Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences
Vol 5, No 1 (2022): Budapest International Research and Critics Institute February

Causes of Failure on Entrepreneurship in Order to Achieve SDG 8

Ratna L. Nugroho (Unknown)
Hanif Ibrahim (Unknown)



Article Info

Publish Date
12 Feb 2022

Abstract

The role of entrepreneurship is very important to achieve SDG 8. The ratio number of entrepreneurs in Indonesia is below 14% of the population. It happens because many people have failed to running a business. The one of reason is such the effect of COVID-19 pandemic. This study aims to find what factors cause failure in entrepreneurship. The factors who associated with failure in entrepreneurship are managerial incompetence, neglect, weak control systems, and insufficient capital. This research method uses a qualitative method with in-depth interviews for data collection. Respondents who were involved in this study were four MSME (Micro Small Medium Enterprise) who have low sale because of the COVID-19 pandemic. Based on the results for the managerial incompetence, entrepreneurs haven’t made business planning, lack business knowledge, marketing management, and others. In the neglect category, entrepreneurs have bad time management and they open new business who not in accordance with their main business or expertise. In the weak control system category, entrepreneurs not control the process of production, inventory, and finance. They don’t separate their organization based on job function. In the insufficient capital category, entrepreneurs struggle to get the loan, and not prepare sufficient capital.

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Journal Info

Abbrev

birci

Publisher

Subject

Religion Arts Humanities Economics, Econometrics & Finance Social Sciences

Description

Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences is a peer-reviewed journal published in February, May, August and November by Budapest International Research and Critics University Journal (BIRCU-Journal). BIRCI welcomes research papers in ...