THE IMPACT OF NEUROTIC ENTREPRENEURSHIP ON BUSINESS PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES

O. Adegbuyi1, E. Ayoade2, O. Ogunnaike2, A. Adegbuyi2, O. Binuomote3

1Victoria University (UGANDA)
2Covenant University (NIGERIA)
3Federal University Ndufu-Alike Ikwo (NIGERIA)
The development of small and medium scale enterprises (SMEs) is paramount to the survival of many nations. The personality of the entrepreneur is a major determinant for growth and improve business performance. Among the big five personality traits, understanding of the neurotic nature of entrepreneur’s portrait a fundamental negative effect on performance to so many. This paper investigates the impact of neuroticism on entrepreneurs’ business performance. 245 copies of questionnaire were retrieved from guild of entrepreneurs in their monthly meeting. Statistic package for social science (SPSS), regression and correlation analysis were used to analyze and measure the relationship and strength of the impact of neurotic entrepreneur and business performance. Structural Equation Model (SEM) was used to confirm the model fit. The result shows a plethora and educative revelations about the inherent traits of the entrepreneurs and what implication it holds for the development of the entrepreneurial activities. The study recommended appropriately how the policy of the government should be all inclusive to promote continuous education and skill development to increase on personality traits of practising and would-be entrepreneurs.