Factors Hampering the Entrepreneurial Growth and Development:A Study Conducted in Sodo Town in Woliaita Zone, SNNPR, Ethiopia

Abstract

Since Mid-2000s, Ethiopia has been one of the fastest growing countries in the World. However, productive entrepreneurship in high – value added activities have made limited contribution of this growth because of a weak business environment.  But their entrepreneurial knowledge, skill, managerial ability are very low.  Because of reflecting these facts.  The study   was   utilized causal research design   to achieve the research objectives.  The target population under study   was 240.  The study was conducted between Nonmembers to June 2017. In this study, Primary and secondary data types and sources was used. The instruments to collect primary data were questionnaires and interviews. Sample size of 150 respondents out of 240 entrepreneurs from the total population.  To determine the required sample size, stratified random sampling technique was utilized. The data collected   was   analyzed quantitatively and qualitatively. The major and entrepreneurs   performance determinants were financial support, technological factors, Education and training, Personal Characteristics, Access to physical infrastructure, market factors and politico-legal factors. This above identified factors explained the   variance of 46.1 % of entrepreneur performance determinants.

Keywords: - Entrepreneurs Development, Affecting Factors