Failure of Small Business in Pakistan

OBJECTIVES OF RESEARCH ON FAILURE OF SMALL BUSINESS IN

PAKISTAN

 In starting a business lack of personal experience, expert skills say for making
financial projections, design, information, and weak and pirated idea, short access
towards market, avoidance of feasibility analysis leads to business failure.

 The role played by Govt. is not in accordance with the standards needed to make a
small business successful rather it acts as a big hurdle in the way of doing a small
business.

 The economic system and market structures prevailing in the Pakistan are said to
be the main problems faced by the small business entrepreneurs in establishing
and operating their businesses. Whose end result came out to be the business
failure lead by bankruptcy?
Failure of Small Business in Pakistan

Starting a Small Business

1) What kind of business are you in?

2) Why you start this specific business?

3) Where did your business idea originate from?

4) What was the process that led you to it?

5) How did you think of it?

6) What were your sources of information?

7) Do any training facility is made available in respect of starting a new small

business?

8) Does proper information was made available to you by Govt. side?

9) Who were your advisors?

10) Is the idea was original or pirated one?

11) Did it start a market? Or did you imitate others?

12) What were you doing before this?

13) Did you do a feasibility analysis? Did you do it yourself?

14) Did you get any expert help?

Failure of Small Business in Pakistan

15) In your entire startup phase did you need any expert skills say for making
financial projections, design, marketing etc.? Were they available? Did you use
them?

16) How long did it take you to take up to set up business?

17) What was your source of financing?

18) Does finance was easily available?

19) How high or low interest rate effect your new established business?

20) Do you have to bear a high interest or not?

21) Did you use any formal financing or Informal financing?

22) Any type of Govt. Subsidy provided in the finance category?

23) Do you have any equity partners?

24) How did you choose this location? Reasons for your choice?

25) What were the other choices? Did you have many choices?

26) Is it easy to find business locations?

27) Do you own your premises or rent? Which is more advantageous?

28) How long did it take to start actual market transactions from the inception
Of your idea?
Failure of Small Business in Pakistan

29) What market imperfections did you face?

30) What kind of labor if any did you need? Any skills required from labor side?

31) Do you have ever faced the failure of your business?

32) Could these were the main factors?

a) Bad planning
b) Lack of finance
c) Poor market conditions
d) Lack of advice
e) Bad government policy and regulation
f) Economic Infrastructure of Pakistan
Failure of Small Business in Pakistan

Govt. Rules and Regulations

1) How many government regulations did you have to contend with?

2) What affect does the government have on the running of your business?

3) Does the government policy facilitate in your business?

4) Does Govt. policies are flowing with the market and business needs?

5) Does Govt. is providing any type of assistance in your business?

6) What kind of subsidies is provided to you by Govt.?

7) Subsidy provided in electricity & gas utilities?

8) Does Govt. is providing any subsidies in finance?

9) Do these subsidies are enough?

10) What would you say about current Govt. policies for small businesses?

11) What do you think about local Govt. and their policies?

12) Do these policies cope up with your business?

13) What do you think about Infrastructure? City and government infrastructure? Is it
adequate?

14) Is the federal government, provincial and city government helpful to your
Business?
Failure of Small Business in Pakistan

15) Does labor laws are favorable?

16) Poor governance, does it affect your business? Weak law & order structure?

17) Do Govt. policies are helpful in the expansion of your business?

18) Which level of government facilitates expansion? City or federal or provincial?

19) Which level of government hinders expansion? City or federal or provincial?

20) Does Govt. policies are narrated to you properly?

21) What would you say about tax system in Pakistan?

22) Do tax rates declared by Govt. have made any harm to your business?

23) Or you are satisfied with that?

24) Do tax rules are satisfactory? Or needs modification? Narrate any?

25) What recommendations do you suggest to make Govt. policies more effective? Or
you are satisfies with them? Explain your each option?
Failure of Small Business in Pakistan

Economy
1) How would you view the economy of Pakistan?

2) Can you evaluate it in respect to your business?

3) Does the economy is close or open?

4) Is close economy is more supportive or open one?

5) Which kind of relations do you find between your business and the economy?

6) Is it supportive or not?

7) Does economic structure is helpful in making your business to grow?

8) Or it came out to be one of the main hinders in the growth of your business?

9) What recommendations do you suggest? Explain each your point?

10) What you say about the market in which you are doing business?

11) What kind of market do you really serve?

12) What sort of input & output market do you serve?

13) Does the market is open or close?

14) Market is competitive or aggressive?

15) Market competition is constructive or destructive?

Failure of Small Business in Pakistan

16) Do there is constructive aggressiveness or leg pulling concept is applied?

17) What marketing techniques and resources do you have at your disposal?

18) Does marketing facilities are easy available? Or at high cost?

19) Method for marketing adopt by you to market your product?

20) Do you use the media? If so what kind and how?

21) How consumer natures effect your marketing efforts?

22) Do market perception effects yours business largely?

23) Do you adopt market research before taking any decision?

24) Do you use financial markets? Banks, Stocks, Insurance, Hedging instruments?

25) Explain the sort of market segmentation through national frontiers?

26) Do you have a liberty to market your product in every part of Pakistan? Or there
are legal as well as boundary limitations?

27) Any kind of recommendations do you suggest? Explain each your point?
Failure of Small Business in Pakistan