179
2. Lack of planning,
Skilled labour &
proper
management
skills
Doing business planning analysis before business start-ups
is a key to a successful entrepreneurial venture/ Some
business owners extract money without any control, have
no fixed salary for themselves/ some over spend way above
their profit
22/31
66%
3. Lack
of
competitiveness,
technology
innovation
&
customer loyalty
SME’s cannot produce large quantities of goods of
consistent quality to precise delivery schedule and are
uncompetitive in international export markets./ Expensive
in advertising products which leads to their inability to be
competitive and capture a greater part of both local and
international market segment
30/31
97%
4. Legal
&
regulatory
framework
&
social factors
Bureaucratic nature of licensing new Business, Corruption,
Cultural attitudes and politicization of Government-
sponsored loan schemes
31/31
100%
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