Title page for ETD etd-07152012-125050


Document Type Master's Dissertation
Author Machio, Christopher Nyongesa
URN etd-07152012-125050
Document Title Use of entrepreneurial capital for new firm formation in SA
Degree MBA
Department Gordon Institute of Business Science
Supervisor
Advisor Name Title
Ms Z Ismail Supervisor
Keywords
  • South Africa
  • entrepreneurial capital
  • entrepreneur
Date 2012-03-08
Availability unrestricted
Abstract
This research was aimed at determining the role of entrepreneurial capital in the transition of entrepreneurial businesses from the start-up to the new firm status. New firms are important in any given economy because they create jobs, and the South African economy requires many of them because of the high endemic levels of unemployment. Even though the South African government has policies in place to support entrepreneurs, global entrepreneurship reports have indicated that the rate of formation of new firms has always been lower, sometimes by up to 50%, than the rate of formation of start-up firms, indicating the high mortality rate of start-up firms.

We have taken the view that businesses fail because of the inability of the owners to address operational problems. The processes employed by entrepreneurs in South Africa in the early stages of the firm to solve these problems are not very well known. This project was exploratory and qualitative in nature and was aimed at documenting some of these processes. Entrepreneurial capital, a collection of the resources inherent in the business was used as the framework of analysis. We observe a strong effect of elements of the framework, especially work experience, in the solutions offered by the participants in this study. We provide suggestions to current and potential entrepreneurs on what problems to expect and how to solve them.

2011, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria.

Please cite as follows:

Machio, CN 2011, Use of entrepreneurial capital for new firm formation in SA, MBA dissertation, University of Pretoria, Pretoria, viewed yymmdd < http://upetd.up.ac.za/thesis/available/etd-07152012-125050/ >

F/12/4/688/zw

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