Abstract
To address the growing labour unemployment rate in Nigeria, several hard and soft intervention policies have been put in place by the Nigerian government and supporting partners. Based on the assumption that unemployment, government interventions, and personal ambition can motivate individuals into entrepreneurship, this study examined the effect of entrepreneurial motivational factors on the operational performance of Small Scale Industries (SSIs) located in Yanya, Abuja. Relying on a cross-sectional survey research design, 337 practicing entrepreneurs, random sampling technique and multiple regression analysis, the study found that facilitating and compelling motivational factors are the significant predictors of SSIs’ performance, while ambitious motivational factor is negatively but significantly impactful on SSIs’ performance. It, therefore, suffices to recommend that the Nigerian government and organized private sector should collaborate to increase the stock of hard and soft infrastructure, especially in the industrial estates and business clusters, to enhance entrepreneurship participation and inclusiveness
Highlights
Entrepreneurship is a key determinant of current and future incomes and jobs in all economies (GEM, 2019)
Frese and Gielnik (2014) affirm that entrepreneurial motivation involves an entrepreneur's desire to engage in self start-ups and/or create something new based on internal impetus
Entrepreneurship researchers in Nigeria are yet to sufficiently ratify this claim which provokes this inquiry on the effect of entrepreneurial motivation factors on the operational performance of SMES in Yanya, Abuja suburb
Summary
Entrepreneurship is a key determinant of current and future incomes and jobs in all economies (GEM, 2019). Ambitious motivation relates to the entrepreneurs’ desire to be independent, to perform, earn income, and contribute to the society and local environment, which energize entrepreneurs to set up enterprises and work hard to ensure their success (Stam, Bosma, Witteloostuijn, Jong, Bogaert, Edwards, and Jasper, 2012). Entrepreneurship researchers in Nigeria are yet to sufficiently ratify this claim which provokes this inquiry on the effect of entrepreneurial motivation factors (e.g. ambitious, compelling, and facilitating entrepreneurial motivation) on the operational performance of SMES in Yanya, Abuja suburb. The following hypotheses are postulated for testing: Ho1: Ambitious entrepreneurial motivation is not a significant predictor of SSI operational performance. The rest of the paper is structured as follows: the ‘literature review’ where conceptual issues were addressed and findings of relevant earlier studies were reported; the ‘methodology’ where the research design, data collection and analysis techniques were explained; the ‘results and findings’ where outcomes of hypotheses testing were presented and discussed; and the ‘conclusions and recommendations where the research findings were summarized and as well generalized for the entire population, and the ways forward suggested
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