Abstract
The research study evaluated the business characteristics with a view to identify business characteristics that result in fast growth of MSE. Primary data, through structured questionnaire, were collected from the samples of 99 MSEs randomly selected from Addis ketema and Areda sub city. Data were analyzed using both descriptive and inferential statistics with the help of SPSS. By using this software, analysis of variance was carried out to examine the variation in the growth of MSEs related to the variation in each of the independent variables. As two dependent variables were used to measure growth in this study, the result of this software shows different statistical result for both of them. The ANOVA and t-test result indicates, there is a significant variation on the growth of MSEs in relation to the variations of type of business, legal status, formal record and competition level if growth is measured using asset growth. If growth is measured using employment growth, the deference in types of business and having formal recording practice brings difference in growth. But the ANOVA and t-test result shows there is no significant difference in growth with respect to the difference in registration with MSE office and age of business whether it is measured with asset or employment growth.
Highlights
IntroductionSmall enterprises are seen as an essential springboard for growth, job creation and social progress
In all successful economies, small enterprises are seen as an essential springboard for growth, job creation and social progress
This study aims to fill the gap in the current debate on the characteristics off micro and small enterprises (MSEs) that result in fast growth
Summary
Small enterprises are seen as an essential springboard for growth, job creation and social progress. These enterprises have been recognized as the engines through which the growth objectives of developing countries can be achieved. The sector is claimed to be a breeding ground for development of industrial skill and entrepreneurships. It upgrades indigenous technologies, including exploitation of locally available raw materials with lower capital, flexible to local market conditions and with less requirement of infrastructure development and utilities. Failure is not the sole reason for enterprises to leave the business, many enterprises do fail each year [1]
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