- Capital. Smes beginning their life underinvested have increased chances of failure compared to those with sufficient investment. But in many countries, fundraising for smes remains a major problem in primary and secondary sector (Zaridis, 2006).
- Record keeping and financial control. Increased chances of failure for smes do not do so.
- Industrial experience. Smes, managed by persons possess it, have more chances of success.
Managerial experience. As above.
- Planning. Small or medium-sized businesses that do not have developed a specialized business plan face manychances of failure.
- Professional advice. Smes using it face higher chances of success.
- Educational level. Entrepreneurs that received university level education have higher chances of success.