Feedback Form
Home Features Mastermind Forums About Advertise Blog Network Contact Be An Author

SME's - the impact of regulation

SME's - the impact of regulation

In the previous article we looked at possible reasons/causes for why African governments overregulate. But what is the impact of that regulation?

Firstly my experience to date in a number of African countries shows that entrepreneurship fires are yet to be lit among the local populace. Overregulation is like pouring water on the fire before trying to light the fire. What entrepreneurial spirit exists is predominantly as a result of desperation. They are survivalist entrepreneurs. They are unemployable due to a lack of qualifications and/or skills. This is compounded by high unemployment rates. They are simply left with no choice but to start selling products on the side of the road.

The collectivism culture within Africa exacerbates this problem even further. So what is the solution?

Education!! The governments of Africa need to start a massive education programme that covers every age group within the populace. They need to show people that being an individual is not a bad thing. Wanting to succeed and get ahead of your friends, neighbours and family is a good thing. Wanting the better things in life is a good thing. That to achieve this requires an entrepreneurial approach and a whole lot of hard work! Find and highlight the few role models within the different communities. Show varying degrees of success, as it is not always about the super rich. Ensure you address each and every community in the country.

Other countries, developed ones too, have launched similar programmes. It is a slow process, and will require that we re-engineer the mental approach of the whole populace over a period of time. It needs culturally sensitive and relevant marketing and advertising. It requires a genuine partnership between business and government, as it is unlikely that governments will have the understanding to design this campaign.

Rob Smorfitt





SMEs the impact of regulation - To learn more about this author, visit Dr. Rob Smorfitt's Website.

Like this article? Share it with your friends

Article Feedback
 Article Feedback No article feedback found.
  Leave Your Feedback
article feedback

Article Feedback

To learn more about the Evan Elite Author Program please contact us.

About The Author


Dr. Rob Smorfitt
(Visit Dr. Rob's Website) Have an MBA and a PhD in entrepreneurship. Three key areas of ongoing research are entrepreneurship and innovation in large businesses, the impact of legislation on SMEs and SME finance. Run my own SME blog at http://sme-smb-smme.blogspot.com as well as an entrepreneurship and innovation for large businesses blog at http://innoveur.blogspot.com I have been self-employed since 1982. I have started or purchased in excess of 40 businesses since then. Most were sold again and a few were shut down because of a lack of profitability. Many were run by staff or family while I worked in full time employment in my bigger businesses. 6 books written in Entrepreneurship and Project Management educational field. Written articles for various magazines, newspapers and websites. Married with 3 children (22, 21 and 14).

Dr. Rob Smorfitt is a Platinum author on EvanCarmichael.com
About The Author

View Author Blog
SME, SMB, SMME, all the debate and info - A resource on SME, SMB and SMME.
SME, SMB, SMME, all the debate and info
View Author Blog

View Author Video
View Author Video

Free Downloads


Dr. Rob Smorfitt's

Complete
List Of
African-Accounts
Articles

Name
Email
If you enjoyed this article, get Dr. Rob Smorfitt's Complete List of African-Accounts Articles For FREE!

More Dr. Rob Smorfitt
SMEs should despots and dictators be given a free pass
SMEs why is franchising not more popular in Africa
SMEs Africa versus the Far East
SMEs the difference between entrepreneurs and franchisees
SMEs why communication is good for innovation
SMEs government purchasing opportunities
SMEs a wish list for Africa
SMEs entrepreneurs decoded
SMEs the impact of government mindset on entrepreneurship
SMES is government spending good for them
Free Downloads


 
 
 


Evan Elite Authors
Kim Castle  
Joe Dager  
Casey Gollan  
Evan Elite Authors

Become An Author
Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details.
Become An Author

Evan's Latest Video
Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media
Evan's Latest Video

Business Opportunities
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"

How to Start An Online Business

Click Here To Learn More
Business Opportunities



Evan's Newsletter
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
Name:
Email:
Evan`s Newsletter

Free Downloads
Serenity Cards Icon Serenity Cards
Email Overload Advice Icon Email Overload Advice
Instant Classified Advertising Icon Instant Classified Advertising
Networking Difference In A Decade Icon Networking Difference In A Decade
Online Marketing Course Icon Online Marketing Course
Free Downloads - Complete List

Entrepreneur Tools and Guides
Email The Reporters
Email The Reporters
Press Release Builder
 
Top 50 SEO Posts of the Year
Top 50 SEO Posts - 2007
Top SEO Posts of the Year
 
Entrepreneur Tools and Guides

SEO For Africa
SEO For Africa
Wasiu Idowu Lagos State, Nigeria,
Wasiu Idowu
Lagos State, Nigeria
SEO For Africa

If I Were A Startup...
Julie Mitchell, $470k to $1.1 Mil in 2 years
Julie Mitchell
$470k to $1.1 Mil in 2 years
Erez Zevulunov, $150k to $504k in 2 years
Erez Zevulunov
$150k to $504k in 2 years
If I Were A Startup... - Complete List

Famous Entrepreneurs
William Wrigley Jr., Wrigley
A.P. Giannini, Bank of America
A.P. Giannini
Bank of America
Famous Entrepreneurs - Complete List

Entrepreneur Advice
Keith Ferrazzi, Never Eat Alone
Keith Ferrazzi
Never Eat Alone
Michael Gerber, The E Myth
Michael Gerber
The E Myth
Entrepreneur Advice - Complete List

Popular Articles
(Premium Authors)


Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

More Evan Carmichael
More popular articles
- Trends in FDI in Developing Countries: Background
- Helping SMEs meet the requirements of formal financing - Increasing SME Access to Finance: A Four Pronged Approach
- Technology Transfer through Training Spillovers
- THE VIRTUOUS CIRCLE OF HUMAN CAPITAL FORMATION, INWARD FDI, AND TECHNOLOGY TRANSFERS
- III.a. B2C E-Commerce: E-COMMERCE AND SMALL ENTREPRENEURS
- Sectoral Trends of FDI in Developing Countries: Background
- BIBLIOGRAPHY: HUMAN CAPITAL FORMATION AND FOREIGN DIRECT INVESTMENT IN DEVELOPING COUNTRIES
- Expanding the supply of finance through the non-financial private sector - Increasing SME Access to Finance: A Four Pronged Approach
- Improving Management of Oil Revenue during Periods of Price Booms
- Has Privatisation Benefited the Poor?
- Customer Lead Management Relationship Software
More Information