Received: 2019-08-10  |  Accepted: 2019-09-20  |  Published: 2019-12-15

Title

Obstacles and success factors for entrepreneurship: a comparative analysis between Egypt and Nigeria


Abstract

This study investigates the obstacles and success for entrepreneurship at Africa The study also provides a framework for determinants of entrepreneurship that includes three groups of factors: (1) obstacle factors, which include financial and non-financial obstacles; (2) success factors, which include gaining an understanding of the economic environment, determining market gaps, ensuring capital adequacy, and creating a stable cash flow; and (3) business model characteristics, which include benefits for clients, suppliers, founders, investors, and other stakeholders. The study hypothesizes hat there is a relationship between the second and third groups, which creating a new value chain (tangible or intangible) to the society with support from stakeholders. A questionnaire survey was conducted with founders, investors, corporate managers, financial analysts, academics, and graduates who seek new projects from Egypt and Nigeria, and 395 questionnaires were received in the second half of 2018. The study found a difference in entrepreneurship nonbanking and non-financial obstacles between Egypt and Nigeria. This can be explained by differences in the level of efficiency of the stock exchanges and non-banking services, in addition to the differences in legal environments and levels of corruption between Egypt and Nigeria. Moreover, future directions of entrepreneurship are similar across countries, but age has an impact on these directions.


Keywords

entrepreneurship, business model, entrepreneurship obstacles, entrepreneurship success, Egypt, Nigeria


JEL classifications

M13 , L22 , L26


URI

http://jssidoi.org/jesi/article/415


DOI


Pages

962-976


Funding


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

Authors

Wagdi, Osama
Modern University for Technology and Information, Cairo, Egypt http://www.mti.edu.eg
Articles by this author in: CrossRef |  Google Scholar

Hasaneen, Amira
Modern University for Technology and Information, Cairo, Egypt http://www.mti.edu.eg
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

7


Number

2


Issue date

December 2019


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 2149  |  PDF downloads: 678

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