Challenges and Prospects of Entrepreneurship Development, the Case of Burayu Sub City

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.