The pilot project aims to investigate the failure of small businesses within the food industry and provide methods of enhancing competitiveness of small business owners and starters within the rural food sector in North East Wales.
This pilot project will identify methods in which to test a model that will contribute to enhancing managerial skills of small business starters and owners and minimise small business failures in the food sector. Previous research indicates that approximately half of small businesses close during their first year of operation, with the majority of small businesses failing within the first five years. Most of the failures happen because a lack of managerial skills leads to insufficient cash inflows. This project will research and address the causes.
- Funding amount:
- Funding source:
LEADER Local Development Fund
Welsh Cooperation Projects
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