Journal of Entrepreneurship & Management

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A Study on Profitability and Problems of Retail Entrepreneurship in Visakhapatnam, Andhra Pradesh.


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1 Gonna Institute of Management, Visakhapatnam., India
     

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Entrepreneurship has greater significance for a developing country such as China, India. The major drawback that hinder a retail enterprise from being profitable is lack of planning, skilled professionals, poor talent mix and accessibility. The entrepreneurs should have up-to-date knowledge to cope with the changes. This paper has tested the hypothesis of differences in profitability of retail enterprises and problems of entrepreneurs among three segments (Trade, Manufacturing and Services) of retail sector and inferred that there are significant differences in problem of raw material, finance, technical and managerial assistance of entrepreneurs. No significant differences have been found in the problems of power, labor, marketing and profitability among three different segments of retail enterprises.

Keywords

Retail Entrepreneurship, Retail Segments, Retail Enterprises, Retail Sector, Entrepreneurial Opportunities, M- Commerce
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  • A Study on Profitability and Problems of Retail Entrepreneurship in Visakhapatnam, Andhra Pradesh.

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Authors

M. V. K. Srinivasa Rao
Gonna Institute of Management, Visakhapatnam., India

Abstract


Entrepreneurship has greater significance for a developing country such as China, India. The major drawback that hinder a retail enterprise from being profitable is lack of planning, skilled professionals, poor talent mix and accessibility. The entrepreneurs should have up-to-date knowledge to cope with the changes. This paper has tested the hypothesis of differences in profitability of retail enterprises and problems of entrepreneurs among three segments (Trade, Manufacturing and Services) of retail sector and inferred that there are significant differences in problem of raw material, finance, technical and managerial assistance of entrepreneurs. No significant differences have been found in the problems of power, labor, marketing and profitability among three different segments of retail enterprises.

Keywords


Retail Entrepreneurship, Retail Segments, Retail Enterprises, Retail Sector, Entrepreneurial Opportunities, M- Commerce

References