... Previous studies of the factors relating to the management of a small enterprise, whether it is formal or informal production [9] [10], home-based or non-home based [11], or on a part-time or full-time status [12] contend that person's disposition (personality traits) and other external factors in person's surroundings (e.g supportive upbringing, financial situation, family and friends, networking, government support) might have an impact on their performance. So far, it is often assumed that higher performing enterprises are more likely to be operated from formal dedicated premises, with full-time employees, well-planned marketing activities and accounting tasks, whereas part-time and home-based businesses are likely to be smaller in scale, less formally managed and achieving lower revenues [11]. Starting and surviving a business is influenced by various socio-economic contexts, whether the business is operated in rural or urban areas [9] [13]. ...
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