REQUIRES SMALL AMOUNT OF INVESTMENT WHILE STARTING THEREBY RISKS ASSOCIATED IS

Requires small amount of investment while starting

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REQUIRES SMALL AMOUNT OF INVESTMENT WHILE STARTING, THEREBY RISKS ASSOCIATED IS SMALLER AS COMPARED TO THE OTHER INDUSTRIES, IT IS AN APPROPRIATE STRATEGY TO INVEST AND OPEN A BUSINESS. BESIDES, THE GROWTH EVIDENT IN SMALL SCALE INDUSTRIES IMPLY THAT WITH APPROPRIATE STRATEGY AND RELEVANT PLANNING, IT WILL TURN INTO PROFITABLE BUSINESS LATER ON.
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REFERENCES BOLTON, D.L. AND LANE, M.D., 2012. INDIVIDUAL ENTREPRENEURIAL ORIENTATION: DEVELOPMENT OF A MEASUREMENT INSTRUMENT. EDUCATION+ TRAINING , PP.220-232. BREUGST, N., DOMURATH, A., PATZELT, H. AND KLAUKIEN, A., 2012. PERCEPTIONS OF ENTREPRENEURIAL PASSION AND EMPLOYEES’ COMMITMENT TO ENTREPRENEURIAL VENTURES. ENTREPRENEURSHIP THEORY AND PRACTICE, 36 (1), PP.171-192. DEPARTMENT FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY, 2020 . NATIONAL STATISTICS BUSINESS POPULATION ESTIMATES FOR THE UK AND REGIONS: 2019 STATISTICAL RELEASE. [ONLINE] ASSETS.PUBLISHING.SERVICE.GOV.UK. AVAILABLE AT: < S_POPULATION_ESTIMATES_FOR_THE_UK_AND_REGIONS_-_2019_STATISTICAL_RELEASE.PDF> [ACCESSED 5 MAY 2020]. GARUD, R. AND GIULIANI, A.P., 2013. A NARRATIVE PERSPECTIVE ON ENTREPRENEURIAL OPPORTUNITIES. ACADEMY OF MANAGEMENT REVIEW, 38 (1), PP.157-160.
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REFERENCES CONT… HUARNG, K.H., MAS-TUR, A. AND YU, T.H.K., 2012. FACTORS AFFECTING THE SUCCESS OF WOMEN ENTREPRENEURS . INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL, 8 (4), PP.487-497. IBRAHIM, N., 2012. THE MODEL OF CROWDFUNDING TO SUPPORT SMALL AND MICRO BUSINESSES IN INDONESIA THROUGH A WEB-BASED PLATFORM . PROCEDIA ECONOMICS AND FINANCE, 4 , PP.390-397. NENEH, N.B., 2012. AN EXPLORATORY STUDY ON ENTREPRENEURIAL MINDSET IN THE SMALL AND MEDIUM ENTERPRISE (SME) SECTOR: A SOUTH AFRICAN PERSPECTIVE ON FOSTERING SMALL AND MEDIUM ENTERPRISE (SME) SUCCESS. AFRICAN JOURNAL OF BUSINESS MANAGEMENT, 6 (9), P.3364. TANVEER, M.A., AKBAR, A., GILL, H. AND AHMED, I., 2013. ROLE OF PERSONAL LEVEL DETERMINANTS IN ENTREPRENEURIAL FIRM’S SUCCESS. JOURNAL OF BASIC AND APPLIED SCIENTIFIC RESEARCH, 3 (1), PP.449-458.
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  • Business, Entrepreneurship, Academy of management, AFRICAN JOURNAL OF BUSINESS MANAGEMENT

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