Walden University Week 6 Discussion Answer: Alignment within Qualitative Study
Description of the Key ComponentAn estimated 400,687 small-business owners in the United States failed in 2013 and had to close their businesses (SBA, 2016).
Fifty percent of small-business owners close their small businesses by the 5th year, and only one-third of small business startups survive ten years (Small Business and Entrepreneurial Council, 2016).
The general business problem is that some individuals embark on small business initiatives without adequate preparation or information.
The specific business problem is that some small-business owners lack the skills, knowledge, and strategies to succeed in business beyond five years (Neumark, Wall, & Junfu, 2011).
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