The main resistance was unwillingness to accept discipline resulting from sharing control. They wish to persist in the sort of indiscipline that made some of the SMEs fail in the first instance.
It has taken some time to effect a paradigm shift and for them to appreciate that it is better to own 10 per cent of a successful and profitable business than to own 100 per cent of a moribund business. Last, but not the least, of course, is the issue of poor infrastructure, which is constantly recurring.