Determinants of Micro and Small Enterprises Success: The Case of Ambo Town, Ethiopia
- Corresponding Author:
- Alemu KS
Ambo University, Ethiopia
E-mail: [email protected]
Received Date: March 15, 2016; Accepted Date: May 10, 2016; Published Date: May 19, 2016
Citation: Alemu KS, Dame DB (2016) Determinants of Micro and Small Enterprises Success: The Case of Ambo Town, Ethiopia. J Tourism Hospit 5:214. doi:10.4172/2167-0269.1000214
Copyright: © 2016 Alemu KS, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Over the years, some of the MSE have grown extremely large and profitable and on the other hand, many others have failed or have not been as successful as they might have been. Even if their enormous contribution to economic development and employment is undeniable, government’s policy still fail to identify the determinants that are responsible for the growth and failure of MSE. So the research study was undertaken with the intension of identifying those factors responsible for success and failure. Data was collected from MSE in Ambo and the regression result shows that only Age of business, record and borrowing were seen as significant in predicting the business success with p values less than 0.01.