Doing small business and private entrepreneurship of each family in Uzbekistan

Abstract

As our former President Islam Karimov said “Entrepreneurship is the backbone of our economy”. Looking at the recent statistics, almost 80% of people in Uzbekistan work for private companies. However, around 50 % of Uzbek people have small businesses and the rest of our population are working for others for many reasons. For this reason, I have decided to do research and find out why half of the whole Uzbek people have no business at all and how the other half are able to do their own business and where they are taking their motivation, knowledge and budget and what are the secrets for keeping any type of business successful. In order to find answers to these questions, my research question is about the main incentives and major challenges of doing small businesses and/or SMEs in Uzbekistan.