Title: To plan or not to plan? An analysis of the impact of planning on the disbanding or growth of Brazilian start-ups
Authors: Cândido Borges; Marcos Hashimoto; Ricardo Limongi
Addresses: Faculdade de Administração, Ciências Contábeis e Ciências Econômicas, Universidade Federal de Goiás (FACE/UFG), Campus Samambaia, Caixa Postal 131, CEP 74.001-970, Goiânia, Goiás, Brazil ' Faculdade Campo Limpo Paulista (FACCAMP), Al. Santa Monica, 60, CEP 13.301-871, Itu, São Paulo, Brazil ' Faculdade de Administração, Ciências Contábeis e Ciências Econômicas, Universidade Federal de Goiás (FACE/UFG), Campus Samambaia, Caixa Postal 131, CEP 74.001-970, Goiânia, Goiás, Brazil
Abstract: This study analyses the relationship between the drawing up of plans for start-ups (under five years of age) and certain performance factors, such as survival, growth and acquiring capital. The empirical approach uses a secondary database composed of data from 1,819 Brazilian start-ups. The data was processed by multivariate analysis using three groups of variables: performance as a dependent variable, planning as an independent variable, and other demographic data as control variables. The results indicate that planning does influence the survival and growth of enterprises, particularly in terms of collecting information, time taken to plan and the entrepreneur's perception of the importance of planning. The study showed that planning has no influence on the ability to raise financial resources.
Keywords: planning; business plans; startups; startup disbanding; startup growth; business survival; Brazil; performance factors; capital acquisition; multivariate analysis; dependent variables; independent variables; demographic data; control variables; entrepreneur perceptions; financial resources; small and medium-sized enterprises; SMEs; entrepreneurs; entrepreneurship.
International Journal of Entrepreneurship and Small Business, 2013 Vol.18 No.3, pp.349 - 367
Available online: 08 Mar 2013 *Full-text access for editors Access for subscribers Purchase this article Comment on this article