Questionnaire on Failure and Recovery of SMEs
Dear Ms./Mr.

With this questionnaire we want to know your opinion on certain items related to problematic issues of SMEs operations. So, if you are Entrepreneur who had to change the business direction of your SMEs, or you was entrepreneur in the past and decided not to be anymore, we would appreciate your answering this short survey.

In some parts of the questionnaire there will be a questions about the failure of your previous business. Under the term "failure" please consider any form of consequence that lead to change of your previous business activities to some other field.

This questionnaire is anonymous and the results will be used for the purpose of scientific paper.

Thank you for your cooperation!

Please indicate your country of origin:
How old are you?
Your answer
Your age in the period of your firm’s financial distress:
Required
Your gender:
Your level of education
Your vocation
Your answer
Your marital status
Previous experience in related sector in years
Your answer
Previous entrepreneurial experience in years
Your answer
Who were the customers of your previous firm?
Please indicate how many hours do you spend at work, weekly:
Your answer
From your work hours, how many hours do you spend in solving strategic problems/decision making/addressing the operational challenges, weekly:
Your answer
From your work hours, how many hours do you spend in administrative work, weekly:
Your answer
If you would have more time for private activities, what would you like to do: Please rate the importance of following private time activities (grade from 1 lowest to 5 highest)
1
2
3
4
5
Spending time with my family
Spending time with my friends
Spending time on my hobby
Traveling and going on vacations
Voluntary work
Social responsible work
Mentoring new entrepreneurs
Something else
Please rate the importance of following personal characteristics on SMEs success. Grade from 1(lowest) to 5 (highest).
1
2
3
4
5
Self confidence
Need for achievement
Risk taking
Creativity
Internal locus of control
Independence
Education
Motivation for SMEs startup. Grade from 1(lowest) to 5 (highest).
1
2
3
4
5
Desire to be independent
Financial motives
Job satisfaction
Self fulfillment
Good networks
Employment creation
Access to additional financial resources
Recognition of entrepreneurs’ figure
Please rate the importance of following external factors for SMEs operational problems. Grade from 1(lowest) to 5 (highest).
1
2
3
4
5
Political issues
Economic issues
Social issues
Technological issues
Ecological issues
Legislative issues
Access to financial resources
Lack of knowledge of support system
Please rate the importance of following internal factors for SMEs problems. Grade from 1(lowest) to 5 (highest).
1
2
3
4
5
Management of receivables/ payables
Delay in fulfilling bank obligations
Fall of motivation
Delegation of responsibilities
Difficulties in absorption/acquisition of new technologies/innovation
Inability to find new potential shareholders/ partners
The level of fixed assets free from any burden/inscription
The level of clearing/ barter transaction
Access to market
In your previous business, who was the decision maker for the cash management?
Did you distribute dividends in your previous business?
In case you answered yes to previous question, what was the main use of these funds
Was the main venue/es where the business is conducted a property of the firm?
If the answer to previous question is no, was it a property of the owner/manager of the firm or his/her family members?
Grade the following factor which have importance when considering a new investment. Grade from 1(lowest) to 5 (highest):
1
2
3
4
5
Sales Generating Ability
Future earnings from the investment
Investment cost
Financial strength of the firm to make such investment
Potential innovation brought in the business
Period and terms of payment of the investment cost
Trust on the supplier
Maintenance costs
Opinion of the experts in your firm
Country of origin
Information from third parties (ex. real estate agencies, appraisers/evaluators, business owners within the same sector, etc) regarding the value of the investment
Do you use following in calculating your costs?
1 - Yes
2 - No
Costs for manufacturing
Costs for raw material
Costs for sales and advertizing
Cost for administration (salary of the accounting personal, marketing costs, marketing research)
Rate of profit
Does the value of your liabilities, as compared with assets, affect the financial/operational decision making in your firm?
If your answer for the previous question was YES, please explain in more details how does the value of your liabilities influence your operational decisions
Your answer
The sector of your previous business:
Business age in the time of financial distress:
Business life cycle in the time of financial distress:
Number of employees in your SMEs that suffered from failure - change of your entrepreneurial activity:
Your answer
If not considered as confidential, please indicate the annual income of you firm in time before distress in Euros:
Required
Importance of the following infrastructure factors of the surrounding region of your SMEs which suffered from failure-change of entrepreneurial activity, Grade from 1(lowest) to 5 (highest).
1
2
3
4
5
Transportation system
Supply of the electricity
Possibility to increase capacity
Existing share of market for products/services
Existing resources for important raw material
Enough qualified work force in the region
Please rate, in your opinion, the level on which you recovered from the financial distress (starting from 1 – not at all to 5 –completely):
If your answer, on previous question was above 1, please indicate the time that was necessary to reach this level of recovery (in years):
Your answer
The sector of your current business:
Number of employees in your current SME:
Your answer
Please indicate the average age of your technology and equipment:
As an addition, please give us your opinion about successful entrepreneurs form your region. Please make the list of five most successful entrepreneurs in your region:
Your answer
In accordance to your opinion which are the most important factors for their success:
Your answer
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