Influence of Socio-Economic Status on Indigenous Entrepreneurship Success in Windhoek, Namibia

Abstract

This chapter assessed the influence of socio-economic status of indigenous entrepreneurs on the success of their business ventures. A survey was conducted by administering a structured questionnaire to some randomly selected small scale indigenous enterprises in Windhoek. The study found that socio-economic status indicated by age, gender, level of education, sources of funds, income, business category, and registration status has a major influence on the success of indigenous entrepreneurial ventures. The study recommends that indigenous entrepreneurs should pursue a broader range of businesses. Increased efforts to register businesses, access to funding, and support for skills development should be supported by the government.