Recent research suggests that small enterprises in developing countries face a number of challenges to growth, including lack of skills, capital constraints and poor self-control. This report details the initial results of a rigorous evaluation designed to understand some of the issues that constrain young entrepreneurs. The project employs a gold standard methodology to understand what constrains businesses from growing, and what can be done to overcome these constraints. Different mechanisms for assisting entrepreneurs were evaluated in Uganda.
Fiala, N. The Role of Business Skills and Capital Constraints in Micro Enterprise Development. IGC Working Paper. International Growth Centre (IGC), London, UK (2012) 28 pp.