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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

AnalysisEnvironmental feasibilityTechnical feasibilityEntrepreneurVenture

References

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