10 POLITICAL FACTORS INFLUENCING ENTREPRENEURIAL ATTITUDES AND OPPORTUNITIES
1. Political climate Political instability has affected different regions in Uganda for the last 40 years. It robbed Uganda of many entrepreneurs and more entrepreneurs have lost life time savings and business assets while others have been forced to close. Nowadays, Uganda’s political state has stabilized giving potential entrepreneurs an opportunity. 2. Government policy of taxation and subsidization policies which increase legitimacy, stimulate demand, or grant subsidies to entrepreneurs increase the organizational founding rate. On the other hand, very high taxes also serve to discourage potential entrepreneurs. 3. Size of government expenditure High level of government expenditure in health, education or defense encourages many entrepreneurs to emerge and respond to the opportunity. However, the bulk of Uganda’s government monetary and fiscal policies are aimed at appeasing donor agencies and multi-lateral financial institutions at the expense of business in general. These pol...