IMPACT OF ENTREPRENUERIAL TRAINING ON PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES

Student: Okikiola Opeyemi Iskilu
Supervisor: Mrs B. O. Olaoye
HOD: Mrs B. O. Olaoye
Department of Business Administration and Management
Business Administration and Management
Osun State Polytechnic, Iree, Osun State

Abstract

This study was to examine the impact of entrepreneurship training on performance of small and Medium Enterprises. The conceptual framework takes the form of a structural equation model where entrepreneurial behaviour is seen as a product of the training program. The research method was mainly explanatory though the use elements of descriptive and exploratory strategies which were incorporated. A survey of 50 beneficiaries was done. Data was analyzed using descriptive statistical tools. Chi- square was used to show the relationship' between the dependent and the independent variables. Entrepreneurship training was found to have had a substantial impact on performance of small businesses. However, constant monitoring was found necessary to make the skills learnt be translated into more practical work. Equally important is financial assistance as it is due to lack of necessary capital that most training beneficiaries are not practicing their learned kills in business. The study recommended that the management in collaboration with the Ministry of Education should develop and implement a comprehensive curriculum on entrepreneurship education and training which should be integrated in to all levels from nursery to university, so as to build a strong entrepreneurial culture early enough in our small businesses. The researcher suggested that since the study was conducted in a private company similar research should be carried out in a public sector of the economy. And finally, the findings had clearly indicated that there is significant relationship between entrepreneurship training and a good performance of small scale businesses in the hospitality industries.

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