Assessing the contribution of entrepreneurial skills on the performance of SMEs in Owino market

Abstract

Many of the SMEs in Uganda do not engage in networking through their entrepreneurs which is commonly caused due to lack of social capital and personal entrepreneurial skills. Studies have shave indicated that SMEs do play a key role in fostering economic growth, generating employment opportunities and reducing poverty (Arinaitwe; 2006). In Uganda, SMEs have further proven important to be entities which have continued to play a critical role in the economic development of Uganda. The study was about the contribution of entrepreneurial skills on the performance of small scale businesses in Owino market and was guided by three objectives which included Identifying Leadership skills, Marketing skills and financial skills and their impact on business performance. The study used a case study design and applied qualitative data. The study also used correlation approaches to establish the relationships amongst the study variables. A sample of 63 respondents was used and the findings were analyzed using SPSS. The data was presented using tables and frequency tables. The study established the relationship between entrepreneurial skills on the performance of Small scale businesses in Owino. The study made several recommendations among which was that government has to come in and work on the quality of infrastructure to create more space for its entrepreneurs, financial training and financial support through Micro- finance institutions and government programs among others