Entrepreneurial Challenges Confronting Micro Enterprise of Malaysian Malays

• Main Authors: Abdul Jamak, Abu Bakar Sedek, Salleh, Rohani, Sivapalan, Subarna, Azrai, Abdullah
• Format: Citation Index Journal
• Published: 2010
• Online Access: http://eprints.utp.edu.my/9836/1/v59-167.pdf; http://eprints.utp.edu.my/9836/

This research focuses on micro-enterprise of Malaysian Malays that are involved in very small-scaled business activities. Among them include food stall and burger stall operators,night market hawkers, grocery store operators as well as construction and small service activities works. The study seeks to explore why some micro-entrepreneurs still lag in entrepreneurship and what needs to be rectified. This quantitative study is conducted on 173 Malay micro-enterprise owners (MEOs) and 58 Malay failed microenterprise owners (FMEOs) involved in all range of businesses throughout the state of Perak, Malaysia. The main aims are to identify the gaps etween the failed micro-enterprise owners (FMEOs) and existing micro-enterprise owners (MEOs) and the problems faced among FMEOs. The results reveal that the MEOs had strong motivations and better marketing approaches as compared to FMEOs. Furthermore, the FMEOs failed in the business ventures mainly due to lack of management, sales and marketing skills and poor competitive abilities to keep up with rivals.