Entrepreneurial personal networks and performance of small and medium scale Enterprises (SMEs) in Kano State, Nigeria

Abstract

This study evaluated the effect of entrepreneurial personal networks on performance of small and medium scale enterprises (SMEs), using 393 respondents selected from manufacturing, education, trade and other services in Kano state, Nigeria. SMEs’ efforts toward providing solution to the problem of unemployment in Nigeria and the world at large face stiff opposition from their conception as a result of many factors being responsible. The study employed cross sectional research design in which data was collected using mixed strategies, interview and questionnaire, results using Pearson linear correlation and regression analysis. Results indicate there is positive and significant relationship between SMEs performance and entrepreneurial personal networks. Entrepreneurial personal networks had a significant effect on SMEs performance. The study adds value to the growing body of knowledge in the field of entrepreneurial development activities. The study recommends that entrepreneurial personal networks should be encouraged by ensuring that operators participate vigorous networking activities with their local chamber of commerce and make sure that such activities are done frequently so that their abilities can be broadened and improve their  performance, the study serves as a reference to anyone who is interested in establishing his personal business as it provides insight into the improvement of entrepreneurial personal networks in starting a new business and also for any organization that is interested in achieving profitability or continue sustaining effective business venture.