Impact of Entrepreneurship Attitude on Performance of Small and Medium Scale Enterprises in Mubi North Local Government Area, Adamawa State, Nigeria

Abstract

This study examined examine the impact of entrepreneurship attitude on small and medium enterprises performance in Mubi North Local Government Area, Adamawa State, Nigeria. The underperformance of Small and Medium-Sized Enterprises (SMEs) can be attributed to various factors, including a lack of initiative, inadequate administrative frameworks, and insufficient support systems for sustaining SME development. These factors significantly impact the profit margins and performance of these firms which can have widespread repercussions on the economy, such as increased bureaucratic corruption, a lack of social consensus on critical macroeconomic policies, and diminished profitability. The study adopted a cross-sectional exploratory survey design, which data were collected through copies of questionnaire administered to 384 respondents, and only 374 were returned successfully. Data collected was subjected to percentage analysis, and hypotheses were tested using regression analysis at the 0.05 level of significance. The findings revealed entrepreneurship attitude has significant impact on SMEs performance in Mubi North Local Government Area, Adamawa State. The study recommends that entrepreneurship attitude in Mubi North Local Government Area, Adamawa State, Nigeria, should focus on enhancing their skills in identifying and capitalizing on business opportunities. i.e. periodically re-evaluate their attitudes towards improving their entrepreneurship through self-reflection, seeking feedback, and participating in training programs that aim to cultivate a positive and adaptive entrepreneurial attitude.