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| Exploration of an entrepreneur's mindset in transforming an idea into a viable enterprise. Empirical study of Private Secondary Schools' establishments in Kabale Municipality.
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Caroline Masiko Murezi, Akankwasa Alex, Akakikunda Teddy, Kwesiga Gerald
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Abstract:
The purpose of the study was to explore the entrepreneur's mindset in transforming an idea into a viable venture, a case of selected Private Secondary Schools in Kabale Municipality, South Western Uganda". The study objectives were; to establish reasons for venture establishment, identify factors affecting performance of Private secondary schools in Kabale municipality, and explore possible reasons responsible for growth/failure of Private Secondary schools in Kabale Municipality. The methodology employed was a descriptive correlation and cross sectional survey design. A combination of qualitative and quantitative approaches was used in data collection and analysis during the study. The study population comprised of 180 respondents. The sampling techniques were both purposive (Directors, Head teachers) and simple random sampling (Administrative staff and students' leadership) from the selected Private Schools from Kabale Municipality, South western Uganda. The data collection instruments used were questionnaires and Interviews. The findings revealed a significant relationship between an entrepreneur's mindset and organizational performance in the selected Private secondary schools in Kabale municipality, South western Uganda. The study concluded that the mind and emotions of a person are extremely responsive to their actions. Success of a private secondary school is as a result of relevant skills and the mindset of an entrepreneur, and that, in running a business, everyone has their perspective in achieving success. The study recommends that for successful establishment of private secondary schools within Kabale Municipality, proprietors of these schools should be cognizant of their mindset in the three strands; Cognition in decision making, Behavior as the most salient feature of the entrepreneurial mindset, and Emotional aspects of the entrepreneurial mindset.
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