The determinants of success for entrepreneurs in the Western Cape : the WECBOF case
Thesis (MBA)--Stellenbosch University, 2012.
ENGLISH ABSTRACT: Entrepreneurship is important to the growth of economies across the world. The businesses surveyed in this report are affiliated to the Western Cape Business Opportunities Forum and were winners and finalists in the Businessperson of the Year Competition. The Western Cape Business Opportunities Forum (WECBOF) was created to facilitate business opportunities and exposure for black and coloured people in the Western Cape. The Cape Flats have played an important role in the economy of the Western Cape in part as a result of an abnormal internal migration over the last 50 years. This population movement was the result of coloured people being affected by specific policies passed by the government of the time, in particular the Group Areas Act (Republic of south Africa, 1950). Through an analysis of empirical data this research project endeavours to facilitate a better understanding of the way in which entrepreneurs operating in small and medium business enterprises affiliated to the Western Cape Business Opportunities Forum (WECBOF) achieved success or ended in failure. This analysis hopes to contribute to the body of knowledge relating to entrepreneurship development in South Africa and in particular within the Western Cape. This research project adopts a statistical analysis approach by means of a questionnaire to examine the issues that relate to the success factors of entrepreneurs affiliated to the Western Cape Business Opportunities Forum. The results are presented in tabular format.