Title: Entrepreneur's Attributes and Performance in Selected Small-Scale Enterprises in Rivers State, Nigeria
Authors: Udo, Saviour Udo and B. Chima Onuoha
Volume: 8
Issue: 9
Pages: 141-148
Publication Date: 2024/09/28
Abstract:
This study was carried out look into the characteristics of entrepreneurs and the performance of SMEs in Rivers State's Port Harcourt. Examining the impact of risk-taking inclination, inventiveness, and self-assurance on the performance of SMEs in Port Harcourt, Rivers State, was the primary goal. The population of the study, which employed a survey research design, included certain SMEs in Port Harcourt, Rivers State. For the study, a sample size of 105 employees was selected. A questionnaire was used to gather data, and it was created using a 5-point Likert scale. 105 responses were received and 99 returned copies were in a usable format. Multiple regression analysis was used to analyse the data, and the results showed that self-confidence, inventiveness, and risk-taking propensity have a significant impact on the performance of SMEs in Port Harcourt, Rivers State. Thus, it was determined that the performance of SMEs in Rivers State is considerably and favourably influenced by the characteristics of entrepreneurship, such as a propensity for taking risks, inventiveness, and self-assurance. As a result, it was advised that business owners develop the practice of incorporating novel concepts into routine tasks in order to increase operational effectiveness. They ought to explore new business opportunities that increase profitability and revenue. This can be accomplished by having self-assurance and being dedicated to the purpose and objectives of the company.