Open AccessUncovering the Relationship between Entrepreneurship Training on Business Growth among SMEs in Southeast Nigeria
Author(s) -
Ifeanyi Emmanuel Okoli,
Anugwu Clara Chika
Publication year - 2022
Publication title -
european journal of business and management research
Language(s) - English
Resource type - Journals
ISSN - 2507-1076
DOI - 10.24018/ejbmr.2022.7.1.1278
Subject(s) - entrepreneurship , prosperity , business , government (linguistics) , small and medium sized enterprises , training (meteorology) , sustainability , small business , marketing , population , economic growth , economics , finance , geography , ecology , linguistics , philosophy , demography , sociology , meteorology , biology
The growth of any business is a major concern that is determined by different factors. Entrepreneurship training has been identified as one that can play a key role in the growth of SMEs around the world. The objective of this study was to examine the relationship between entrepreneurship training and business growth among SMEs in Southeast, Nigeria. A survey procedure was accepted for the study and the study was based on both secondary and primary data. The total population of this study is two hundred and fifty (250) small businesses (SMEs). Data were collected using questionnaire and analyzed using Ordinary Least Square Regression. This study revealed that entrepreneurship training has a positive impact on the business growth of the SMEs in Southeast Nigeria. The study concluded that entrepreneurship training is one of the key factors influencing SME growth, as well as the extent to which further training is based on the availability and relevance of training needs and programs. This study recommends that managers and SME owners should develop a good idea for training programs in all areas related to business to help promote and increase the competitiveness of the industry. Also, the government and all stakeholders should invest in entrepreneurship training program for creation of jobs for economic prosperity and sustainability.