RESTRUCTURING CAPITAL FORMATION AND FINANCIAL MANAGEMENT PRACTICES IN SENEGAL: SURVEY RESULTS OF SMALL MANUFACTURING ENTREPRENEURS

Survey results conducted on 36 (n=36) owners of small manufacturing businesses in Senegal shows promising potential for success but are threatened with some operational problems that inhibits their ability to attain better results. The most serious obstacle facing most small businesses in Senegal seem to be that of limited access to sources of capital. In addition, other external conditions like colonial and cultural factors affect the productive management and usage of funds. It is recommended that the government machinery, relevant establishments and business communities combine efforts with that of entrepreneurs and create effective structures that will help ameliorate the process and conditions for effective capital formation