Factors Influencing the Growth and Development of Nicaraguan Small Businesses

Authors

Seth Sunderland, Brigham Young University
Dr. Ted Christensen, Brigham Young University

Keywords

Nicaragua, small businesses, employees, interviews

College

Marriott School of Management

Department

Accountancy

Abstract

The term “small business” is relative to who is applying the term. The United States Small Business Administration classifies any business with 1 to 499 employees as a small business. In 1999 the Peace Corp issued a study on Nicaraguan businesses that defined small businesses as employing 1 to 20 employees. The same Peace Corp study found that 79 percent of Nicaraguan labor force is employed by businesses employing 20 or less people. The Peace Corp also found that only 13 percent of the Nicaraguan labor force works for a business that employs more than 100 people. These numbers indicate that small businesses play a major role in the Nicaraguan economy. This study explores availability of capital funding for small businesses, the educational level of small business owners, and the availability of business training for Nicaraguan small business owners.

Recommended Citation

Sunderland, Seth and Christensen, Dr. Ted (2014) "Factors Influencing the Growth and Development of Nicaraguan Small Businesses," Journal of Undergraduate Research: Vol. 2014: Iss. 1, Article 985.
Available at: https://scholarsarchive.byu.edu/jur/vol2014/iss1/985