Home Features Mastermind Videos About Advertise Blog Network Contact
   

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?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Respondent Profile : Exploring entrepreneurship in a declining economy

 
African Accounts - Meet The Authors
Andrew , amGLOBAL Consulting Andrew Mack
amGLOBAL Consulting
United Nations , Resource United Nations Capital Development Fund
Resource
Rob , MainSpring Rob Smorfitt
MainSpring
Microfinance , Resource Microfinance Gateway
Resource
African Accounts - Meet The Authors
Respondent Profile : Exploring entrepreneurship in a declining economy
   

A majority of the 81 entrepreneurs surveyed were males (72%) and operated in the capital city of Maiduguri (52%). The rest of the respondents operated in the major cities of the state. With an average start-up age of 34.7 years, the typical entrepreneur appeared to be experienced in one activity or the other before the start-up. To follow this up, the last job engaged in by the respondents was investigated. As revealed in Table 1, only 19% of the respondents reported being either unemployed (10%) or were students (9%) before the start-up. The rest were managers (31%), professionals (20%), supervisors (20%), and operatives (11%). Forty-three of the respondents (53%) reported having no business relationship at all with their former employers after starting their businesses. However, 22% of the respondents considered their former employers as their direct competitors. Table 1 also revealed that the sample was concentrated in the service sector as opposed to the manufacturing and construction sectors.

Fifteen of the respondents (18%) come from sectors other than service, construction and manufacturing. They mainly come from restaurant, retail and wholesale sectors. The average firm in the study is ten (10) years old and employs up to eleven (11) workers.

Out of the 81 respondents, 39 reported to have received support from the institutionalized enterprise support programs and initiatives. Of the 39 responding firms that received support, 18 received financial support, 10 received non-financial support and 11 received both financial and non-financial support. Forty-two of the total responding firms did not receive any support whatsoever from any of the institutional supporting agencies running the support programs and initiatives. Eighteen of the 42 firms without support were ignorant of either the existence of the supporting agencies or the kind of support that they provide to the small business community. Twenty-three knew about the agencies and their programs but did not bother to solicit assistance because they considered the areas of support available to them as "useless" (13 respondents) or thought that only people with connections got support (10 respondents). The remaining 10 of the 42 firms without any support applied for support but did not receive any. Four firms applied without success on more than three occasions and they did not plan to apply again.

Exploring entrepreneurship in a declining economy Journal of Developmental Entrepreneurship, Apr 2000 by Yusuf, Attahir, Schindehutte, Minet

To learn more about this author, visit Journal of Development Entrepreneurship's Website.

Like this article? Share it with your friends


Related Articles Related Articles
The Nigerian Context - A Story of Decline: Exploring entrepreneurship in a declining economy
  Nigeria is usually referred to as the giant of West Africa in that, with a population estimated at over 100 million, one in every two West Africans is a Nigerian. The country's GDP is larger than that of all the oth...
17.0 What Needs to be Done - Mainstreaming Entrepreneurship: Entrepreneurs and entrepreneurship in Africa
  The fourth and final factor that is needed involves the mainstreaming of African entrepreneurship. There has been a tendency to treat entrepreneurs either as marginal members of society and the economy, or to romant...
Respondent Profile : Exploring entrepreneurship in a declining economy
  A majority of the 81 entrepreneurs surveyed were males (72%) and operated in the capital city of Maiduguri (52%).
Exploring entrepreneurship in a declining economy
  The paper explores entrepreneurship in a period of economic decline by identifying reasons for business start-ups under such conditions and examining whether the reasons were extrinsic in nature and entrepreneurial ...
Methodology : Exploring entrepreneurship in a declining economy
  A sample of 160 entrepreneurs located in different parts of Borno State in the North Eastern part of Nigeria was randomly selected from a list of small businesses furnished by the Ministry of Trade and Industry. The...

Related Forum Posts Related Forum Posts
Profiles of Women Entrepreneurs - Bravado Designs Profiles of Women Entrepreneurs - Bravado Designs
Dani Johnson Profile Dani Johnson Profile
What do you do to give back? What do you do to give back?
Young Entrepreneur Organization - All You Need To Know Young Entrepreneur Organization - All You Need To Know
New Profile - Akio Morita From Sony New Profile - Akio Morita From Sony
Welcome Welcome
Vivienne Westwood profile Vivienne Westwood profile
New Profile - Li Ka Shing New Profile - Li Ka Shing

 
About the Author


Journal of Development Entrepreneurship
(Visit Journal of's Website)
The Journal of Developmental Entrepreneurship (JDE) provides a forum for the dissemination of descriptive, empirical, and theoretical research that focuses on issues concerning microenterprise and small business development, especially under conditions of adversity.
Have A Suggestion?

View Author's Video
Become An Author

Free Downloads


Journal of Development Entrepreneurship's

Complete
List Of
African-Accounts
Articles


First Name
Last Name
Email
 
If you enjoyed this article, get Journal of Development Entrepreneurship's Complete List of African-Accounts Articles For FREE!
Become An Author