An Empirical Study on the Factors Affecting the Success of Family Business

--Bharti Motwani

Family businesses generate wealth, offer jobs, exist for longer periods of time and thereby influence the economy significantly. People who want to build sustainable businesses face the problem of determining the factors that impact family business. This study explores the different factors affecting the success of family businesses by analyzing primary data collected through a selfstructured questionnaire designed following an extensive review of the literature on family business. The present study augments the visibility of family business research and triggers a new line of investigation.

© 2015 IUP. All Rights Reserved.

Pushed Out or Pulled In? Self-Employment Among Indigenous People

--Onkar Nath Mishra and P S Tripathi

This paper examines the decision of indigenous people to enter self-employment with special reference to Jharkhand. The indigenous people in India, better known as scheduled tribes, are aligning themselves with the mainstream population, albeit rather slowly. They are leaving their traditional way of earning livelihood and increasingly opting for both paid and self-employment. In order to better understand this trend of increasing self-employment among indigenous population and the role that entrepreneurship can play in empowering them, the researchers conducted a quantitative survey among the self-employed people from indigenous communities in Jharkhand. The study examined various motivations behind the decision to opt for self-employment and differences in motivations amongst indigenous communities across different parts of the state. The findings suggest that people from indigenous communities choose to enter self-employment when they fail to join paid employment, especially of their choice. There was spatial difference among indigenous people when it comes to positive motivation propelling self-employment.

© 2015 IUP. All Rights Reserved.

Nagaland: A Stride Towards Development Through MSMEs

--Chikhosale Thingo and Subhrangshu Sekhar Sarkar

Nagaland, located in the North-Eastern Region (NER) of India, is an industrially backward state. While it cannot be denied that the state has innate disadvantages, one can say that the Naga society has been highly dependent on central funding, having been designated a special category state from 1969 to recently. However, Nagaland, like the rest of NER, is a domain of unexplored natural resources which, if properly promoted and utilized, offer huge opportunities for investors and entrepreneurs. Keeping in mind its weaknesses as well as strengths and realizing the growing importance of entrepreneurship and Micro, Small and Medium Enterprises (MSMEs) towards economic development, efforts have been made to promote and encourage such activities in the state. The present paper is thus an attempt to study the initiatives taken by the central and state governments in India for the promotion of MSMEs in Nagaland.

© 2015 IUP. All Rights Reserved.

A Qualitative Analysis of Successful Crowdfunding Campaignsfor UK-Based Ventures

--Adekorede Olufolaji and Robert A Phillips

This study set out to understand some of the key issues involved in a successful crowdfunding campaign based on interviews with founders of several UK-based businesses that had been successful at obtaining funds via different crowdfunding models. The results show that contrary to previous research, not all companies thought their personal social media presence was important for reaching investors and it seems that many investors go direct to the crowdfunding platform to browse for opportunities. The successful companies were able to match what they had to offer in terms of benefit for investors and what help and support they thought they needed with a suitable crowdfunding model. The location of the campaign was clearly a factor for some companies who were seeking to launch their campaign near what they felt to be suitable investors, although the default was to launch a campaign locally to where the company was based to appeal to local investors.

© 2015 IUP. All Rights Reserved.