Influence of Socio-Economic Status on Indigenous Entrepreneurship Success in Windhoek, Namibia

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Author(s): Blessing Tafirenyika (International University of Management, Namibia)
Copyright: 2023
Pages: 15
Source title: Context, Policy, and Practices in Indigenous and Cultural Entrepreneurship
Source Author(s)/Editor(s): Wilfred Isak April (International University Management, Namibia), Anthony Adeyanju (International University of Management, Namibia)and Blessing Tafirenyika (International University of Management, Namibia)
DOI: 10.4018/978-1-6684-7578-2.ch007

Keywords: Business Science Reference / Culture & Population Studies / Entrepreneurship / Social Sciences & Humanities

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Abstract

This chapter assessed the influence of socio-economic status of indigenous entrepreneurs on the success of their business ventures. A survey was conducted by administering a structured questionnaire to some randomly selected small scale indigenous enterprises in Windhoek. The study found that socio-economic status indicated by age, gender, level of education, sources of funds, income, business category, and registration status has a major influence on the success of indigenous entrepreneurial ventures. The study recommends that indigenous entrepreneurs should pursue a broader range of businesses. Increased efforts to register businesses, access to funding, and support for skills development should be supported by the government.

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Influence of Socio-Economic Status on Indigenous Entrepreneurship Success in Windhoek, Namibia

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