Authors: Amarjit Gill; Nahum Biger; Vivek Nagpal
Addresses: College of Business Administration, TUI University, 5665 Plaza Drive, CA 90630, USA ' Academic Center Carmel, Shaar Palmer 4, Haifa, 33031, Israel ' Technical Support Group (NLMA), Government of India, 10 Jam Nagar House, New Delhi – 110011, India
Abstract: This paper seeks to extend the studies of Hatala (2005) and Choo and Wong (2006) related to the barriers to new venture creations. Individuals from Canada were surveyed to find out the barriers to small business creations. This study utilised survey research (a non-experimental field study design). Results show that lack of capital, lack of skills, perception on capital losses, lack of confidence and compliance costs create barriers to start-up a small business in Canada. This paper offers useful insights for the Canadian Government and investment advisors based on empirical evidence.
Keywords: financial capital; skill shortages; capital losses; confidence; compliant costs; Canada; North America; new business ventures; John-Paul Hatala; Stephen Choo; Melvin Wong; business barriers; government advisors; investment advisors; small and medium-sized enterprises; SMEs; entrepreneurs; entrepreneurship.
International Journal of Entrepreneurship and Small Business, 2011 Vol.14 No.2, pp.245 - 257
Received: 08 May 2021
Accepted: 12 May 2021
Published online: 28 Sep 2011 *