EFFECT OF ENTREPRENEURIAL SKILLS ON SMALL AND MEDIUM ENTERPRISES SURVIVAL IN KAKAMEGA COUNTY, KENYA.

 

Tom Stevens Saka

PhD Student School of Entrepreneurship Procurement and Management,

Jomo Kenyatta University of Agriculture and Technology, Kenya

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Prof. Gregory. S. Namusonge

Professor, School of Entrepreneurship Procurement and Management,

Jomo Kenyatta University of Agriculture and Technology, Kenya

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Dr Mike A. Iravo

Doctor, School of Entrepreneurship Procurement and Management, Jomo Kenyatta University of Agriculture and Technology, Kenya

 

CITATION: Saka, T., S., Namusonge, G., S., Iravo, M., A. (2017) Effect Of Entrepreneurial Skills On Small And Medium Enterprises Survival In Kakamega County, Kenya. International Journal of Arts And Entrepreneurship. Vol. 6 (7) pp 1 - 16

 

ABSTRACT

This study sought to appraise the effect of entrepreneurial skills on small and medium enterprises survival in Kakamega county, Kenya. Both primary and secondary data were used by the study. The study target population comprised of 1,241 SMEs that had been in operation for a period of 5 years and above. The sample for the study consisted of 127 SMEs in Kakamega County. Data were analyzed using descriptive statistics, correlation analysis and regression analysis using SPSS version 20. The study used a multiple regression model to establish the relationship between dependent and independent variable. The study findings indicated that there is a positive and statistically significant relationship between SMEs survival (dependent variable) and Entrepreneurial Skills (independent variable). The study recommended the need for the government as a policy setting organ to come up with conducive regulatory, trade, labour market, regional development, social and gender policies that suit the needs of aspiring and existing SMEs in order to influence entrepreneurial activities in the country and facilitate the survival of SMEs since SMEs are known to constitute larger percentage of economic activities. The SME owners should develop staff policies to facilitate the supply of qualified staff to support innovation in SMEs.

Key words: Entrepreneurial Skills, Small And Medium Enterprises Survival Kakamega County, Kenya, Sales Turnover And Profitability

 

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