IIARD International Institute of Academic Research and Development

WORLD JOURNAL OF ENTREPRENEURIAL DEVELOPMENT STUDIES (WJEDS )

E-ISSN 2579-0544
P-ISSN 2695-2483
VOL. 10 NO. 2 2025
DOI: 10.56201/wjeds.v10.no2.2025.pg12.29

---

Feasibility Analysis and Entrepreneur Venture Creation in Rivers State

IKPESU Oghenerukevwe Christian, PhD, FIRIMA Sunday

---

Abstract

This study examined the relationship between feasibility analysis and entrepreneur venture creation in Rivers State. Two research questions and two hypotheses were analyzed and tested in the study respectively. The study adopted the correlation design, using 69 entrepreneurs as sample which was the entire population of registered fast food owners in Rivers State. The instruments for data collection were Feasibility Analysis Scale and Entrepreneur Venture Creation Scale which were validated by three experts from Rivers State University and structured on a four point modified rating scale of very high extent, high extent, low extent and very low extent whose reliability index were determined through Cronbach’s Alpha Statistics with the coefficients of 0.77 and 0.72 respectively. All research questions were answered using descriptive statistics while all hypotheses were tested with Pearson product moment correlation, at 0.05 level of significance with the aid of Statistical Package for the Social Sciences (SPSS). The results revealed that, a strong and significant positive relationship exists between environmental feasibility analysis and entrepreneurs' venture creation in Rivers State and also, a strong and significant positive relationship between technical feasibility analysis and entrepreneurs' venture creation in Rivers State. Based on the findings, the study recommended that aspiring entrepreneurs and business stakeholders should prioritize environmental feasibility studies to enhance the success and sustainability of new ventures and that entrepreneurs should prioritize evaluating the technical aspects of their ventures prior to launching the enterprise, including available technology, production processes, and operational capabilities, to enhance the success and sustainability of their businesses.

keywords:

Analysis, Environmental feasibility, Technical feasibility, Entrepreneur, Venture

---

References:

Abbrey, J., Bagah, D.A. & Wulifan, J.K.(201 5).Feasibility study and planning of small and
medium scale Enterprises in Tamali Metropolis, Northern Ghana. International Journal of
Business and Management, 2(4), 70-95
Abdulkarim, J.(20 12). Entrepreneurship in Technical and Vocational Education. Umuahia: Cijeh
Concept.
Akinsanya, M., Oluwafemi, B., Adidu, F.A. & Wale, O. (2015). Application of feasibility Study
in Establishment of Small and Medium Scale Enterprise in Southern Western Nigeria.
European Journal of Business and Management, 7(24), 31-38.
Akpa-udo, E.(2016).Feasibility analysis of businesses on the growth of small/medium scale
Enterprises in Northern Senatorial District of Cross River State of Nigeria. International
Journal of Business and Management, 2(4),54-60.
Akpomi, M.E. & Kayii, N.E (2022). Artificial intelligence, robotics and information, and
communication technology (ict) as tools for business and education management, Research
Journal of Mass Communication and Information Technology, 8(2), 8-10.
Amaewhule, W. A. (2014). .A guide to entrepreneurship development: Through reflections on the
world of works .Owerri: Odesaa Educational Press.
Audu, M. A. (2014).The impact of feasibility study in enhancing growth and development of
business organization in Nigeria. Journal of Business and Management, 16(6), 17-3 8.
Aziz, M. (2016).Environmental feasibility analysis, available at Aziz, lvi. (201 9).Introduction to
Business Environment. Error! Hyperlink reference not valid. 10th May 2019
Cambridge Business English Dictionary, (2018). Entrepreneur. Farlex Inc. Available at
Constable,
K.
(2015).Entrepreneur,
Entrepreneur
Media
Inc.
Available
at
https//www.entrepreneur.com/article/2442
Emmanuel, E.O. & Morgan, O.M. (2018).Potency of feasibility analysis on business survival in
Cross Rivers State. Global Journal of Social Science, 17(2), 12-29
Florida, R. (2007). Startup Florida blogspod.com retrieved 15th March, 2019
Government of Rivers State (2014).Rivers Slate Yellow Pages Directory: Port Harcourt, Rivers
State Nigeria. www.riverstateyellowpages.com.
Heidi, M. N., Patricia, G.G. & Candida, G. B. (2010).Teaching entrepreneurship: A practical
approach. Northampton: Edward Elgar Publishers.
Ikpesu, O.C. (2018). Business Model. Unpublished Lecture note. Rivers State University, Port
Harcourt.
Ikpesu, O. C., & Kayii, N.E. (2023). Utilization of Cloud Technology Applications for Efficient
Office Administration among Secretaries in Rivers State Universities. International
Journal of Information Systems and Informatics, 4(1), 18-33
Ikpesu, O .C (2020).Fundamentals of Entrepreneurship Practice: Divinestone publications .Lagos
state.
Kauffman, M. (2017).Indicators of early stage entrepreneurship: Ewinc Marion Kauffman
Foundation Publication; Retrieved 1 June 2019 from https ://indecators.kauffman .org.
Njoku, C.V. & Nwosu, A.N. (2010).Introduction to Business.’ An entrepreneurial approach.
Owerri: Ambix Printers
Oke, A., Oluwafemi, A., Kareem, A. & Wale, A. (2015).Application of feasibility study to the
establishment of Small Medium Scale Enterprises in Southern Nigeria. European Journal
of Business and Management, 7(24), 31-39.
Olagunju, Y.A. (2004) Entrepreneurship Small Scale Business Enterprise Development in Nigeria.
Ibadan: University of Ibadan Press.
Olorunfunmi, E. N., & Kayii, N. E. (2019). Assessment of entrepreneurial skills for curbing
unemployment among business education students in Rivers State. International Journal
of Business & Law Research, 7(1), 62-71.
Olotu, 0. A. (2013). Writing feasibility report: Strategic marketing and entrepreneurship lecturer
& consultancy in starting and financing your business. Port Harcourt: CHEN Consult.
Oluwafemi, P. A. & Adeagbo, S. (2017). Analysis of marketing research and feasibility skills
needed for successful entrepreneurship development in Oyo State. nd, 4 (1), 12-28..
Onyegbu, V. 0. (2012). Environmental and Technical Feasibility study in newly created venture
Journal of Business Education, 4(1), 3 0-45.
Ottih, L. 0. (2014). Entrepreneur-towards preparedness, Port Harcourt: Pearl Publishers.
Otungu, O. A., Nyongesa, J. W., Ochieng, E. 0. & Simeon, K. (2011). Strategic Management: The
link between the agency theory and the company’s competitive advantage. International
Journal of Business and Social Science, 2 (23), 232-237.
Humphrey, S. A. (2010). SWOT Analysis for Management Consulting. SRI Alumni
The Free Business Dictionary.(2016).Feasibility, Farlex. Inc. Available athttps://www.
freebusinessdictionary/feasibi 1 ity/meaning
Timothy, F. (2015).Process of business creative: Stating a business article. https ://www. inc
.com/resources/starting

DOWNLOAD PDF

---

Back