2011 Conference Proceedings
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2011 Small Business Institute® National Conference Proceedings 2 Vol. 35, No. 1 – Winter 2011 COMPETITIVE PAPERS Stephanie Bardwell & Alan Bardwell………………………………………………………….. 6 Nonprofit Entrepreneurship: The "Q" is, Will Exempt Organizations Tread On the Toes of SMEs to Capture the Financial Literacy and Credit Consulting Niche Market? John Batchelor, Michael Harris, Shanan Gibson & Leo Simpson……………………………... 34 Comparison of Ethical Behavior: Individual Perceptions and Attitudes toward Entrepreneurs Joe Bell, Brittany Blair, Don Martin & John Hendon…………………………………………. 38 Angel Investment Tax Credits: Implementation and Effectiveness in a Sample of States Representative of Differing Geographical Areas of the United States Don Bradley III & Meghan Antoine…………………………………………………………... 51 Environmental Accounting and Reporting Benefits to Small Businesses John Cater……………………………………………………………………………………… 60 Generational Differences in Family Business Leadership; A Case Study Peggy Chaudhry & Kathryn Pertzsch………………………………………………………….. 80 Assessing the B2G Opportunities for Minority and Women Business Enterprises Ron Cook, Diane Campbell & Caroline Kelly………………………………………….…..….. 99 Caveat Emptor: The Question of Accuracy in Commercial Databases Gerald D‘Amboise & Josee Audet…………………………………………………………… 109 Comparing to Understand: An Evolving Approach and Empirical Results from the Study of SME Activities Paul Dunn & Chyi Lyi Liang…………………………………………………………………. 115 Entrepreneurship and Small Business Professors’ Reaction to Selected Entrepreneurial and Small Business Financial Planning and Management Concepts Kirk Heriot, Andres Jauregui & Michael Harris……………………………………………… 127 Evaluating the Legitimacy of Entrepreneurship and Small Business as a Field of Study: An Exploratory Study Dean Koutroumanis & Amy Brownlee……………………………………………………….. 142 Developing Strategic Direction in Tough Economic Times: A Case Analysis of Roly Poly Sandwiches Donald Lester, Thuhang Tran & Shawn Carraher……………………………………………. 154 Adopting Information Technology in Stages of SME Growth William McDowell & Troy Voelker………………………………………………………..... 171 Performance of Historically Underrepresented Firms in the Public-Private Sector Teresa Menzies & Jennifer Lococo………………………………………………………..…. 188 Building our Knowledge of Family Business: What are the Major Topics and Theoretical Perspectives being Published – A 10 Year Review 2011 Small Business Institute® National Conference Proceedings 3 Vol. 35, No. 1 – Winter 2011 Todd Mick ………………….…………………………………………………………….…... 204 Weight Management Medical Center - A Case Study Abbas Nadim…………………………………………………………………………………. 215 Social Responsibility Environmentalism, Sustainability, and Small Businesses: A Systems View Nina Radojevich-Kelley & Lynn Hoffman ...…………………………………………………. 226 A New Form of an Early Stage Investment Company: Accelerators Jeff Shields & Joyce Shelleman………………………………………………………………. 232 Small Business use of Management Accounting Reports Matthew Sonfield ………………….……..……………………………………………..……. 247 Micro-Finance: From Bangladesh to the United States - Nobel-Prize-Worthy or Financial Exploitation? Matthew Sonfield & Robert Lussier………………………………………………………….. 256 Antecedents for Family Businesses Succession Planning: A Multinational Analysis Patrick Walker & Nicolaus Usury……………………………………………………….…… 274 B-Harmony: Building Small Business and Small Nonprofit Partnerships that Thrive Through Online Social Networking Dianne Welsh & Shawn Carraher………………………………………………………..…… 286 Franchise Opportunity in Elkhart/South Bend Area of Indiana Dianne Welsh & Shawn Carraher…………………………………………………………..… 291 Starting a New Business: Franchising vs. New Venture Rebecca White, Giles Hertz & Rodney D‘Souza……………………………………..……… 299 Teaching the Craft of Business Plan Writing: An Experiment George Wynn, Steven Andes & Lawrence Metzger…………………………...……………… 318 Measuring Loan Granting Decision Making for a Physician’s Practice: The Impact of Personality and Demographics on Business Decisions BEST PRACTICES Stephanie Bardwell & Patrick Walker……………………………………………………….. 342 The Power of the Small Business Institute® is big for Town and Gown Blake Escudier…………………………………………………………………………...…… 345 Managing Your Mentoring Program Online: A View of the SBMS in Melbourne, Australia Jacqueline Schmidt, John Soper & Jill Bernaciak………………………………..…………... 349 Assessing Creativity in the Entrepreneurship Classroom Raj Selladurai…………………………………………………………………………….…… 354 Student-based Consulting Projects Benefitting Local Businesses 2011 Small Business Institute® National Conference Proceedings 4 Vol. 35, No. 1 – Winter 2011 Dianne Welsh………………………………………………………………….……………… 355 Best Practices at UNCG WORKSHOPS Semra Ascigil……………………………………………………………………..………….. 