SUFFICIENT FUNDS ACT AS A LIFE BLOOD FOR A BUSINESS: “AN OPINION FROM REAL ESTATE BUSINESS IN KARACHI, PAKISTAN”

The part which entrepreneurs play in the economic growth of any country needs no elucidation. Having started new businesses- by utilizing their skills and knowledge- they give proliferation to new ideas in the market and reach the right decisions that serve as vehicles of prosperity and enhancement of the business. The global quest for achieving permanence in economic development and acceleration of social progress has found a new light in entrepreneurial activities. A lot of proponents such as burgeoning urbanization and industrialization, coupled with the prevalence of social legislation as well as general awareness and entrepreneurial education on formal grounds have set the stage for the ever-increasing omnipresence of novel entrepreneurial ventures in various economies across the globe. This study emphasizes the need for sufficient funds for an entrepreneurial business, which is a key factor for the success of an entrepreneurial business. Employing a well-developed and verified scale, data collection from 150 respondents was done on a cluster sampling basis (a probability data collection method). All of the respondents amongst whom the questionnaires were distributed to real estate business in Karachi and descriptive statistics were applied on the relevant variables such as the need of funds and, availability of funds. This research article aims at contributing to the existing academic literature present on the importance of sufficient funds to run a real estate business in Karachi, Pakistan. This study shall assist government regulators in making informed decisions while addressing the need and importance of sufficient funds for Pakistani entrepreneurs, which shall lead to more effective and well-planned initiatives, which can help not only to improve the performance of entrepreneurial ventures but also to curb and eventually eradicate poverty from Pakistan.