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Business founders wanted for entrepreneurship research

by Franchise Council of Australia
Queensland University of Technology (QUT) is currently conducting research in an effort to better understand what works, and what doesn’t, when starting and developing new businesses in Australia. Specifically targeting firms that are high potential (an ability to grow and be successful quickly) in two categories – nascent ventures (essentially businesses in an active start-up phase but not yet trading) and young firms up to four years old.

Any businesses that qualify and complete the survey go into the draw to win $5000 and are given access to web resources that may assist in the growth of the business venture.

About the Project
Funded by two grants from the Australian Research Council, with contributions from BDO-Kendalls and NAB, the research will follow some 1500 new firms over four years in an effort to better understand what works and what doesn’t when starting and developing new businesses. 

The research will study two main categories of businesses - nascent ventures, essentially businesses in an active start-up phase but not yet trading, and young firms up to 4 years old (commenced trading from 2004).

Most of the businesses will be a random sample of Australian businesses generated from a telephone survey. However, the research is also looking to find a sample of high potential firms - firms with the potential to grow and be successful quickly (in terms of sales or employment). 

Benefits 
Survey participants in the past have reportedly found the exercise invaluable through its thorough evaluation of existing business practices and the identification of areas for improvement. Specific feedback will be provided to organisations that choose to participate in this research and successful survey participants will also be given full access to a range of business related educational resources, as well as a chance to win $5000 in a draw.

Specific details of business IP is not sought (the research is studying the process of start up) and in line with Australian Research guidelines and QUT ethics, all information will be kept completely confidential and details will not be used for any other purpose other than this research. 

This article appears courtesy of the Franchise Council of Australia .
19.12.2007
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