2022 Archive
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Title: FEASIBILITY STUDY AS A CORRELATE OF ENTREPRENEURIAL SUCCESS (A STUDY OF SELECTED SME INLAGOS STATE) PAUL.pdf Author: Paul I. Ojeaga, Agbatogun, Taofeek Osidero & Ibrahim O. Abdulganiyu Abstract: ABSTRACT This study investigated feasibility study as a correlate of entrepreneurial success in Abeokuta Mushin LGA, Lagos State. The specific objectives of the study include the relationship vis-à-vis the effect market feasibility, economic feasibility and operational feasibility affect entrepreneurial success. In attaining the highlighted objectives, a well-structured questionnaire was administered for information and data collection. A stratified random sampling technique was used for the selection of the respondents from the study areas. Total of 133 respondents were selected across the study area. The analysis of data was done using descriptive tools basically to show the distribution of socio-economic characteristics of the respondents, and inferential to estimate feasibility study as a correlate of entrepreneurial success, regression models were employed. This study findings based on test of the three (3) hypotheses in the study, show that there is no significant effect of market feasibility on sustainable patronage (R2=0.139, F cal. = 19.459, P < 0.05 at 0.000 significant level);economic feasibility has no significant effect on ventures survival (R2=0.114, F cal. = 15.554, P < 0.05 at 0.000 significant level);there is no significant effect of operational feasibility on venture growth (R2=0.261, F cal. = 42.655, P < 0.05 at 0.000 significant level). In conclusion, the study reflected that each of these independent variables play a significant role on entrepreneurial success in a positive way. View |