Challenges to business growth in Santo Domingo: An analysis of key factors in the period 2021-2022

Authors

DOI:

https://doi.org/10.55813/gaea/jessr/v2/n3/53

Abstract

From an economic perspective, it is clear that small and medium-sized enterprises are playing a very important role in economies; Ecuador is no exception to this process that leads to a significant improvement in a nation's economy. Studying the role of small businesses allows for a broader understanding of the positive impact on the economy, which is why knowing what could negatively affect business development is essential for entrepreneurs, as they would already have a framework to avoid the failure of their businesses. The study was based on direct information collection from entrepreneurs to more efficiently determine the factors that hinder the development of these companies. Through this, criteria were reviewed and identified regarding the impact of different factors, policies and regulations, and related businesses that are affected and are recognized as having a high impact by these entrepreneurs.

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Author Biography

  • Casanova-Villalba, César Iván, Universidad Técnica Luis Vargas Torres de Esmeraldas

    Ecuadorian nationality, professional in Accounting, Finance and Business Administration. Master in Business Administration with mention in quality and productivity management (Pontificia Universidad Católica del Ecuador, Quito). Engineer in Finance and Auditing CPA (Universidad Tecnológica Equinoccial). International Diploma in International Financial Reporting Standards (IFRS) (Universidad Metropolitana and the National Union of Accountants Associations of Ecuador). Specialization in Corporate Finance (Universidad Nacional Autónoma de México-UNAM). Accredited and Categorized Researcher by SENESCYT. Leader of the Group of Google Educators of Santo Domingo. Certification by competencies in Administrative Assistance with Office Automation and Training of Trainers. Professional career begins in the accounting area (2008-2009), Statistician at the Ministry of Public Health (2012-2013), in the financial area of the National Transit Agency (2014-2017), in the administrative area at the National Electricity Corporation EP (2017-2018), Hardware Administrator J&J (2019), Supervision and Control at the National Institute of Statistics and Census (2019). Professional experience in higher education, at the Instituto Técnico Superior Shalom in the city of Quito (2015-2018), Instituto Superior Tecnológico los Andes in Santo Domingo (2018-present), in the Faculty of Administrative and Economic Sciences of the Universidad Técnica Luís Vargas Torres de Esmeraldas Sede Santo Domingo de Los Tsáchilas (2020-present).

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Published

2022-07-31

How to Cite

Casanova-Villalba, C. I. (2022). Challenges to business growth in Santo Domingo: An analysis of key factors in the period 2021-2022. Journal of Economic and Social Science Research, 2(3), 1-12. https://doi.org/10.55813/gaea/jessr/v2/n3/53

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