DOI: 10.36347/sjahss.2018.v06i02.003

Pages: 284-294

Entrepreneurship is a constructive action to build out stronger businesses in competition. The linkage between productive entrepreneurship and business rescue is to a greater extent noteworthy; By definition, business rescue is a set of course of action for creating and delivering worth to ensure continued existence through leveraging resources in ways that benefit the firm, its stakeholders, and strengthen employee job security while productive entrepreneurship is the materialization and intensification of new investment class. In view of the fact that the majority of Ugandans are underemployed as well as unemployed; it is imperative to put concentration to generating sustainable and entrepreneurial enterprises. Thus, it’s critical for businesses to grow. Ugandan firms these days function in a business setting consisting of amplified risks drop off competence to foretell along with a pitiable entrepreneurial frame of mind; this confirms a growing tendency of long-term nature of financial and economic distress among firms. In other words, scores of start-ups face ample liabilities of newness leading to higher failure rates. Furthermore, most firms’ focus on long term customer relationships and marketability is poor. There is a fissure between Uganda’s insolvency and business rescue industry. In particular, insolvency has been criticized on a number of grounds. Many businesses have struggled to maintain profitability (economic distress) owing to lack of formal and modern business rehabilitation framework, efficient markets, and secular stagnation. In view of that, entrepreneurship education needs urgent attention; the establishment of the Companies and Rescue Commission (CRC) as regulatory authority for distressed business to file for rescue in order to make light of expensive and time consuming court processes; and business rescue is of fundamental nature to remove pervasive poverty.