Analysis of barriers to entrepreneurship in Small and Medium-sized Enterprises (SMEs)

Jafarnejad, Ahmad; Abbaszadeh, Mohammad Ali; Ebrahimi, Mehran; Abtahi, Seyed Mehdi

doi:10.6007/ijarems/v2-i4/155

Cited by 13 publications

(11 citation statements)

References 10 publications

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“…Likewise, the respondents from various age groups were similarly inspired by internal motives when planning their own business to a larger extent than by the external ones. Similar to other studies (Jafarnejad, Abbaszadeh, Ebrahimi, & Abtahi, 2013;Sharma & Madan, 2013;Smith & Beasley, 2011;Staniewski, 2009;Tanveer et al, 2011), our findings revealed that people who plan to start their own businesses perceive numerous burdensome obstacles. In the opinion of our respondents, the most harmful barriers were lack of experience, lack of capital and risk of failure.…”

Section: Discussionsupporting

confidence: 91%

“…Among the barriers, students indicate a lack of professional experience and funding (Staniewski, 2009), lack of skills, lack of assistance, lack of capital, lack of awareness, and fear of the future (Tanveer et al, 2011). In turn, entrepreneurs from the SME sector recognise that the most important barriers and challenges are lack of sufficient knowledge of management skills, lack of adequate investment to start and run a business, difficulty in discovering information about markets, products and prices, troublesome rules, obtaining bank loans, and difficulty in recruiting good and reliable staff (Jafarnejad, Abbaszadeh, Ebrahimi, & Abtahi, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

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Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Staniewski

Awruk

2015

Economic Research-Ekonomska Istraživanja

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This paper aims to recognise the factors that motivate potential entrepreneurs in the commencement of one's own business activity and to determine factors that hamper potential entrepreneurs in starting up their own businesses. The study was conducted by surveying 255 people who planned to start their own business. The author's questionnaire was administered to all participants. Respondents recognised three main factors that motivate people to the commencement of one's own business activity: self-realisation and self-satisfaction, the possibility of higher earnings and independence in decision-making. Among the factors that hamper the commencement of one's own business, respondents cited lack of experience, lack of capital and risk of failure. There was no difference between women and men with regard to motives and barriers. Younger entrepreneurs perceived more barriers than older entrepreneurs. There was no discernible relationship between age and motive to the commencement of one's own business. Institutions handling financial aid should pay particular attention to the motives behind setting up a business. Deciding to aid a company should be preceded by an in-depth analysis of what the entrepreneur perceives to be the barriers to starting his/her own business as lack of funds is frequently not the only, or even the key, obstacle.

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Section: Discussionsupporting

confidence: 91%

Section: Literature Reviewmentioning

confidence: 99%

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Staniewski

Awruk

2015

Economic Research-Ekonomska Istraživanja

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“…The second is the effect of social economic changes of the SSEs size-distribution in EA region on subsequent economic growth [29]. In case EA region has a larger share of small scale firms that could indicate a higher level of entrepreneurial activities.…”

Section: Entrepreneurship As a Major Factor Affecting Youth Employmentmentioning

confidence: 99%

Entrepreneurship Factors Contributing to Youth Employment in the EAC Countries Data and Policy Analysis

Hatibu

Hafidh

2021

AJEBA

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This policy research paper analyses entrepreneurship factors contributing to youth unemployment and also provides working recommendations for engagement on youth employment through entrepreneurship in the EAC Countries. The data and policy analysis are based on the theory of 4Es as propounded by ILO and Youth Employment Network literature. The literature reviews, field research survey, focus group discussion, combined observational and consultations with key informants were research methods used in collecting secondary and primary data. Data analysis used non-parametric methods, mainly frequency and cross tabulations. The paper finds that entrepreneurship factors such as inadequate innovative skills; limited entrepreneurship knowledge, education and training skills; communication skills barriers; limited entrepreneurship experience; and existence of informal sector and entrepreneurship barriers contribute highly to youth unemployment in most of the EAC countries. The paper recommends for improved entrepreneurship conditions and relevant implementation strategies include need to ensure adequate innovative skills; enhance entrepreneurship knowledge, education and training; informal employment in both formal and informal sectors improved; remove communication skill barriers; instil positive opportunity perception and ensure adequate access of entrepreneurship experience for optimal youth employment.

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“…On the other hand, women have a higher fear of failure in entrepreneurial activities than men. In other studies, such as the one carried out by Jafarnejad et al (2013), Sharma and Madan (2013), Tanveer et al (2011), the authors focus first and foremost on barriers preventing entry into entrepreneurship. Their results show that the question of barriers in entrepreneurship remain open for discussion.…”

Section: H3: There Is a Difference Between The Perspectives Of Men Anmentioning

confidence: 99%

Factors Affecting Entry into Entrepreneurship for University Students

Kovářová¹,

Šimsová²

2019

ERSJ

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Purpose: The development of entrepreneurship has a fundamental benefit for the economy of both developed and developing countries. Especially the young generation, which represents the potential for future development of entrepreneurship, has received a lot of attention in this respect. That is why this study aims at determining what are the most prominent entrepreneurial motives and barriers for university students and whether there exist statistically significant gender differences both in terms of opinions about entrepreneurship and in the assessment of individual motives or barriers. Design/Methodology/Approach: The study took place at Jan Evangelista Purkyně University in Ústí nad Labem (Czech Republic). The study was carried out via written questionnaires. The sample consisted of 1021 respondents. Results were obtained using Friedmann's ANOVA analysis and the Mann-Whitney U Test. Findings: The three most prominent motives associated with the commencement of entrepreneurship were identified as: becoming more independent, higher salary, and market opportunities. On the other hand, the most prominent barriers obstructing new entrepreneurs were identified by students to be a lack of financial resources, fear of failure and complex administration. This study also identified statistically significant gender differences both in the willingness to start a business (men declare a higher interest in entrepreneurship than women) and in the assessment of the most prominent motives and barriers. For men, the most important motive is market opportunities and the greatest barrier is a lack of finances. Practical Implications: The precise identification of the barriers and motivations are very important for the governments and creators of public politics as young enterprises are the main source of innovations with the latest growing potential. Originality/Value: The originality of the paper can be seen in the fact, that the investigation is focussed on potential entrepreneurs while the other researches at the Czech Republic were focused on the starting entrepreneurs, i.e. on the slightly different target group.

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Analysis of barriers to entrepreneurship in Small and Medium-sized Enterprises (SMEs)

Cited by 13 publications

References 10 publications

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Motivating factors and barriers in the commencement of one’s own business for potential entrepreneurs

Entrepreneurship Factors Contributing to Youth Employment in the EAC Countries Data and Policy Analysis

Factors Affecting Entry into Entrepreneurship for University Students

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