Abstract Volume:8 Issue-9 Year-2020 Original Research Articles
|Online ISSN : 2347 - 3215
Issues : 12 per year
Publisher : Excellent Publishers
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This paper discusses the internal challenges of group-based micro and small enterprises established in the year 2010-2015 in Wolaita Sodo town. The research design used was descriptive statistical method. From the seventy-three enterprises targeted, 65 enterprises are purposely taken. From each of these enterprises, their respective chairpersons were chosen by non-probability sampling; and with probability sampling, one member from each of the sampled enterprises was chosen. Primary and secondary data were used in this research. Internally, inconvenient working and market places, insufficiency of initial capital and use of new technologies, inadequacy of pre-training, on-job training and managerial skill development, low and moderate work motivation, absence of the use of demand-supply analysis, lack of intra-enterprise regular meeting and low saving culture were found as major constraints in this study. The town and sub-town MSE offices are highly expected to provide trainings, awareness creations and encouragements for the enterprises to let them motivated, stay in the enterprises, use demand-supply analysis, schedule intra-enterprise meetings, raising of saving culture and help them in searching for extra market. The MSE offices should post the needed prerequisites for the applicants to reduce redundant appointment to get the respective services. Promotion and encouragement, provision of information and transfer of new technologies, consultancy and advisory services, opening of free market and searching for extra market are highly required for smooth and healthy functioning from the town and sub-town MSE offices as well as municipality.
How to cite this article:Chernet Damte. 2020. Internal Determinants of Micro and Small Enterprises, In the Case of Wolaita Sodo Town, Southern Ethiopia.Int.J.Curr.Res.Aca.Rev. 8(9): 8-20