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Factors Affecting Small Scale Enterprenuers

  • Date Submitted: 02/26/2014 01:15 AM
  • Flesch-Kincaid Score: 40.7 
  • Words: 920
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Introduction.
      1.1 background of the study
According to Burns and Dew (1989) on small scale entrepreneurship, small scale business is characterized by small market share managed by its owners in personalized way through the medium of a formalized management structure. Owners have absolute power over their business and decision-making and workforce ranges are under two hundred employees. Small scale enterprises are business enterprises that are independently owned and operated, not dominate in each field and meets Indus   by specific size standards for income or number of employees, (Boone and Kurk 2003).
In Kenya, a small scale enterprise is identified as the one operating locally where its owners belongs and its managed independent. It can also be defined as a trading different commodity or goods in a particular market place. Small scale enterprises normally concentrate on selling cloths, food stuff, shoes and bags. A person involved in this kind of business is called an entrepreneur whose characteristics include risk taker, innovative and self confident.
Small scale enterprises have emerged since it is a better way to deal with poverty. Different entrepreneurs have tried to create new jobs with the aim to survive   and this has encouraged many unemployed and retrenched people to develop for the purpose of generating income to help in sustaining themselves and their families. Small scale enterprises are formed daily in thousands in different countries hence the need to find out what affect their management. (Boone Kurk 2003)
      1.2 Statement of the problem
Small scale businesses are one of the major businesses that many entrepreneurs take part in. small scale enterprises at Gikomba market are faced with numerous challenges: The problems are both internal and external and can exert much pressure on the proprietors of small business enterprises. For instance lack of capital in the small scale enterprenuers to improve the business to cater for financing...

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