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Barriers to entrepreneurship in the Western Cape
Author(s)
Cupido, Christopher
Date Issued
2003
Type
Thesis
Publisher
Cape Technikon
Abstract
Research has shown that in first world countries, governments that have supported
their SMMEs and entrepreneurs have grown and the economies have prospered. The
contrary applies in countries that have imposed barriers and restrictions on the
development of the SMMEs and entrepreneurs.
There is a growing recognition of the importance of fostering SMMEs and
entrepreneurial growth in South Africa. The small business sector has been identified
as a very important sector and the government of the Western Cape has launched
various strategies to improve the plight of the entrepreneur.
This paper presents the results of a survey aimed at The target audience consisted of
SMMEs within the technical maintenance, chemical cleaners and specialised lubricant
products suppliers to the petro-chemical, marine, industrial and power-generating
industry in the Western Cape area.
The purpose of this research was to test the hypothesis. The acquisition of finances at
the available financial institutions and the governmental ventures is a difficult and
daunting task. The lack of management skills in small ventures is one of the key
factors why these ventures fail, as well as the difficulty the businessperson has to
contend with when it comes to handling of red tape with the starting up of the venture.
These problems were seen to be the main contributing factors to failure of the SMMEs
within the Westem Cape. Most of the sampled population supported the postulations that financial acquisition
and management skills are barriers to entrepreneurship. The only factor that is
contrary to the perception is the subject on red tape which was recommended for
further study.
their SMMEs and entrepreneurs have grown and the economies have prospered. The
contrary applies in countries that have imposed barriers and restrictions on the
development of the SMMEs and entrepreneurs.
There is a growing recognition of the importance of fostering SMMEs and
entrepreneurial growth in South Africa. The small business sector has been identified
as a very important sector and the government of the Western Cape has launched
various strategies to improve the plight of the entrepreneur.
This paper presents the results of a survey aimed at The target audience consisted of
SMMEs within the technical maintenance, chemical cleaners and specialised lubricant
products suppliers to the petro-chemical, marine, industrial and power-generating
industry in the Western Cape area.
The purpose of this research was to test the hypothesis. The acquisition of finances at
the available financial institutions and the governmental ventures is a difficult and
daunting task. The lack of management skills in small ventures is one of the key
factors why these ventures fail, as well as the difficulty the businessperson has to
contend with when it comes to handling of red tape with the starting up of the venture.
These problems were seen to be the main contributing factors to failure of the SMMEs
within the Westem Cape. Most of the sampled population supported the postulations that financial acquisition
and management skills are barriers to entrepreneurship. The only factor that is
contrary to the perception is the subject on red tape which was recommended for
further study.
Additional information
Thesis (MTech Busines Administration)--Cape Technikon, Cape Town, 2003
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187034656_Cupido_Christopher_mtech_bus_2002.pdf
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Thesis
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