ENTREPRENEURIAL COMPETENCIES REQUIRED BY BUSINESS EDUCATION STUDENTS FOR ESTABLISHING SMALL BUSINESS VENTURES IN LAGOS STATE

Abstract

The study examined the entrepreneurial competencies required by Business Education students for establishing small business ventures in Lagos State. A total of 100 respondents comprising 60 business education lecturers and 40 entrepreneurs in Lagos metropolis made up the population for the study. Three research questions guided the study. The instrument used for data collection was a structured questionnaire with reliability coefficient of 0.84. Data collected were analyzed using mean and standard deviation. Findings of the study revealed that managerial skills, information and communication technology skills and marketing skills are required by business education students in establishing small business ventures. The study concluded that entrepreneurial competencies are highly required for establishing small business ventures. It was recommended among others that curriculum planners should ensure entrepreneurial competencies needed by business education students are included in business education curriculum; management of institutions should ensure managerial, marketing and communication competencies are taught and that government at all levels should make adequate financial provisions for business education programmes to facilitate the acquisition of entrepreneurial skills and competencies.