CONTRIBUTION FROM THE FIELD OF FAMILY BUSINESS TO BUSINESS INCUBATORS, MICRO AND SMALL ENTERPRISES

  • Yolanda Saldaña Faculty of Accounting and Management, Universidad Autónoma de Coahuila
  • Fernando Miguel Ruiz Faculty of Accounting and Management, Universidad Autónoma de Coahuila
  • Laura Leticia Gaona Faculty of Accounting and Management, Universidad Autónoma de Coahuila
  • Juan Jesús Nahuat Faculty of Accounting and Management, Universidad Autónoma de Coahuila
  • Kelly Alejandra Muñoz Universidad Autónoma de Coahuila,
DOI: https://doi.org/10.12955/cbup.v5.960
Keywords: Family business, business incubators, micro and small enterprises

Abstract

Most micro and small businesses start as family businesses, as they start from family savings as their main source of financing. However, the methodology used to incubate businesses in Mexico does not include tools to effectively manage family influence. This paper outlines the reasons why government agencies that allocate federal resources for business incubation should incorporate such tools into their methodologies. A documentary and a field investigation were carried out. The results show the tendency to start a business with family savings and therefore, with family interference. Likewise, it was found that newly created businesses show a high failure rate. It concludes the need to include in the methodologies used by business incubators in Mexico tools and knowledge in the field of family business. This, with the purpose of contributing towards the increase in the length of time that new companies last and the consolidation of existing micro and small enterprises in Mexico.

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Published
2017-09-23
Issue
Vol 5 (2017): CBU International Conference Proceedings 2017
Section
Economics and Business
Copyright (c) 2017 Yolanda Saldaña, Fernando Miguel Ruiz, Laura Leticia Gaona, Juan Jesús Nahuat, Kelly Alejandra Muñoz

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