Relationship between Entrepreneurial Characteristics and Performance of Small and Medium Scale Enterprise (A Study of SMEs in Yaba LCDA)
Ajani Akeem O., Oluyemi Adekanmbi
This study examines the effect of entrepreneurial characteristics on the performance of small and medium scale enterprises using Yaba Local Government Area (L.G.A) of Lagos state as the case study. The research design selected for this study was the survey design and data were collected through questionnaire administered on 92 entrepreneurs in various activities. The data collected were analyzed through the use of descriptive statistics with the aid of SPSS. The formulated hypotheses were tested through the use of simple regression. Results revealed that entrepreneurial characteristics, entrepreneurial competency and orientation and the level of education of an entrepreneur all have a significant effect on the performance of small and medium scale business in Nigeria. It was recommended that entrepreneurs must be exposed to various sources of information, educational and specialized training programmes in entrepreneurship to expose potential and existing entrepreneurs to risk-taking strategies inherent in self-employment and wealth creation.
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