Internal and external factors affecting the growth of SMMEs: A qualitative study

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Qualitative analysis reveals growth challenges for entrepreneurs in SMMEs, highlighting infrastructure and finance issues.

SMME growth is limited by financial illiteracy and inadequate infrastructure, which are critical barriers to success.
Business owners reported a 70%-80% failure rate within five years, underscoring the urgency of supportive measures.
An interpretivist qualitative approach involved semi-structured interviews with 12 SMME owners in Overstrand, revealing key insights.
The research suggests targeted skills programs and improved infrastructure are essential for enhancing SMME viability.

Basson et al. (2025) studied this question.

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