IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 9 NO. 3 2024
DOI: 10.56201/wjeds.v9.no3.2024.pg1.13

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Factors Influencing Entrepreneurship Development in Anambra State: The Role of Learning

Nwosu Ndubuisi Levi

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Abstract

The study specifically examine the Factors Influencing Entrepreneurship Development in Anambra State: The Role of Learning. The descriptive statistic was employed to collect the information from the target respondents who were the entrepreneurs in Anambra State. The sample size of the study was 245 drawn from the population of 700 entrepreneurs. The hypothesis was formulated to guide the study. The findings revealed that the t-calculated value of creativity, family background, business minded friends, risk propensity and exposure to entrepreneurial learning were 10.258, 2.006, 2.059, 3.034 and 3.348 which are greater than t-tabulated value of 1.972 at 5% level of significance. However, t-calculated value of business experience, access to start-up capital, and self-efficacy were 0.972, 0.705 and 1.106 which are less than t-tabulated value of 1.972 in absolute terms. Based on the findings, the following recommendations were made by the researcher; entrepreneurs should be guided on proper development of creative and innovative ideas by conducting market survey, feasibility studies, preparing standard business plans. Entrepreneurship development centres should be developed in all LGA in the country, as this will motivate young graduates in high risk propensity level for proper entrepreneurship development.

keywords:

creativity, business experience, family background, business minded friends, risk

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