However, there are two major factors preventing entrepreneurs from always considering the exist option in their business ventures.

The first is cultural. There is this belief that it is only a failed venture that an entrepreneur will sell. And once that is done, the entrepreneur will in most cases be perceived as a failure. Entrepreneurs therefore don’t consider the exit option even when it is in their best interest. They will rather want to bequeath the business to their children who May not have an interest in that line of Business or any business at all. This mind set has to change.

The second one is documentation and valuation. Most SMEs are not run professionally and therefore it becomes difficult to place a value on the company. Documentations hen they Re available are not comprehensive. This also hampers their ability to access credit to grow their business. Given the importance of SMEs in our economy, government has a huge role to play in sensitaitizing operators of SMEs on the importance of documentation and regulatory compliance.

As it is there are back log of cases waiting for adjudication by members of the Tribunal. I urge them to get to work immediately and put in extra hours to clear this back log.