期刊名称:International Business & Economics Research Journal
印刷版ISSN:1535-0754
电子版ISSN:2157-9393
出版年度:2015
卷号:14
期号:2
页码:309-316
语种:English
出版社:The Clute Institute for Academic Research
摘要:This study investigated the challenges that are faced by entrepreneurs in the Nkonkobe Municipality in Eastern Cape Province of South Africa and the objectives were to identify and suggest solutions for the challenges. This study followed a qualitative research design and in-depth interviews were used to gather data from the respondents. Small, Micro and Medium Enterprises (SMMEs) owners and managers in the Nkonkobe Municipality were the target population. A sample of thirty respondents was drawn using purposive sampling method. Most of the respondents who participated in the study were from the agricultural industry, trading sector, and the arts and crafts industry. The challenges identified as impediments to the establishment, survival and growth of these SMMEs include lack of networking opportunities, lack of access to finance and inadequate government support. Recommendations were suggested to the SMME owners and managers, government agencies and the local municipality.