Entrepreneurship Education Structure and SMEs Performance amongst Managers in Port Harcourt Metropolis, Rivers State, Nigeria

Abstract

The importance of entrepreneurial education skills in supporting countries’ economic growth and development has been recognized by experts in the field of accounting, finance, sociology and economics. Today, the issue of entrepreneurship skills is becoming so increasingly important that it has turned into a priority for developing countries including Nigeria. This study empirically explores the relationship between entrepreneurship education skills and venture performance amongst managers of small and medium scale firm in Port Harcourt metropolis. Descriptive survey design was adopted and correctly completed 400 sets of questionnaire were used. Series of statistical analysis were applied including mean, aggregate mean, standard deviation, and Spearman rank correlation with the aid of statistical package for social sciences, version 25. The empirical results indicate that psychomotor education significantly relates to profitability and market share. We therefore conclude that entrepreneurship education structure relates to small and medium enterprises performance amongst managers in Port Harcourt Metropolis, Rivers State, Nigeria, and recommend that policy makers should consider introducing entrepreneurship in primary and secondary schools through integration to other subjects or as a stand-alone subject. This could function as an introductory stage which will prepare students for more advanced entrepreneurship education structure in the small. Policy makers should also create conducive entrepreneurship education centers within the business eco-system to enable traders attend free workshops when scheduled. Traders can be pre-informed about the benefits of attending/participating in business workshops through social media before slating any.