BUSINESS TUTORING AND ENTREPRENEURSHIP GROWTH IN ANAMBRA STATE, NIGERIA

Amechi Fabian Anoke, Fabian Chinedu Osita, Okafor Joy Ndidiamaka

Abstract


Due to the perceived contribution of business mentoring to entrepreneurship growth, especially in Anambra State Nigeria, the government, professionals, and stakeholders have taken many business mentoring initiatives to increase the growth of entrepreneurship in the State. However, despite these strategies and policy initiatives aimed at growing entrepreneurship businesses in Anambra State; Nigeria by policymakers, entrepreneurship businesses in that area continued to perform below expectation. Therefore, this study examined business mentoring as a strategy for entrepreneurship growth in Anambra state, Nigeria. A descriptive survey research design was used in the study. The study’s population was 911 registered entrepreneurs in Awka and Onitsha, Anambra State. The study employed Yamane’s (1967) sample size determination to select 278 entrepreneurs as the sample size for the study. Data for the study were collected through a closed-ended questionnaire. Regression was used to analyze the stated hypotheses in the study. The study revealed that knowledge sharing has
a negative and insignificant effect on entrepreneurship growth, while psychological support and knowledge transfer have strong positive effects on entrepreneurship growth in Anambra state, Nigeria. The study concludes that knowledge sharing has no effect on entrepreneurship growth in Anambra state, Nigeria, and recommends among others that the torch must be metaphorically passed from one person to the other or from one generation to the other for business perpetual existence.

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References


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