An Entrepreneurial Development Framework for SMEs in South Africa

Small and Medium Enterprises (SMEs) are engines of growth. It has been determined globally that these enterprises are the largest employers in the economies. SMEs fail fundamentally to succeed in South Africa. Many challenges and barriers were identified as the reason why the enterprise fail to survive or succeed for at least 42 months. The Turkish government succeed to improve the economy and therefore Turkey is positioned the 17th in the world based on the Gross Domestic Product. A case study research approach is utilised to address five propositions that contribute to research this goal. The study finds a positive relationship between economic growth, a meaningful enterprise development support system, education and training, critical success factors and entrepreneurship and the perceived success of entrepreneurial ventures in South Africa. The establishment of SMEs will result in employment, social stability, economic growth and the generation of tax revenues. The purpose of an entrepreneurial development framework is to ensure sustainable economic development and prosperity of South Africa.

Autorentext

An Entrepreneur at heart who grew up with a father who was a successful entrepreneur, provided the perfect environment to learn about business. Professional with proven ability to drive business development that delivers revenue growth, market share & market penetration. I am committed to assist the young entrepreneurs to improve their businesses.