Análisis del emprendimiento y su paso al sistema empresarial formal en la provincia de Chimborazo

Abstract

This research aimed to analyze entrepreneurship and its transition to the formal business system to strengthen the business environment in Chimborazo Province and contribute to creating employment sources. The research followed a quantitative approach by collecting and analyzing numerical data on existing entrepreneurship ventures in the province. Additionally, a qualitative approach was necessary to refine research questions and gather non-numerical data about the needs, preferences, and challenges faced by entrepreneurs when transitioning to formal enterprises. The survey findings revealed that 64% of entrepreneurs need to know the advantages of formalizing their business, and 72% need to learn about the requirements. However, 92% express their interest in transforming their business into a legal entity that provides opportunities in and beyond the city. The entrepreneurs also indicated their desire for guidance and information on formalization from higher education institutions, government bodies, and private entities. Establishing partnerships with the Decentralized Autonomous Government of Chimborazo Province and the local municipality is recommended. This action actively promotes entrepreneurship to disseminate the strategies outlined in this study and educate informal entrepreneurs about the benefits of formalizing their businesses. Such initiatives can create more and better employment opportunities, reduce poverty, and address the marginalization of individuals who are particularly vulnerable to the disadvantages associated with the informal economy.