With the great discrepancy in the literature as to which variables do in fact lead to success or\nfailure of small businesses there is no theory; the Lussier 15 variable business success versus\nfailure prediction model stands out in its accuracy that has been tested and validated already in\nthree very different parts of the world. This study further contributes by testing the model in\nIsrael with a sample of 205 small businesses - 101 failed and 104 successful. Results support\nthe model�s validity in Israel, reinforcing its global validity and moving toward a theory; while\ndemonstrating similarity of SMEs in Israel to those in other economies.
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