Journal of Emerging Trends in Economics and Management Sciences: Home

Abstract:
To set the economy back on track and generating potential jobs, Saudi Arabia needs a strong and vibrant small business community. The ability of entrepreneurs is to participate in economic recovery by exploiting new opportunities, growing their businesses, and creating jobs are the ability to access capital. Current study aims to find the relationship between Small Business Administration (SBA) and chamber of commerce support provided electronically and the success of new business venture. It also focus to access internet based support provided by the government to gain advantage in the market. The study has been conducted on the local market of Saudi Arabia through new small and medium sized businesses that have sought the help and support in terms of business regulations, market structure and business success. The analysis has been conducted to empirically test the relationship. The sample of 44 small and medium sized businesses have been collected that are thoroughly researched and analyzed in terms of their success and how on each step of their milestone the support provided by the Small Business Administration (SBA) and chamber of commerce have been used to its advantage. The data from each business is collected through survey tools to help study and analyses the collected data. Findings of the analysis conducted on collected data indicate that there is a positive relationship between Small Business Administration (SBA) and chamber of commerce support in terms of knowledge and support on general guidelines with small and medium sized business success in market. The recommendation for the future research is provided along with explanation of the findings and statistical results.

Keywords: small business administration (SBA), chamber of commerce, online resources, small business success, knowledge and support

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