Problems Of Starting Entrepreneurship In Kazakhstan
By: Steve Patterson
Submitted: 2010-05-04 05:58:30 | Word Count: 473
It is not an easy task for anyone to start a entrepreneurship without analyzing the possible risky factors and the available chances. The growth of entrepreneurs highly depends upon the policy makers. Yes, the policy makers are having more responsibilities for making a favourable surroundings for helping a business rather than giving birth for a barriers.The Kazakhstan is one of the developing country which is having a major role for improving our world economy. The Kazakhstan is well known for its supply of oil and gas. It also having some reasonable improvements with their agricultural sectors.Due to increase in their economy, it invites anyone to do business be it small or big.As from the recent reports, it said that, nearly $5 millions of entrepreneurs are seems in the country. The entrepreneurship's are growing rapidly in day by day basis.
The obstacles faced by entrepreneurs till now:
In Kazakhstan, one can be possible to see numbers of small businesses which is mushrooming up in daily basis.When speaking about the obstacles or barriers that every small enterprises are facing is reasonably more.The taxing charges are immensely more which cannot be beneficial for both small as well as for medium size enterprises. When comes to safety, the security is not up to the mark. Therefore, keeping this in mind, most of the enterprises are spending more money for their protections.
They are paying reasonably bulk of money to the local mafias as well as to the government in order to run a business with full safety.Apart from it, lack of deep analysis, lack of information, underdeveloped institutional sources of seed capital are some of the other barriers which can cost up the businesses effectively.When comes to small or medium size enterprises, the financial support cannot be evades at any cost.However in Kazakhstan, there has been lack of financial supports.
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Interference of government-one of the barriers for the enterprises:
Therefore, most of the enterprises are affecting by it.The high interest rates as well as high tax levels are yet other barriers that most of the entrepreneurs are still facing a high burdens on their own head. As from the recent survey, it tells that available of too many regulatory controls in Kazakhstan are the main roots for a problem. The interference of government is merely high which is also a major reason for making every entrepreneur to worry.
The technology is vital for a business even for a small capital business. But in Kazakhstan, there has a deficiency in technology. In turn, it may affect any forms of businesses without giving any excuses.The unavailable of entrepreneurship training, untrained business employees, lack of getting information from others are also some of the barriers seems in this country when initiating a small or medium size enterprises.