357 Social Entrepreneurship: A Tool for Performance Assessment of Social Enterprises Joe Bell, John Hendon, Brittany Blair & Don Martin………………………………...……… 361 Proliferation, Incentive, and Access to Equity Investor Tax Credits Paul Belliveau & Ron Cook………………………………..…………………………………. 363 Experiential Student Team Consulting Diane Campbell……………………………………………………...……………………..… 364 A Scholar’s Apprentice: Online Tools for Hands-free Research Wilburn Clouse…………………...…………………………………………..………………. 365 Building Cross Disciplinary Entrepreneurship/Innovation Programs across Multiple Universities Lynn Hoffman, Don Bradley, Harriet Stephenson & Semra Ascigil……………………...…. 367 Social Entrepreneurship: What do we know and what have we experienced to date? Martin O‘Neill………………………………………………………...……...………………. 370 Building Business Value Nina Radojevich-Kelley & Lynn Hoffman…………………………………………………… 371 Business Plan Writing Course: Teaching Business Majors versus Non-business Majors David Rose………………………………………………………………………….………… 373 How to work with the Federal Government or Teaming for Success in Federal Contracting Don Sciglimpaglia……………………………………………………………………………. 374 A Review of SBI Journals Survey Results: Comments and Feedback William Wise…………………………………………………………………………….…… 375 Teaching Entrepreneurship: A New Financial Template for Preparing Business Plan Financials 2011 Small Business Institute® National Conference Proceedings 5 Vol. 35, No. 1 – Winter 2011 NONPROFIT ENTREPRENEURSHIP: THE ―Q‖ IS, WILL EXEMPT ORGANIZATIONS TREAD ON THE TOES OF SMES TO CAPTURE THE FINANCIAL LITERACY AND CREDIT CONSULTING NICHE MARKET? Stephanie Bardwell, Christopher Newport University Alan Bardwell, The Bardwell Group Abstract This paper investigates the delivery of financial and accounting expertise via specialized 501 (Q) exempt organizations. It analyses data from the IRS in context of significant financial and/or economic indicators. It develops a inquiry into the niche credit counseling services industry and reports preliminary findings about the exempt organizations. Introduction and Literature Review Financial and Accounting expertise are essential elements necessary to create business profitability, particularly in small and medium enterprises (Sequeira, Carr & Rasheed, 2009). In this new economic reality, which by necessity may favor entrepreneurs (Daly, 2010), the successful entrepreneur must either possess these specialized skills personally (Davidson & Honig, 2003) or outsource these pertinent activities to ensure currency, accuracy and predictability. These knowledge based skills are necessarily deployed in the enterprise to achieve maximum fiscal stability and clarity (DeClercq & Voronov, 2009). For individuals with financial and accounting knowledge, the deployment of this expertise is further enhanced by low technological barriers (Meyer, Wright & Pruthi, 2009) which promote market entry and demonstrate that entry is not barred by high actual or perceived costs. The delivery of financial and accounting expertise can be seen as an economic truism; human capital in the financial industry is actually a fluid resource. Financial and accounting experts are able to behave like entrepreneurs (Morris & Morris, 2002), to start new ventures, to exploit new opportunities (Kreiser & Davis, 2009), to volunteer as advisors and consultants using their prior knowledge (Shane, S. 2000), and to mop-up after the Securities Investment sector promoted risk- taking investment strategies to the masses. For example, in 2002, the Securities Industry Association, a trade association representing more than 740 securities firms (including banks, investors, mutual fund companies and brokers) reported its industry had generated over $300 billion in yearly revenues and boasted, at that time, over 600,000 individuals employed in the industry according to the Foundation for Investor Education (Morris & Morris, 2002). Yet just a short time later, a mere developmental moment in time, the bubble burst and the industry faced enormous pressure to decouple, decentralize and disengage. Real estate, banking and investment experts became a glut on the market heavily motivated to find a comfortable new niche (Shane, Locke, & Collins 2003). This oversupply of financial and accounting expertise after the ―official‖ failure of the lending industry, in July 2008, created a new path to opportunity in the new economy (Besser & Miller 2010)- all as a result of economic turmoil, uncertainty, mergers, downsizing and ―early‖ retirement. The path we examine is relatively new in the NPO sector; we call it the new ―q‖. 2011 Small Business Institute® National Conference Proceedings 6 Vol. 35, No. 1 – Winter 2011 The new ―q‖ refers to a new section of the IRS code governing tax exempt organizations that was enacted in 2006 specifically for credit counseling services.