Question
Discuss five factors that may promote entrepreneurship in Kenya.
Answer
- Government support/favorable government policies may encourage emergence/expansion of business ventures.
- Education/training to equip trainers with skills to entrepreneurial activities.
- Entrepreneurial culture that encourage entrepreneurship to start/run a business.
- Presence of role models/interaction with successful business people who may inspire others.
- Availability of capital/loans/credit facilities for starting/expanding a business.
- Political stability/non-political interference that creates a conducive environment for expanding/starting a business.
- Availability of market/market information – where they can sell their goods/services.
- Good infrastructures hence facilitates access to markets.
- Education/training to equip trainers with skills to entrepreneurial activities.
- Entrepreneurial culture that encourage entrepreneurship to start/run a business.
- Presence of role models/interaction with successful business people who may inspire others.
- Availability of capital/loans/credit facilities for starting/expanding a business.
- Political stability/non-political interference that creates a conducive environment for expanding/starting a business.
- Availability of market/market information – where they can sell their goods/services.
- Good infrastructures hence facilitates access to markets.
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