Abstract

This paper reports on the findings relating to factors leading to the success of government-funded businesses. Experience and management skills remain vital in the entrepreneurial intentions. A qualitative approach was followed in this specific study. Data were obtained through purposive sampling by way of semi-structured interviews with the managing director and production manager of the selected business. Empirical evidence shows that relevant experience is essential when setting up a business, particularly in farming, which requires a high level of specialized skills. It is notable that the business should be operated on the basis of economic principles and this would assist in the sustainability of the business. Mentoring plays a major role in the success of the business. The findings indicate that the project reported on in this paper is likely to benefit the community in the long run, taking into account the number of workers employed and basic agricultural skills provided. With the expertise the management possesses, it is hoped that they would drive the company to greater heights.

Key words: Business successes, economic principles, management expertise, specialized skills.