ABSTRACT
Small and medium-sized enterprises (SMEs) construction companies are vital for economic growth in many countries. The success or failure of these businesses has significant implications for owners, employees, and communities. This study explores the factors (Management, Technical, and Economic) that influence SME success and failure, providing insights for policymakers and owners. A non-probabilistic convenient sampling method was used to select the sample due to the small population size in the KZN province of South Africa. The entire sample was surveyed electronically, with a response rate of 60.7%. Data analysis involved basic statistical techniques such as mean scores and standard deviations. The research instrument's reliability was confirmed through feedback from industry professionals and academic experts. Multiple studies reveal major causes of SME failure, including financial mismanagement, lack of skilled personnel, insufficient capital, and poor financial management. Key success factors include business and management skills, government intervention, access to capital, recruiting young professionals, and expediting client payments. Addressing these factors is crucial for policymakers and SME owners to support small business growth and sustainability.
