Self-Actualization: The Zenith of Entrepreneurship

This paper presents entrepreneurship  literature  which supports  a treatment  of entrepreneurial drive as a continuum. Behavioral differences among entrepreneurs are presented and examined in the light of Maslow's hierarchy of needs. The two perspectives are linked by a perspective of entrepreneurial activity as a vehicle which can support one's advancement through all levels of the hierarchy. This perspective is examined empirically with a database of 156 entrepreneurs, and the authors conclude that the respondents in this study who displayed higher entrepreneurial drive did view their businesses as vehicles for achieving self-esteem and self-actualization. Those respondents displaying lower entrepreneurial drive viewed their firms as vehicles for providing  basic financial  needs

Are Small Businesses Falling through the GAAP?

Professional accountants have long recognized the need for a change in the reporting requirements for small businesses because standard setting agencies focus on large firms and promulgate GAAPs which ignore special problems of small firms. We propose a procedure which may correct the problem  in the United States and which could provide a model for  use in other countries