The Nature and Success of Emerging High Potential Entrepreneurships in Nigeria

Abstract

This study examined the nature and success factors of the Emerging High Potential Entrepreneurships (EHPEs) in Nigeria through the study of thirty randomly selected companies in three Eastern States of Nigeria. The findings show that (a) this new set of firms cover a wide range of the panoply of autonomous consumption of the people of Nigeria, (b) the basic production inputs are reasonably locally sourced, (c) entrepreneurs have the necessary educational and job experience backgrounds, and (d) the chosen lines of business have high market growth rates. These features underscore the fact that Nigeria is set on the path of industrial growth.