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Performance of Small and Micro Enterprises in Hargeisa Somaliland
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91 b
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Governments worldwide have acknowledged the impact of Micro and Small Enterprises (SMEs) on job creation, improvement of people's standards of living and hence an overall impact on the economy. However, despite government efforts in Somaliland to promote SMEs activity, less progress seems to have been achieved, This study Investigated Factors influencing the Performance of Small and Micro enterprises (SMEs) in Hargeisa City, Somaliland. A descriptive Survey employing the use of questionnaires, an interview and observation schedules were used to collect data from a sample size of 152 Micro and small enterprises picked from a population of 1500 operating within and around a 400 meter radius of Hargeisa City. The study established that access to finance, the government policy and regulations and lacking adequate marketing skills to operate the business perfectly well affected performance of SMEs.
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