MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically.
| Published in | Science Development (Volume 3, Issue 2) |
| DOI | 10.11648/j.scidev.20220302.11 |
| Page(s) | 50-56 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
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Copyright © The Author(s), 2022. Published by Science Publishing Group |
Finance, Development, Business, Small Scale, Plan
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APA Style
Getnet Mamo Habtie, Abel Lema. (2022). Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Science Development, 3(2), 50-56. https://doi.org/10.11648/j.scidev.20220302.11
ACS Style
Getnet Mamo Habtie; Abel Lema. Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Sci. Dev. 2022, 3(2), 50-56. doi: 10.11648/j.scidev.20220302.11
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Download@article{10.11648/j.scidev.20220302.11,
author = {Getnet Mamo Habtie and Abel Lema},
title = {Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa},
journal = {Science Development},
volume = {3},
number = {2},
pages = {50-56},
doi = {10.11648/j.scidev.20220302.11},
url = {https://doi.org/10.11648/j.scidev.20220302.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.scidev.20220302.11},
abstract = {MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically.},
year = {2022}
}
TY - JOUR T1 - Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa AU - Getnet Mamo Habtie AU - Abel Lema Y1 - 2022/05/24 PY - 2022 N1 - https://doi.org/10.11648/j.scidev.20220302.11 DO - 10.11648/j.scidev.20220302.11 T2 - Science Development JF - Science Development JO - Science Development SP - 50 EP - 56 PB - Science Publishing Group SN - 2994-7154 UR - https://doi.org/10.11648/j.scidev.20220302.11 AB - MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically. VL - 3 IS - 2 ER -
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