Radipere, S., South Africa; Dhliwayo, S., South Africa
This study examines the effect that age and business size have on business performance. A structured research instrument was used to collect data from 500 SMEs in retail industry through interviewer administrated and self-administrated survey and 93% of questionnaires were returned. The results show that there is no statistical significant difference between the means of business size and business performance. There is no significant difference between the age categories; under one year and 20 years and more and business performance. Age is no longer a significant factor in a company's performance after twenty years. Life cycle approach of the company or industry could be an appropriate basis for analysis. Effective use of employees will increase business performance. It is important that employees are well trained to use the necessary technology and understand the importance of technology in the business. © Simon Radipere, Shepherd Dhliwayo, 2014.