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| Impact of Entrepreneur Characteristics on Growth of Small and Medium Enterprises (SMEs) in Khyber-Pakhtunkhwa, Pakistan
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Sajad Ali, Anam Saleem, Ruqqia Zafeer, Fatma jaffar, Iqra wakeel
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Abstract:
This study aims to investigate the Impact of Entrepreneur Characteristics on the Growth of Small and Medium Enterprises (SMEs) in Khyber-Pakhtunkhwa, Pakistan. In this study, a cross-sectional research design, having both descriptive and explanatory features, has been employed. A total of 262 Owners/Managers of SMEs have participated in this study. The two districts Charsadda and Peshawar were selected purposely and the respondents were selected by using a simple random sampling technique. The data were analyzed by using SPSS V-22 and descriptive and binary logistic regression analysis (odds ratio) was applied. The findings of the study revealed that the age, gender, education level, experience, and financial literacy of the entrepreneur affect the growth of the enterprises significantly. The study recommends that the policymakers, wherever possible, should support and launch entrepreneurship education programs to ensure that education is given to the SMEs' entrepreneurs. There is a need of having entrepreneurship study as part of curriculum at primary and secondary level. By making business and entrepreneurship subjects compulsory, this will help to equip learners with appropriate business and entrepreneurial knowledge and skills which will encourage them to start and manage business successful. There is also a need for the government to make sure that, businessmen and women are enabled to have easy access to loans with reasonable conditions from banks and other financial intermediaries for expanding their businesses. The study findings reveal that there is need to put more emphasis on how to encourage women to engage in SMEs businesses.
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