Department of Accounting

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Browsing Department of Accounting by Author "Buyinza, Benon"

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    Access to Finance, Business Envronment, Entrepreneur Expertise and SME Business Success.
    (2023) Buyinza, Benon
    The purpose of the study was to assess the relationship between access to financial capital, business environment, entrepreneur expertise and SME business success. The study was guided by three objectives name to establish the relationship between access to finance and SME business success. A cross sectional design was employed in this study to examine the relationship between financial capital, business regulation, entrepreneur expertise and SME business success. The population for this study comprised of 476 owners of registered businesses in Kampala Central Business District under Kampala Capital City Traders Association by December 2020 (KCCA, 2021). The sample was 210 entrepreneurs who were selected based on Krejcie and Morgan (1970) from the total population. Sekaran (2003) recommends that for research activities, the sample size of respondents should be determined using Krejcie and Morgan (1970) tables. Simple random sampling method was used to establish the respondents. According to Katebire (2007), it minimizes bias and every member stands chance of being selected. The findings showed a positive and significant relationship access to finance and SME business success. The findings mean that when there is an improvement in access to finance, this will improve business success. From the findings, it can be noted that business environment has a positive and significant relationship with the SME business success. This means that any positive change business associated with a positive change in SME business success. From the findings, it was indicated that there is a positive and significant relationship between entrepreneur expertise and SME business success. This implies that any positive change in entrepreneur expertise will result in a positive change in SME business success. The results revealed that access to finance, business environment, and entrepreneurial expertise combined have a variation in SME business success. Though there are other factors that were not considered in the study that can explain variance in SME business success. In conclusion, the success of small and medium-sized enterprises (SMEs) is influenced by several factors, including access to finance, the business environment, and the expertise of entrepreneurs. Access to financing allows SMEs to invest in their businesses and take advantage of new opportunities, while a favorable business environment provides SMEs with the resources and support they need to grow and succeed. Entrepreneurs with expertise can provide a competitive.