International Journal of Engineering and Management Research (IJEMR)
Year : 2017, Volume : 7, Issue : 5
First page : ( 273) Last page : ( 277)
Print ISSN : 2394-6962. Online ISSN : 2250-0758.

Influence of Owner's Personal Factors on Success of Micro Enterprises (With Special Reference to Kandy District)

Pitakotuwa H.G.K.K¹, Kulathunga K.M.M.C.B¹, Gamage P.G.M.S.K¹

¹Department of Management Sciences, Uva Wellassa University, SRI LANKA

Online published on 8 December, 2017.

Abstract

The SMEs play a critical role in the development of the country. As a part of SMEs’, Micro Enterprises have a major role in employment and contribution to the Gross Domestic Production. This study examines the influence of owner's Personal factors on success of Micro Enterprises in Kandy district. Questionnaires were distributed by using stratified random sampling technique to collect primary data from 100 owners of Micro Enterprises’ in Kandy district. The data were analyzed by using descriptive statistics, correlation coefficient and simple linear regression. This study concludes that owners’ personal qualities directly influence to be a successful Entrepreneur and there is a positive relationship between Enterprise success and Personal factors. The result shows that Owner's Personal factors are influencing to success of Micro Enterprises. The study has recommended to Entrepreneurs of Micro Enterprises, policy makers and other interest parties to consider owner's Personal factors while developing policies and strategies for Micro Enterprises.

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Keywords

Enterprise Success, Micro Enterprises, Personal factors, Entrepreneurs.

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