Received: 2024-08-11  |  Accepted: 2024-11-26  |  Published: 2024-12-30

Title

Immigrant entrepreneurs' survival seeking via financial strategies


Abstract

Immigrant entrepreneurs are known to face challenges securing funding from conventional sources, prompting them to devise alternative strategies. Assuming bootstrapping is a method for generating capital without incurring debt or relinquishing equity, this article investigates the strategies immigrant apparel retailers employ in Cape Town. It examines how an entrepreneur's objectives for survival influence their choice of bootstrapping approach. A quantitative survey was administered to 135 immigrant apparel retailers drawn from Parow, Bellville, Wynberg, and Cape Town CBD, all of which are areas known for their high concentration of immigrant retail businesses. The Statistical Package for Social Science Software analysis suggests that the chosen bootstrapping methods strongly correlate with the survival goal of the retail apparel business. The results of this study highlight the importance of survival goals in financial management strategies and, as such, may enhance our understanding of immigrant entrepreneurship within the Cape Town apparel sector. Beyond this, it may also offer critical insights for decision-makers and businesses to leverage immigrant entrepreneurs' economic and social potential.


Keywords

immigrant entrepreneurs, financial bootstrapping strategies, retail apparel businesses, survival goal, Cape Town Metropole


JEL classifications

M10 , M14 , M38


URI

http://jssidoi.org/ird/article/180


DOI


Pages

107-123


Funding


This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Kum, Philemon Nji
Cape Peninsula University of Technology, Cape Town, South Africa https://www.cput.ac.za
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Talom, Frank Sylvio
Cape Peninsula University of Technology, Cape Town, South Africa https://www.cput.ac.za
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Tengeh, Robertson Khan
University of the Western Cape, Cape Town, South Africa https://www.uwc.ac.za
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Iwu, Chux Gervase
University of the Western Cape, Cape Town, South Africa https://www.uwc.ac.za
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Journal title

Insights into Regional Development

Volume

6


Number

4


Issue date

December 2024


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1244  |  PDF downloads: 456

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