Resourcefulness and Growth of Entrepreneurs in Jos North Local Government Area of Plateau State Nigeria

Abstract

Most entrepreneurs moves from one entrepreneurial activities to another, as a result of not be resourceful in their present activity, meanwhile where they are abandoning possesses much better opportunity for their expansion and growth. The point that the study is trying to buttress are those factors responsible to the growth of the entrepreneurs in their activities without leaving their present business or activities for another. Challenges faced by entrepreneurs in their businesses, are more or less similar in nature but varies in their scope. A research questions which includes the roles of fund availability, idea and customer patronage plays in the growth of entrepreneurs in Jos North Local Government Area of Plateau State. The population of the study includes a representative sample of small Businesses (fashion designers, Stylist and Metal Fabricators) within Jos North Local Government Area of Plateau State. The population of the study comprises all the 2401 registered entrepreneurs in Jos North Local Government Area of Plateau State. Yamene’s formular for the sample size determination was used to arrive at a sample size of 342, questionnaire method for the study was adapted from (Bradley, 2015; Gora, 2012; Nason and Wiklund, 2018) on resourcefulness which was on a structured and self completion format. The study used SPSS multiple linear regression to present and test the hypothesis. The major findings was that there is a strong significant relationship between idea, fund and customer patronages on the growth of entrepreneurs in Jos North Local Government Area of Plateau State, idea was highly significant at(t=4.55). Therefore, the study concludes that idea, fund and customers patronage are relevant to the growth of entrepreneurs in their businesses. The study recommends that there should be consistency by entrepreneurs to adopt the culture of innovations through which their resourcefulness would contribute to their growth in their businesses, the implications of the study implies when adopted practically and theoretically it will yield a positive impact on the policy makers to enhances the resourceful nature of entrepreneurs in Nigeria

Keywords: Resourcefulness, idea, Fund, customers patronage, Growth, Entrepreneurs and Innovation.

DOI: 10.7176/EJBM/12-4-01

Publication date: February 29^th 2020