IMPACT OF ENTREPRENEUR PERSONALITY TRAITS ON THE PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES (SMEs) IN EKITI STATE, NIGERIA
DOI:
https://doi.org/10.46827/ejes.v9i10.4526Keywords:
entrepreneur, personality traits, performance, Small and Medium Enterprises (SMEs)Abstract
The study examined the impact of entrepreneur personality traits on the performance of Small and Medium Enterprises (SMEs) in Ekiti State. The study adopted descriptive research of the survey design. The population consisted of 16,058 operators of SMEs in Ekiti State. The sample consisted of 324 respondents, and the selection process was based on a multistage sampling procedure. The instrument for data collection was a structured questionnaire constructed by the researcher. The questionnaire was titled “Entrepreneurial Personalities and Performance of Small and Medium Enterprises” (EPPSMEs). Section A elicited information on the bio-data of the respondents; section B had 15 items that measured the performance level of SMEs in Ekiti State, while section C had 20 items on the information on the impact of entrepreneur personality traits on the performance of SMEs in Ekiti State. Sections B and C are structured on a four-point Likert scale, with the scoring range: Strongly Agree (4), Agree (3), Disagree (2) and Strongly Disagree (1). The instrument was subjected to the Cronbach Alpha method of testing reliability to obtain a coefficient of 0.82. Data collected were analyzed using descriptive and inferential statistics. The finding of the study showed that the level of performance of SMEs in Ekiti State was moderate. Based on the findings, it was recommended that government should encourage entrepreneurs through the provision of enabling environment for businesses to strive. It is also recommended that entrepreneurs should see training and seminar workshops as avenues to improve their skills, thus, they are encouraged to attend regularly.
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