Small business enterprises and creation of employment in Uganda :

Loading...
Thumbnail Image
Date
2016-06
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
The purpose of the study was to examine the contribution of small business enterprise and creation of employment in Uganda and the study was based in Owino market in Kampala. The study was guided by the specific objectives and these included, analyzing the categories of small business enterprises, examining the challenges facing small business enterprises, seeking for solutions to the challenges facing small business enterprises. The study employed research design and sample size of one hundred (100) respondents were used of which 40 will be from the hawking business and 60 in street retailing. The tools that were used in the study included; Questionnaires, Data Processing and Analysis. Some of the study finds majority revealed that majority of the categories of the businesses were tied shop businesses that operated at a small scale, they were managed by their own boss and support staffs, had their source of startup capital from own savings, and did not provide opportunities to a great number of the people since they mostly employed less than ten people compared to the labor force available. Small business enterprises mostly improve incomes and welfare of individuals, from their businesses knowledge or skills and business partners, competition for jobs associated with social responsibilities encouraged most business people to start businesses, the kind of activities engaged in by the businesses have enabled them to absorb labor force through the provision of employment opportunities. Some of the recommendations are; Small business enterprise need to employ professionals to manage their businesses this will improve on their performance since these will establish and strengthen the internal controls as regards financial resources to reduce on mismanagement and misappropriations. It is through this that small businesses whose startup capital is based on own savings will easily access financial institutions for loans to enhance their business operations towards employment provision. Government should improve on the infrastructural development in form of huge stores managed by the government to be rented at subsidized amounts in the favor of the business fraternity.
Description
A dissertation submitted to the school of economics and management science in partial fulfillment of the requirement for the award of Bachelor of Arts in Economics of Kampala International University
Keywords
Small business enterprises, creation of employment, Owino market, Kampala
Citation