ENTREPRENEURIAL BEHAVIOUR ATTRIBUTES AND SMALL BUSINESS PERFORMANCE

Small businesses contribute greatly to employment generation and economic development of Nigeria and Ogun State in particular. Despite effort many small businesses perform below expectation. This study examined entrepreneurial behaviour effect on small business performance in Ogun State, Nigeria. Both primary and secondary data were employed in this study. The population of the study consists of 1,690 small business entrepreneurs registered by SMEDAN in Ogun State, out of which 323 were selected using stratified and purposive sampling techniques. 323 questionnaires were administered on respondents and the data collected was analyzed using descriptive statistics, linear regression statistical techniques. The results of analysis indicate that the major determinant of entrepreneurial behaviour is risk taking and innovation and positively influence performance of the small business. The study concluded that risk taking and innovation are determinant factors of entrepreneurial behaviour and it has major significant effect on the small business performance. It is recommended that small business entrepreneurs in Ogun State should develop and nurture entrepreneurial behaviour qualities that would assist their business to improve and run a sustainable business.