Abstract:
This study intends to assess the challenges and prospects of entrepreneurship development in
Burayu sub city, Oromia Region. For accomplishing this purpose, the study used descriptive
research design and qualitative and quantitative research approach. In addition, the study
also employed both purposive and simple random sampling techniques. Moreover, in
conducting the study, the researcher employed data collection instruments like
questionnaires and interviews. Accordingly, the in relation to the prospects of
entrepreneurship development, study found out that, entrepreneurship development
implemented in the Burayu sub city has a vital role increasing innovation and creativity,
promoting industrial development, upgrading technology and accelerating economic growth.
The findings also identified that, there are different types of challenges that hindering the
development and implementation of entrepreneurship in Burayu sub city. These are, lack of
infrastructure, absence of credit access, luck education and training, inefficient service
delivery, lack competent personnel. Thus, researcher recommends that, the city
administration needs to build the system that will promote entrepreneurship by encouraging
the linkage between micro finance institution and enterprise, improving infrastructure
facilities, and teaching entrepreneurship course in school so as to promote enterprises based
on the demands of the economy.
