Challenges

Mean

Std. Dev.

RII

Rank

RII Index

No business plan for acquisition of capital from financial institution

4.7

0.702

0.94

1st

High importance

High initial capital

3.97

1.098

0.793

2nd

Medium importance

Little or no knowledge in the firm or product

3.87

1.252

0.773

3rd

Medium importance

Entrepreneurs do not get the required training

3.63

1.402

0.726

4th

Medium importance

High technology

3.5

1.167

0.7

5th

Medium importance

Unreadily availability of equipment

3.43

1.194

0.686

6th

Medium importance

High taxation

3.3

1.418

0.66

7th

Medium importance

Dominant policies

3.22

1.204

0.643

8th

Medium importance

Non stability of the industry

3.2

1.215

0.64

9th

Medium importance

Unreadily availability of required labour and skills

2.79

1.544

0.558

10th

Low importance

Unreadily availability of materials

2.7

1.291

0.54

11th

Low importance