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The Importance of Developing Entrepreneurial Skills and Citizen Investment in Small Businesses

Amelie Edgar

The objective of the study was to work out to what extent the chosen skills contribute to the expansion and therefore the property of little and medium businesses. In a shot to grasp the underlying factors tributary to the high failure rate of little and medium businesses, this study targeted on the extent to that little and medium business house owners from age teams perceived 5 known skills typically related to entrepreneurial and business behavior as contributing to either success or failure. A scarcity of entrepreneurial and business skills impacts on the expansion and survival of little and medium businesses within the urban center Metropole. A quantitative study approach victimisation structured survey questionnaires was used amongst one hundred fifty little and medium businesses within the urban center Metropole. Correlational analysis was accustomed analyze the responses gathered from the survey. Findings indicated that each one hand-picked entrepreneurial skill (leadership, creativeness and innovation, networking, goal setting and time management) gave the impression to be crucial for tiny and medium businesses property and growth. Though previous researches have indicated that entrepreneurial skills vie crucial role in little and medium businesses property, this study highlighted a number of the key skills and attributes that SMEs house owners ought to possess so as to control their business ventures with success.

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