Informal Sector and Government Policy in Ethiopia

Bygrave, W.D. & Zacharakis, A. (2014). Entrepreneurship, 3rd ed. Hoboken, NJ: John Wiley & Sons, Inc. ISBN: 978-1-118-58289-3

This document is authorized for use only by Rachel van Munster in Entrepreneurial Law and Finance taught by Rafael P. Ribas, at HE OTHER from February 2015 to March 2015.

Faultfinders portray Karuturi as a neo-colonialists snatching Ethiopia's property at dealing costs and sending out sustenance while Ethiopians go hungry. Yet, proprietor of Karuturi says, sustenance developed here will be expended here. What Karuturi is doing is definitely what Africa needs, needs and merits. Karuturi is putting in their cash into Africa which no one else is doing. Karuturi says his apparatus dramatically increases the yield of customary ranches and makes employments where there were none. Ababul Megari a laborer in the area says she gains 80 pennies a day reaping maize on the Karuturi ranch, west of Addis Ababa, is transforming her life. She says I don't have my own property, so I have no real way to sustain my own particular

(3) Moreover, to obtain his information, a questionnaire was developed which included mixtures of scaled, dichotomous, multiple choice, open ended and rank-order questions. (3) Hisrich findings were divided into four areas; the demographic composition and background of the entrepreneurs, the nature of their business ventures, the skills, and personalities of the entrepreneurs as well as the problems confronted in starting and operating a new venture. (3) In the sample entrepreneurs were between the ages of thirty-five and forty-five; in which sixty percent were married and had children. (3) Forty-two percent were first-born children in their families, and the majority grew up in lower or middle class environments.

Every start-up needs financial support to achieve high aims. Global economy conditions have come up with some reality base difficulties for new start-ups but these difficulties cannot delay the establishment of entrepreneurial companies. On the other hand, challenges of globalisation are bothering mature companies to produce more innovative, environment friendly, qualitative and economic products or services. Automatically, it is a threat for new start-ups to be more sufficient and efficient for survival and then to be a mature company to gain marketplace. The notion of entrepreneurship varies according to the situation of the target market. New start-ups need delegation, resources and expertise to grow it and to follow different stages of business growth (Baron, 2012).

(Business Management: a contemporary compilation). The Growing interest in the area of Entrepreneurship has developed in changing roles of small businesses. Small Entrepreneurship has great potential in developing countries. Due to Statistics and analysis of several countries, it is shown that Small Industries have grown faster than large industries. Large Industries lost jobs as Small Industries created workplaces. The Focus is on Small Industries which led to the main source of employment in the country.

This is not the case always, for example the culture plays an important role in this entrepreneurial process. Turkey has a stable economic and political conditions, variety of industries are performing well in the domestic market, the customers are early adopters which are all good signs for entrepreneurship, but only 6% of the population of entrepreneurs because they have limited capital, large ponderous bureaucracy with many regulations though the regulations fail to protect the intellectual property. Let us consider Uganda on the other hand, contrary to the stable government of Turkey, Uganda has a violent past, but they have the highest entrepreneurship rate of 28%, from hand crafted furniture, trinkets, cobblers, honey makers, everyone is selling something. There may not be a Steve jobs or Bill gates but most people embody the entrepreneurial spirit. High unemployment and survival rate are the key factors driving the entrepreneurial spirit in Uganda, there are also other factors in place. The initiative to lay down fiber optic cables has enabled the country to link even the rural villages to various resources. In this case we can observe two important factors such as necessity (Uganda) and choice (Turkey) at play here which are mainly based on the culture and history

This assignment is being submitted January 15, 2016 for Dr. Leyland Lucas’s ENTR.664 Entrepreneurship course being offered in Winter 2016

Despite being an intimidating prospect for most people, there are millions of entrepreneurs in the US. Some of them turn out to be very successful, others, not so much. There are many steps to starting and running a business, but many of them can be easily accomplished simply by filling out some forms, and several small fees.

If someone decides they are education enough in the business they are opening, sole proprietorship is the way to go. The most common and easiest from of business is sole proprietorship. Now what exactly is a sole proprietorship? A sole proprietorship is a business ran exactly by one person. Just about anyone can do this, for example someone can be selling their own personal artwork. This might not exactly be a business, but that single person is running it, and is their own boss. Seen in the eye of others this will be seen as a sole proprietorship. Next is the formation of a sole proprietorship. Starting a sole proprietorship is not difficult at all. A name must be registered, which is not a hard task to accomplish. Then the business must be registered and receives a license and or certificate. Finally a small tax must be paid, which will not be a significant

What is interesting about many businesses that are home-based is that a majority of them do no possess the same characteristics as a traditional business would, “These ventures may or may not be formally registered, typically have no premises, very few assets,

serve the public at a low start up price. Second, not many are willing to open

Many economists describe the concept of entrepreneurship differently; additionally, the core characteristics of an entrepreneur vary with different definitions. Kuratko (2008, p. 20) defines an entrepreneur as an individual who comes up with products, in the form of goods and services, that are in demand by the public but are not being supplied. The traditional ways of defining an entrepreneur is changing with the different ventures that people are undertaking in the society today. The rise in social

The researcher believes that education play important role for promoting young entrepreneurship in the country. Therefore, the researcher recommends Indonesia to create awareness among society to promote entrepreneurship by providing early access on entrepreneurship education. This recommendation could be achieved by advise formal institutions to provide early entrepreneurship courses at school; and encourage business accelerators and incubator to involve on giving training,

To investigate and compare the role of entrepreneurial education between public and private universities students