Introduction There is a notion that small firms always grow to become large enterprises. Most of the times, enterprises are usually built from the efforts of the entrepreneur who comes up with the idea and then seeks ways of making the idea work. For any enterprise to be able to achieve business growth and the desired success there are several factors that come to play and they include the following: Factors Influencing the Growth and Success of an Enterprise There exists several factors which contribute to the growth and success of an enterprise and among the leading factors is the age of the firm. To explain why smaller and younger firms are likely to grow faster than old and large enterprises is explained in economics by the use of the concavity of the production function. Where at the start, the small capital invested has the capability of multiplying exponentially but as time moves on and new investments are injected in to the investment, the marginal rate of productivity of the invested capital declines and that explains the reason why young firms grow faster than old and already established enterprises (Jovanovic 1982). Although many experts indicate that as the firm ages the likelihood of it learning form its mistakes and thus succeeding are high, the multiplier effect of large business is low and this is a major contributor to the success of an enterprise (Audretsch 2002) How easily an enterprise is able to access extra sources of capital also affects the success of an enterprise: While the large firms have got vast assets which they can provide as their collaterals which small enterprises do not have and this in most of the times slows down the growth and success of small enterprises. In most developed economies, small enterprises cannot access credit easily however; great use of credit by small firms is more prominent in countries where legal infrastructure is usually weak. As the legal infrastructure strengthens across a spectrum of countries the use of trade credit is reduced for all firm sizes as opposed to the large firms since collaterals become a major issue (Fransisco & Kumar 2005). Individual’s entrepreneur characteristics also influence the growth and the success of an enterprise. As we have seen in the case of Wallia Sport, the leaders compensated each other with the different types of knowledge they were well versed with. However, in contrast to the expectations of many that the level of education influences the success of small enterprises, this notion has found not to apply in the case of less developed economies (Sleuwaegen & Micheline 2002). In these regions, most of the entrepreneurs are less educated and engages in business due to lack of alternatives and given the relatively low levels of education within the Micro and Small Enterprise sector in developing countries but their enterprises are succeeding since they have learnt the art of perfection by studying what the market demands and then supplying to it the needed goods and services (Kantis, Angellini & Koenig 2004). The legal form or the formality of an enterprise also determines how successful an enterprise becomes. How formal or informal an enterprise is determi