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The small business owner and manager forms a part of the required labor pool. In this context, the skilled labor factor is closely related to individual characteristics of intelligence and knowledge. 4. The fourth factor essential to the success of family owned businesses and small business enterprise generally is the availability of venture capital (Kets de Vries, 1993, pp. 59 71). Insufficient capital is the number one reason for the failure of small business enterprise. The significance of sufficient capitalization for small business firms cannot be overemphasized. Small Family Owned Business Management The typical writing on small business activity indicates that the individual characteristics required for success are ability, education, and a willingness to take risks (Kets de Vries, 1993, pp. 59 71). Risk taking is often said to be absent in the individual who seeks a career in a large corporation; however, in actual fact, it is simply the nature of the risks involved that are different. The following list of characteristics includes those that an owner manager of as family owned business firm, a small business owner, or an entrepreneur should possess. The fact that the same characteristics would serve an individual well within a large organization does not diminish their value to the owner manager of a family owned business, a small business owner, or an entrepreneur. 1. The first of the characteristics is daring (Dumas, 1992, pp. 41 55).
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uency quality impact. In Gray, W. A., and Gray, M. M. (Eds.). Mentoring: Aid to excellence in career development, business and the professions. (2nd ed.). Vancouver, British Columbia: University of British Columbia, pp. 44 51.
Anderson, E. M., & Shannon, A. L. (1988). Mentoring. Journal of Teacher Education, 39(1), 38 42.
Angle, H. L., & Perry, J. L. (1986). Dual commitment and labor management relationship climates. Academy of Management Journal, 26, 31 56.
Aronoff, Craig E., & Ward, John L. (Eds.). (1991). Family business sourcebook. Detroit: Omnigraphics, Inc.
Bales, Robert F. (1988). A new overview of the SYMLOG system. In Polley, R. B., Hare, A. P., & Stone, P. J. The SYMLOG practitioner. New York: Praeger Publishers, pp. 319 344.
Bales, Robert F., & Cohen, Stephen P. (1979). SYMLOG: A system for the multiple level observation of groups. New York: The Free Press.
Bales, Robert F., Cohen, Stephen P., & Williamson, Stephen A. (1979). SYMLOG: A system for the multiple level observation of groups. New York: The Free Press.
Bales, Robert F., & Isenberg, D. J. (1982). SYMLOG and leadership theory. In Hunt, J. G., Sekaran, U., & Schriesheim, C. A. Leadership beyond establishment views. Carbondale, Illinois: Southern Illi
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Synthesis Literature, Apple Computer, Business Management, , Management Studies, Journal Psychology, Organizational Dynamics, Srivastava Ramani, Isolabella Maria, Company Meulemann, ed york, journal management, journal management studies, management studies, dumas 1992, pp 41 55, 1992 pp 41 55, 2nd ed, dumas 1992 pp, 1992 pp, family owned business, publishing company, 1993 pp, york mcgraw hill book, york free press,
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