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ABSTRACT
This study helps to ascertain the factors influencing the success of small and medium scale business in Egor LGA of Edo State, Nigeria. The purpose of this study was to Determine to which extent entrepreneurial skills affect the success of small and medium scale business, Ascertain the extent to which rival competition affects and the success of small and medium scale business, Determine the extent to which financial resources affects the success of small and medium scale business. Six research questions were raised to guide this study.
Description survey research design was adopted to accomplish the objectives of the study. The population of the study consists of twenty eight (28) of the businesses in Egor LGA of Edo State and the sample size of all one twenty eighteen (28) registered and unregistered business for the study.
The instrument for data collection was the questionnaire developed by the researcher and was validated by the researcher's supervisor and two other experts from the Department of Vocational and Technical Education. The reliability coefficient was 0.79 using cronbach Alpha correlation coefficient methods. The data collected were analyzed statistically using the statistical package of social sciences (SPSS) software.
The findings shows that the extent does rival competition influences the success of small and medium scale business is high, that the extent has financial resources influenced the success of small and medium scale business.
