[Download] ~ Effects of Factors Influencing Capital Formation and Financial Management on the Performance and Growth of Small Manufacturing Firms in Senegal: Recommendations for Policy (Survey) " by International Journal of Entrepreneurship ~ Book PDF Kindle ePub Free

eBook details
- Title: Effects of Factors Influencing Capital Formation and Financial Management on the Performance and Growth of Small Manufacturing Firms in Senegal: Recommendations for Policy (Survey)
- Author : International Journal of Entrepreneurship
- Release Date : January 01, 2008
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 341 KB
Description
ABSTRACT This paper presents results of a survey conducted among 36 (n=36) owners of small manufacturing businesses in Senegal. Although most of these firms show promising potential for success they are threatened with some operational problems that constrains their ability to attain better results. In order for these mostly stagnated small firms to graduate into higher levels of development therefore, their need for adequate and relevant supporting infrastructures are essential. This study identified the biggest impediment facing most Senegalese small businesses to be that of limited access to sources of capital, in addition to other external conditions that affect the productive management and usage of funds. It is recommended that the government machinery, relevant establishments and business communities combine their efforts with that of entrepreneurs and create effective structures that will help ameliorate the process and conditions for effective capital formation. Taking this approach in addition to providing relevant training should enhance better management know-how for entrepreneurs and encourage the chances for progressive development of the small business sector in Senegal.
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