The influence of Business Registration on Profit and Sales of Women SMEs in Tanzania
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Mzumbe University
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A Dissertation Submitted in Partial Fulfillment of the Requirements for the
Degree of Master of Business of Administration in Corporate Management
(MBA-CM) Mzumbe University
The main research objective was to examine the influence of business registration on profit and sales of women SMEs in Tanzania, a case study of t Ilala and Kinondoni Districts. The specific research objectives were tofind out how business registration process affects sales of women SMEs, to find out how business registration affects profits of women SMEs and to assess business registration process towards formalization and registration of women SMEs. The study involved 200 respondents by using purposive sampling techniques. Both primary and secondary data collection methods were employed. The study was quantitative in nature and thus SPPS software was used to analyze the data. Furthermore, the results were presented in tables and figures. Results show that business registration plays a greater role towards enhancing improvement of sales in a business. This has proved to be so because after registering their businesses about 132(66%) of the women entrepreneurs had access to financial institutions like banks to get loan. Furthermore, immediately after registering their businesses their sales volume increased on which on daily basis women entrepreneurs sold and get more money.Some of the respondents got a profit of TZS 1,000,000/= per monthafter registration of their businesses.Furthermore, the training attended by respondents enabled them to register their businesses. As also narrated by respondents after business registration women entrepreneurs were availed with electronic devices such as EFD machines which ensured that the received money was not misused and all these increased sales volumes. For instance, some of the respondents increased the sales volume from TZS 600,000/= to TZS 800,000 per month after registration of their businesses.Moreover, the study found that, business registration plays a greater role on increasing the profit volumes of a business enterprises. This was evidenced through easier access to loan, legal protection and the increase of network and customer size. Finally, the study revealed that there are long and complicated procedures that impedes business registration of women SMEs in Tanzania. The most mentioned long and complicated procedures include Name clearance application process, Declaration of compliance application process, Certificate of incorporation application process, Taxpayer Identification Number (TIN) application process, Business license and VAT certificate application process. All these involve a long and complicated procedures that in turn impedes and discourage registration of women SMEs in Tanzania.
The main research objective was to examine the influence of business registration on profit and sales of women SMEs in Tanzania, a case study of t Ilala and Kinondoni Districts. The specific research objectives were tofind out how business registration process affects sales of women SMEs, to find out how business registration affects profits of women SMEs and to assess business registration process towards formalization and registration of women SMEs. The study involved 200 respondents by using purposive sampling techniques. Both primary and secondary data collection methods were employed. The study was quantitative in nature and thus SPPS software was used to analyze the data. Furthermore, the results were presented in tables and figures. Results show that business registration plays a greater role towards enhancing improvement of sales in a business. This has proved to be so because after registering their businesses about 132(66%) of the women entrepreneurs had access to financial institutions like banks to get loan. Furthermore, immediately after registering their businesses their sales volume increased on which on daily basis women entrepreneurs sold and get more money.Some of the respondents got a profit of TZS 1,000,000/= per monthafter registration of their businesses.Furthermore, the training attended by respondents enabled them to register their businesses. As also narrated by respondents after business registration women entrepreneurs were availed with electronic devices such as EFD machines which ensured that the received money was not misused and all these increased sales volumes. For instance, some of the respondents increased the sales volume from TZS 600,000/= to TZS 800,000 per month after registration of their businesses.Moreover, the study found that, business registration plays a greater role on increasing the profit volumes of a business enterprises. This was evidenced through easier access to loan, legal protection and the increase of network and customer size. Finally, the study revealed that there are long and complicated procedures that impedes business registration of women SMEs in Tanzania. The most mentioned long and complicated procedures include Name clearance application process, Declaration of compliance application process, Certificate of incorporation application process, Taxpayer Identification Number (TIN) application process, Business license and VAT certificate application process. All these involve a long and complicated procedures that in turn impedes and discourage registration of women SMEs in Tanzania.
Keywords
Business registration, Profit and sales of women SMEs in Tanzania, Registration of women SMEs, Taxpayer Identification Number (TIN)