Factors Influencing Slow Growth of Small and Micro Enterprises

Bilha Sesia Ludeki

ISBN 10: 3848413558 / ISBN 13: 9783848413553

Published by VDM Verlag Dr. Mueller Aktiengesellschaft & Co. KG, 2012

About this Item

pp. 68.

Seller Inventory # 26128873735

Bibliographic Details

• Title: Factors Influencing Slow Growth of Small and Micro Enterprises
• Publisher: VDM Verlag Dr. Mueller Aktiengesellschaft & Co. KG
• Publication Date: 2012
• Language: English
• ISBN 10: 3848413558
• ISBN 13: 9783848413553
• Binding: Soft cover
• Condition: New

About this title

Synopsis

This study sought to determine factors influencing the growth of small and micro enterprises (SMEs) in Kisumu city of Kenya. The case study was beauty salons. Salons provide employment, contribute to entrepreneurship and innovation,and foster competitiveness. However, they have continually faced difficulties resulting in slowed growth of the sector. Some of the difficulties they face are high taxation, lack of credits, inadequate capital and poor book keeping, stiff competition, poor policies, bad politics, lack of adequate infrastructure, insecurity, bad management, in appropriate personal factors and superstitious beliefs. To this end the study summarizes these factors as monetary, environmental and internal. The study concludes that monetary factors are most critical to the growth of the salons. Finally the study recommends that the government of Kenya should create an enabling financial environment for salons as well courses on business management particularly in book keeping.

About the Author

Bilha Ludeki is a Doctorate student in Business Administration at Jomo Kenyatta University in Kenya. Since 1990, she has been teaching at institutions of higher learning in Kenya including Kibabii Teachers College and the Catholic University of Eastern Africa. In addition she is an examiner with the Kenya National Examinations Council.