Impact of Start-up Capital on the Growth and Sustainability of Established Small Businesses in the Northern Namibia. A Case Study of Oshakati
Abstract:
This study investigates the impact of
start-up capital in the growth and sustainability of existing enterprises in a
rapid growing town in the northern Namibia known as Oshakati in Oshana region. Using
a qualitative research technique, the experiences and viewpoints of local
entrepreneurs were collected to gain a better understanding of the obstacles
and possibilities encountered. A case study design was used, with purposive
sampling whereby eight firm owners with experience in start-up financing and
operations were included. Data were gathered through semi-structured
interviews, providing deep insights into their business paths. Thematic
analysis was performed to extract essential patterns and themes from interview
transcripts. The findings demonstrate that start-up funding has a considerable
impact on business growth, operational capability, and market reputation.
However, entrepreneurs confront obstacles such as restricted access to
institutional capital, poor financial management, and heavy loans. The study
suggests that increasing access to inexpensive financing and financial literacy
are critical for long-term business viability. Government-backed low-interest
loans, business training programs, and community-based funding efforts are
among the recommendations to help Oshakati's small companies. Future
researchers could investigate the long-term effects of start-up money on
business sustainability in different Namibian towns, allowing for broader
comparisons and generalizations. Researchers should look on the role of digital
financial instruments and mobile banking in increasing access to start-up
finance for rural entrepreneurs.
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