Analysis of Success Factors of Micro and Small Business Enterprises in Horro Guduru Wallaga Zone, Ethiopia
DOI:
https://doi.org/10.20372/star.v11i4.04Keywords:
Prisoners, suspected, overcrowding, sputumAbstract
Examining what makes micro and small businesses tick was the driving force behind this research. This investigation made use of an explanatory research strategy. A combination of a questionnaire and an interview was used to gather data. Three hundred sixty-eight people filled out the survey after being chosen at random. Multiple regressions, standard deviation, and mean were used to analyze the data that was obtained. Enterprise characteristic components, including knowledge and abilities in technical areas, good managerial competencies, and efficient human resource management, are greater contributors to the success of MSEs, according to the study's key findings (β = 0.594, p<0.00). Success in business for MSEs is unaffected by personal factors including education level (β=.129, p>0.72), gender (β=.115, p>0.24), and age (β=.036, p>0.38). In light of this, it is imperative that MSE operators receive enough training in technical, managerial, and business areas; furthermore, MSE operators must direct their companies in achieving these objectives.
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