This paper focuses on a new concern in the small firm’s literature, namely what makes a small firm stay in business for a long time. It reflects a change in economic policy, away from an emphasis on volume of start-ups to an emphasis on quality of start-ups. The basic hypothesis is that...

This paper examines flexibility in the small firm in two ways. First, it looks at the re-positioning of their main product markets that firms undertake in the early life cycle, in an attempt to best exploit their niche advantages. The market extent variables used are: local, regional, Scottish,...