return on capital employed.
• Is a way to determine the profitability of a
company through financial ratios.
3. Labour productivity
• Labour per hour of profit
▪ There are different categories for performance
consisting of high, medium, low.
The data:
▪ Determining new small business average lifespan
▪ Collected data from interviews with the business
owners.
• They covered the topics of agenda, human
capital, organization, and technical

ONIANS, R. (1995). Making small fortunes: success factors in
starting a business. RSA Journal, 143(5459), 20–32.
http://www.jstor.org/stable/41376732
Burch, S. (2018). Small Businesses and Sustainability
Innovation: Confronting the Gap between Motivation and
Capacity. Centre for International Governance Innovation.
http://www.jstor.org/stable/resrep17322
CLC / CAPSTONE RESEARCH LITERATURE REVIEW
https://www.jstor.org/stable/41376732?searchText=Start
+up+business&searchUri=%2Faction%2FdoBasicSearch
%3FQuery%3DStart%2Bup%2Bbusiness&ab_segments
=0%2Fbasic_search_gsv2%2Fcontrol&refreqid=fastly-
default%3A0ca93cf39cab5a679f2e02daf7c03d9c
https://www.jstor.org/stable/resrep17322?searchText=bu
siness&searchUri=%2Faction%2FdoBasicSearch%3FQu
ery%3Dbusiness&ab_segments=0%2Fbasic_search_gs
v2%2Fcontrol&refreqid=fastly-
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change.
▪ There was also a focus on business strategy.
▪ They found that there was an 81% of all business
continued to stay open for the first two years.
▪ Overcapitalization doesn’t = success
▪ If you start out with a lot of money, you are more
likely to find success.
▪ Your goal should be to solve problems for
costumers.
▪ Larger companies need lawyer and accountants.
• To keep up with payrolls etc.
▪ You have to keep up with the market to keep the
business afloat.
▪ Staying focused on aspects of keeping up with
business creation, business growth, business
development
▪ Must track business success.
▪ Business take consistency.
▪ Create a game play and strategy.
▪ Think outside the box.
▪ Creating a sustainable business to help fight
climate change.
▪ Limiting product waste
▪ Understanding your company’s potential risks to
the environment and taking steps to avoid harm.
▪ Taking social responsibility
▪ The low cost of raw materials (getting materials
from non-sustainable sources) (sweat shops) is
not a sustainable way of sourcing materials.

Block, J. H., Kohn, K., Miller, D., & Ullrich, K. (2015).
Necessity entrepreneurship and competitive strategy. Small
Business Economics, 44(1), 37–54.
http://www.jstor.org/stable/43553035
CLC / CAPSTONE RESEARCH LITERATURE REVIEW
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+up+business&searchUri=%2Faction%2FdoBasicSearch
%3FQuery%3DStart%2Bup%2Bbusiness&ab_segments
=0%2Fbasic_search_gsv2%2Fcontrol&refreqid=fastly-
default%3A613e822100c6a75b86b5c3508645fef0
▪ Competitive strategies drives the outcome of the
business.
▪ Your start up business can help you innovate a
strategy to boost your business.
▪ You must have the contacts and investors that
what to be part of your business
▪ Using strategies to compete with other business.
• Competing prices
• Motivation
▪ Looking for opportunities to make the most money
out of your business
▪ Taking new ventures