Challenges for Small Scale Village Businesses

Village populations in PNG are growing rapidly and new business opportunities are needed to provide employment.

Village populations in PNG are growing rapidly and new business opportunities are needed to provide employment.

It is well documented that globally micro/small businesses financially underpins a countries economy by a minimum of 60% of its GDP with an employment rate of approximately 70%.  Papua New Guinea is a country with high population growth with prospects for increased economic development predominantly in agriculture, fisheries, mining and services sector.

However, a shortage of entrepreneurial skills is widely evident in the micro/small business opportunities for a variety of reasons. A lack of entrepreneurial tradition, impacts of cultural and social traditions, land ownership, training, and availability of financial credit, all contribute to the challenges of adopting and implementing a sustainable enterprise at this village level.

The research in this project will explore and examine the entrepreneurial opportunities and the individual/community capacity for the development of sustainable small scale village ventures in an attempt to develop business models to potentially increase/improve the social and economic village environment.

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