Small Scale Business Project Management

Small businesses form a turbulent part of the national economy because of the large-scale movements in and out of sector. Many new ventures are created every year but an almost equally large number of small businesses close down for various reasons. Challenges facing small businesses are a combination of less controllable internal and external factors arising from personal attributes, technical skills, management competencies and behavior of the owner-entrepreneur that influence the chances of growth of entrepreneurship. Motives vary from those factors which ‘pull’ someone into starting their own business such as search for independence to those which ‘push’ an individual into self-employment such as the lack of employment alternatives.