International Journal of Managment, IT and Engineering
  • Year: 2013
  • Volume: 3
  • Issue: 3

Challenges in initiating small enterprises: Lessons from single retail shops in Arusha Municipality Tanzania

  • Author:
  • Isaac Kazungu, Benson Otieno Ndiege, Penina Matolo
  • Total Page Count: 13
  • Page Number: 116 to 128

*Moshi University College of Cooperatives and Business Studies, Moshi, Tanzania

**Dalian University of Technology, Lingong Road 2 ganjingzi District Dalian, China

***Moshi University College of Cooperatives and Business Studies, Moshi, Tanzania

Online published on 24 October, 2013.

Abstract

This paper centered on assessing challenges facing entrepreneurs in initiating small businesses particularly single shop retail business in Arusha Municipal. It documents the difficulties entrepreneurs face when starting new small businesses, the possible causes for such difficulties and solutions which will be useful in solving such difficulties. Data were analysized qualitatively and quantitatively. In quantiative analysis, descriptive statistics were used. The study observed that major challenges facing entrepreneurs in initiating small businesses are lack of knowledge of the business, high business running cost, Insufficient capital, poverty and competition. The study recomend that the Government and other stakeholders should build and maintain infrastructures, creat employment opportunities and provide management workshops and seminars on enterpreneurial tendencies, proper record keeping, and financial management practices to the small business owners.

Keywords

Small Enterprises, Single Retail Shops, Entrepreneurship, Economic Development and poverty