Nigerian Economic Society
Hi Guest,
Home | Paper Submission | Signup |
      
Providing intellectual leadership in economic management in Nigeria
Perceptions of SME Owners on Assessing Funds in the Gauteng Area of South Africa

Perceptions of SME Owners on Assessing Funds in the Gauteng Area of South Africa

 

Abstract: The aim of this quantitative research was to gather the perceptions of SME owners on assessing funds in the Gauteng area. While SMEs can be linked to substantial job creation, small enterprises are much more likely to fail within the first five years of start up, eliminating jobs from the economy as observed by Khoza (2004) and Van Scheers and Wiid (2010). Acquisition of funds has always been a major challenge for SMEs. There are several reasons for the failure of small enterprises to develop and grow, one of them being financial constraints. This study exposes and evaluates the financial challenges that small enterprises face, as well as whether SME owners are aware of alternative funding institutions. The research established that recommendations to small business developers from government agencies include more financial knowledge and training, better communication and a suggestion that there should be one particular organization to help small business developers to meet these demands. Small business developers are also encouraged to have a good business plan, to do research in terms of the viability of the product to be promoted and follow correct procedures when applying for financial assistance.

Price: N100.00 | Add to cart
 

 

 

Login

Forget password? | Signup for Free!
Note: You must signup your email and create a password before you can register as an NES member
 

Latest News

63rd ANNUAL CONFERENCE ANNOUNCEMENT: CALL FOR ABSTRACTS

63rd ANNUAL CONFERENCE ANNOUNCEMENT 26 - 30 September 2022 Venue: Kano, Kano State, Nigeria ...read more


NEW EXECUTIVE COUNCIL OF THE NIGERIAN ECONOMIC SOCIETY

At the end of the Annual General Meeting (AGM) during the 62nd Annual Conference of the Society held...read more


NES 2021 PhD THESIS PRIZE AWARD WINNERS

Winners of the 2021 NES PhD Thesis Award Prize in Economics. 1st Prize - Shitile, Tersoo Shimonka...read more


Vacancy! Vacancy!! Vacancy!!!

The Nigerian Economic Society (NES) is looking for a highly qualified candidate who will fill the fo...read more


2021 Annual Conference Call for Nominations into the New Executive Council of the Nigerian Economic Society (NES)

At the Business Session of the 2021 Annual Conference of the NES which comes up in October 2021 both...read more


NES 2021 PhD THESIS PRIZE AWARD: Call for Submissions

NES PhD THESIS PRIZE AWARD: Call for Submissions The Executive Council of the Nigerian Economic So...read more


E-Mail Subscription

VoguePayVisaMasterCard