The codding exercise will entail the codebook

The codding exercise will entail the codebook

The codding exercise will entail the codebook, the description of the significant themes derived from the interviews, elaboration of how the themes are derived and connected, and the overall finding from the coding exercise.

Code Book: interview transcripts

coded: 031017,

041217,041417,051217, 09202017 and 09072017

Common factors for the business growth

The common factors of the business growth entail that

factor the facilitate the development of the small business to become large

business entities.

For a small business to be successful, various factors

contribute to growth. Even though growth is subjective, most of the

interviewees describe the success of a business as the sustainability of the

business, getting to do what they love, the business generating revenue, and

making positive change in the society by positively impacting the life of the

people through corporate social responsibility. Some of the interviewers also

ask the questions about the recommendation to enhance the growth of the business,

because of their belief that the recommendations play a critical factor in the

growth of the business. The recommendations do not only increase the growth of

the business but also open up new opportunities for collaboration with other

people in the field.

Interview 031017:

“Well, I just had a dream, a passion for being an

entrepreneur and I had another couple efforts where I tried to start my own

company and I. Fortunately, this time around had someone to mentor me and help

me get started so, I quit my job about five years ago and this whole time in

the business with a close friend of mine named Randy Williams who had built a

similar company and said he would help me get started so. He was able to bring

me onto my first contract under his company, and that was the start of Pro

source 360 back in 2000…. I guess it was 2011. Officially.

Networking, building and maintaining relationships with

the existing actor of the business such as the business owners, communities, co

government, anon profit-making organizations allow for the improvement and the

growth of the small business. The skill enhances the ability of a person to

maintain the relationships with fellow business owners who understand your

strengths and weakness is lead to the identification of the new opportunities

that can be exploited by the business to achieve the desired level of growth.

As students, we get to learn that networking is the gatekeeper to any industry

that you aspire to work for or join. Hence networking and building of

relationships are essential in the creation of a sense of a community where

people or businesses can cooperate in emerging prosperously.

For example, interview 051217

‘No, we use job sites; we use referrals; we use the

network. Sometimes we just do target recruiting. We’ll help somebody, that we

need to go get them, and we’ll do what we need to do to make it happen.?”

The involvement of the community and the market are also

an essential factor for the growth of the small business. Identification of the

stable market of the business is one of the critical for the growth of the

business. Besides, the engagement of the community is critical because the

communities form the market that creates demand for the product of the business.

The provision of the educational training and

coaching programs by the nonprofit making organization, schools, and other

entities is equally essential for the growth of a small business. Despite the

disadvantage of the programs, the programs are important in equipping the

stakeholder in the business with the required skill to facilitate the growth of

the business.

Interview 041217. Interviewee states that “Fortunately just a

little bit of it because I had somebody who actually kind of mentored me again

and warned me and so I took that advice and before that happened I did, you

know I did an acquisition, I accelerated my growth, and I got the company to

$100 million because that’s where you really need to be to be able to compete.

And so, I avoided a lot of those things and this is some of the things that I

try to teach some of the companies that I’ve mentored but some listen, some

don’t.”

The individual characteristics of the stakeholders in the

business perform a critical role in enhancing the growth of the small business.

It takes a certain type of individual to start a business, strives through the

challenges that that business faces in the initial stages of formation without

giving up. The individual characteristics that seem to be very critical for the

success of the business comprise the willingness, persistence, passion,

motivation, and knowledge seem to be some of the most vital factors that

positively contribute to the growth and development of small businesses. People

who passionately care for their businesses tend to meet the expected level of

growth and go beyond to strive to the success to make their business thrive in

the market

An interviewee in interview 051217 states that her

business growth is attributed to her motivation to work for herself. “The key factors:

focus, accountability, commitment, and execution. Yeah, focusing on a strategic

plan, corporate growth, being accountable to your team and transparent at the

same time, communicating the vision, and executing with purpose in a timely

manner”.

Uniqueness and Creativity

Uniqueness and creativity are required in the

business to enhance the growth and development of the business. Both the

uniqueness and creativity are essential in the business as they facilitate the

business towards the realization of the goal of the business as well as making

the business remain relevant and stand against the competition. Some businesses

have emerged successful in the market because of the uniqueness while remaining

relevant in the market because of their ability to change with time to become

unique in the brand and trademark. Besides, creativity is a critical factor for

the growth of the business because of the increased levels of competition.

Businesses need creative individuals to stand out from the increasing

competition in the market.

Interview 041417: “The uniqueness about my

firm, from my perspective, is the fact that we’ve been able to develop strong

stakeholder relationships, and carry those across the boundaries into the

solutions that we have.”

From the interview, the basis of competition in the

market is the ability of the business to main creativity and uniqueness to

attract potential customers.

The small businesses have this unique and creative way

because they own and manage themselves. Ultimately, it is essential to note

that as the business emphasizes uniqueness and creativity, the small business

needs to appreciate the importance of consistency in its products to assure the

customers of the quality and the accessibility of the business.