WHY ENTREPRENEURSHIP FAILS IN TANZANIA

In the global world of today it is seen that most of Tanzanians fail to undertake and practice entrepreneurship due to the following reasons;

• Fear and insufficiency in believing that one can make it.

Most of Tanzanians have fear that they can’t practice entrepreneurship due to ideology that it is hard to undertake.

• Lack of capital

Tanzanians people lack capital from banks and financial institutions that will make them to be responsive and act accordingly to make their efforts work out.

• Lack of knowledge on the issue

People of Tanzania lack knowledge on the basic skills that will make them strive or freely operate on the whole course of how to operate regarding the entrepreneurship matters. They lack basic skills onto how to personally employ them as the basic accepted knowledge is one man can never change.

Posted by Kapolesya Doreen