Entrepreneurial mindset and growth of Micro Small and Medium Enterprises (MSME’s) in Nigeria: a case study of Abuja Municipal Area Council (AMAC) Federal Capital Territory (FCT) Abuja

Abstract

The launch of entrepreneurship mind-set in recent times as an expedient instrument for growth of MSME’s in Nigeria. From the study, entrepreneurship mind-set is not rooted on some paradigm shift as there are major concentrations on the evaluation of sales volume, employees’ size and profitability as they relate to MSME growth in Nigeria. The study conducted used a survey method while adopting stratified sampling technique. The sample size of 218 is obtained from the 480 MSME owners’ resident in AMAC-FCT using the Taro Yamani formula. The study righty adopts correlation test to examine the linear relationship while regression analysis is used reporting coefficients with P-value at 0.05 significance. The findings divulged that entrepreneurial mind-set influences sales volume, employees’ size and profitability as an improvement on entrepreneurial mind-set will bring an outstanding improvement on the MSME’s characteristics. The study appreciably recommends more investment be made on building entrepreneurial mind-set, more collaborations between the stakeholders and MSME entrepreneurs so as to increase data on improving entrepreneurial mind-set finally set up of regulatory guidelines on entrepreneurial mind-set applicable to those in professional institutions.