Relationship between demographic factors, and entrepreneurial training on entrepreneurs' success in Nigeria

There is no consensus among scholars on the specific determinants of entrepreneurs‟ success. The success rate of entrepreneurs is very controversial, due to its subjectivity and objectivity therefore the parameters to measure success were explored empirically. Literally, studies have argued for and against the relationship between demographic factors and entrepreneurial training on entrepreneurs‟ performance at their enterprises. In order to explore on these controversies, this study was guided by human capital theory, while primary source of data collection was carried out by the researcher. The gathered information were analysed using Structural Equation Modelling (SEM) to explain the relationship among the variables understudy. Thus, the finding depicted that there is significant relationship between the demographic factors on entrepreneurs‟ success among the small and medium enterprises (SMEs) owners in Lagos State, Nigeria (β = .214, p = .028). Similarly, entrepreneurs experience is the most predictor of demographic factors in the study (β = .650, p =.012). However, the study shows that there is no relationship between entrepreneurial training and entrepreneurs‟ success among the sampled SMEs (β = -.014, p = .852). Therefore, this study suggest for further empirical studies in Nigeria to ascertain the determinants of entrepreneurial success, perhaps using other variables such as personal qualities, management competencies, and environmental factors.

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