The Effectiveness of Training for New Business Creation

Abstract

In the last couple of decades there has been a growing interest in the role that small and new businesses can play in economic development. Despite this growth there is still a relative paucity of rigorous empirical research that attempts to assess the impact of initiatives, including those education and training programmes designed to support new business creation. In particular, the lack of longitudinal studies and studies employing control groups, has been noted in the literature. The research reported in this article, which was conducted in Ireland, represents an attempt to overcome such methodological deficiencies. The study presents some evidence that a range of qualitative and quantitative outcomes may emanate from training programmes directed at aspiring new business owners, which are worthy of further investigation. The limitations of the study are acknowledged, recommendations for further research are made and implications for policy makers and training providers are highlighted.