Academic Journals Database
Disseminating quality controlled scientific knowledge

The impact of socio-economic factors on small business success

ADD TO MY LIST
 
Author(s): Muhammad Amjad Saleem

Journal: Geografia : Malaysian Journal of Society and Space
ISSN 2180-2491

Volume: 8;
Issue: 1;
Start page: 24;
Date: 2012;
VIEW PDF   PDF DOWNLOAD PDF   Download PDF Original page

Keywords: business culture | business enhancement | business skills | investment | small enterprise | success factors

ABSTRACT
Small enterprises play a vital role in economic development as they can provide the economy with efficiency, innovation, competition and employment. Entrepreneurs are responsible for the success of their businesses and have to face up with definite challenges in doing so. To know what constitute critical determinants of small business success data were collected from 60 randomly selected respondents in the Dera Ismail Khan district, Khyber Pakhtunkhawa, Pakistan, who were administered with structured questionnaires. Regression analyses of the findings showed the positive and significant impact factors of investment, entrepreneurial experience, business profile and culture with R2=0.638 and F= 11.222. The provision of ample opportunities to develop skills for business enhancement is suggested as the rational way forward.
Save time & money - Smart Internet Solutions      Why do you need a reservation system?