Factors Affecting Entrepreneurial Psychological Certainty over Business Planning: A case of MSEs Sector in Benishangul Gumuz Regional State in Ethiopia

Abstract

Micro and Small enterprise sector in Ethiopia is gradually growing it stand in Ethiopian Economy. The Ethiopian industrial sector is majorly composed with micro and small scale organisations. Contrary to the breadth of the micro and small scale enterprise sector, the rate of closure of the business organisations is very high in this sector. One of the widely argued reasons for this business closure is that the poor business planning efforts. Hence this study is tried to explore the major factors that affect the business planning in BGRS MSEs Sector. This Study found that Entrepreneur age, experience, education, exposure and financial status are positively and significantly affecting the business planning in MSEs sector in BGRS in Ethiopia.