Business 27.12.2016 12:16 pm

How to help new entrepreneurs to succeed

Why do 70% to 80% of small businesses fail within five years? What should be done to strengthen SMMEs in SA?

In our massive research during the past 15 years, we were focusing on the question of why about 70% to 80% of small businesses are failing within five years, and why certain entrepreneurs are more successful than others? Only about 1% of micro enterprises who have started with fewer than five employees have grown to employ 10 people or more. A negative consequence of this fact is that these businesses hardly contribute to the taxation base of the economy and are not creating employment.

How to help new entrepreneurs to succeed
How to help new entrepreneurs to succeed

How to help new entrepreneurs to succeed

Why do 70% to 80% of small businesses fail within five years? What should be done to strengthen SMMEs in SA?

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