Micro-entrepreneurs: Motivations challenges and success factors
- D. Hussain and M. Z. Yaqub (2010). International Research Journal of Finance and Economics, 22-28
- Abstract: In this paper, we delve into the Pakistani small business sector to investigate the motivations, perceived success factors, and challenges for the micro-entrepreneurs. The study was conducted in Bahawalpur, a major city of southern Punjab, Pakistan. In-depth interviewing was employed to gain insights from 26 micro-entrepreneurs. The results partially acquiesce to previous studies conducted in the similar markets. The microentrepreneurs reveal that, at the time of entering into the venture, they are driven mainly by the pecuniary motives. They perceive customer service and relative business experience as the key success factors. Lack of access to financial capital, bureaucratic hurdles, and environmental uncertainty are the major barricades. The study augments the literature on an under-researched Pakistani market. EuroJournals Publishing, Inc. 2010.
- Theme: Growth and performance, Perceptions and attitudes
- Keywords: Micro-entrepreneurship, Motivation, Multiple-case analysis, Pakistan
- Reference type: Journal Article
- Geographic location: Pakistan, Asia, Global South