Study On Financial Resources of Small Business in UK By MSc in Finance The Study On Financial Resources of Small Business in UK

The Study
On Financial resources of small business in UK
By
MSc in Finance

The Study on Financial Resources of Small Business in
UK
Author
Supervisor
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ACKNOWLEDGEMENT
I am thankful to all those persons who have given me support, guidance as well as much needed
motivation so as to complete the dissertation. Firstly, I owe my thanks to mentor who gave me
chance to undertake this dissertation. Furthermore, I am thankful to my team members, family
and friends who helped me in all possible accords. This led to successful completion of
dissertation and achievement of relevant results.
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ABSTRACT
There are number of financial resources which are available for increasing capital of the
organization. Most of the organizations obtain funds from those sources, which are associated
with the low cost and high benefits. The major aim of current study is conducting research on
available financial resources and which are actually used by small companies. For attaining this
aim author has focused on internal and external financial resources that are available and actually
being used by SMEs. Along with this, focus has also been given on different factors, which are
considered by SMEs in selection of fund resources.
For conducting investigation author has used number of research methods such as positivism
research paradigm, deductive approach, descriptive research design, qualitative and quantitative
research techniques, primary and secondary data collection, random number sampling method,
etc. further, sample size of the current investigation was 30 and researcher has used both
thematic and statistical analysis methods for examining collected facts and figures in effective
manner. After conducting research author has concluded that Retained earnings, owner’s capital
and credit cards are major internal sources and bank loan, government grants, trade credit,
leasing and hire purchase, loan from friends and family and bank overdraft are external sources
of funds for small business organizations. In which only retained earnings, personal capital, bank
loan, government grants and loan from friends and family are actually used by small business
organizations of UK. The major factors which influence decisions of small business are
associated cost, time, financial needs, size of the organization, etc. overall, study has attained
organization’s objectives in effective manner.

Declaration
I declare that this dissertation is all my personal work and the source of information and material
I have used have been fully recognized and properly granted as required.
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TABLE OF CONTENTS
Chapter 1: Introduction....................................................................................................................1
1.1 Title........................................................................................................................................1
1.2 Background............................................................................................................................1
1.4 Project rational.......................................................................................................................1
1.5 Aim and objectives................................................................................................................2
1.6 Research question..................................................................................................................2
1.8 Dissertation structure.............................................................................................................2
1.9 Summary................................................................................................................................3
Chapter 2: Literature review............................................................................................................4
2.1 Introduction............................................................................................................................4
2.2 Small business financing using financial resources...............................................................4
2.2.1 Internal financial resources.............................................................................................5
2.2.2 External financial resources............................................................................................5
2.3 Implications of financial resources........................................................................................7
2.4 Factors which are considered by SMEs at the time of selecting financial resources............9
2.5 Case analysis of Nisa Retail................................................................................................11
2.6 Research Gap.......................................................................................................................12
Chapter 3: Research methodology.................................................................................................13
3.1 Introduction..........................................................................................................................13
3.2 Philosophy of the research..............................................................................................13
3.3 Research approach...............................................................................................................14

3.4 Research design...................................................................................................................15
3.5 Strategy of research.............................................................................................................15
3.6 Data collection method........................................................................................................17
3.7 Sampling.........................................................................................................................18
3.8 Data analysis........................................................................................................................19
3.9 Ethical issues and considerations.........................................................................................20
Chapter 4: Data analysis................................................................................................................21
4.1 Introduction..........................................................................................................................21
4.2 Thematic analysis................................................................................................................21
4.3 Statistical analysis................................................................................................................34
4.4 Summery..............................................................................................................................36
Chapter 5: Theoritical interpretation and conclusioN:..................................................................38
5.1 Introduction:........................................................................................................................38
5.2 Critical evaluation of adopted methodology........................................................................38
5.3. Conclusion about Research objectives/aim:.......................................................................38
5.4 Conclusions about the research question.............................................................................40
5.5 Recommendation.................................................................................................................43
5.6 Limitations of the study.......................................................................................................44
5.7 Opportunities for future research.........................................................................................44
5.8 Reflective statement.............................................................................................................44
references.......................................................................................................................................46
Appendix 1.....................................................................................................................................50
Questionnaire for managers of small business firms of UK......................................................50
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