A Study on the Hurdles of International Traders in Chennai District

Abstract

Enterprises that sell their goods and services to customers in other countries are exporting them; they are producing them in one country and shipping them to another. Exporting is one way that businesses can rapidly expand their potential market. An entrepreneur is a person who creates and operates a new business, taking on various risks in the hope of profit. Entrepreneurs are innovators, willing to take on challenges and drive change by identifying opportunities, creating solutions, and shaping market trends. In export business, the traders have faced lot of problems in running their business successfully. Hence, this study has aimed to analyze the problems faced by International Traders in Chennai district. The nature of this study is descriptive research design. The population of this study are traders who involved in export in Chennai district and the sample size has included of 75 International Traders by approaching random sampling method. The required sample data are collected by developing and distributed a structured questionnaire among population and 5 points Likert scale method has been utilized for understanding the problems of selected International Traders. The researchers have utilized the MS-Excel software to enter the collected sample data and performed the statistical methods namely percentage analysis, mean score and ANOVA. Thus, this study framed the null hypotheses to examine the significant difference in mean problems faced by International Traders with regard to selected variables. From the analysis, it could be mentioned that high level of problems is faced by International Traders belong to female, upto 30 years of age category, educated diploma, first generation, have upto 25 employees in their business and have 6-10 years of experience in export.