Effect of Family Business in the Promotion of Entrepreneurship Skills among the Youths in Ebonyi State
Abstract
The study investigated the effect of family business in the promotion of entrepreneurship skills among the youths in Ebonyi State. Specifically, the study dwelt to ascertain the level at which family business can promote or encourage innovative skills among Youths and to determine the level at which family business can drive good business orientation skills inculcated in the Youths in Ebonyi State. Survey research design method was adopted for the study, as it had to deal with issues of the economy as regard to effect of family business in the promotion of entrepreneurship skills among the Youths in Ebonyi State. Seventy-Two (72) respondents were sampled among the business people across the study area. The method of data analysis employed for the study was descriptive statistics and Pearson Product Moment Correlation Coefficient. The findings revealed that there was a significant relationship between family business and the level at which it can promote innovative skills among the Youths in Ebonyi State [p-value = 0.023<0.05 and it is significant at 95% confidence interval and the value of R is 0.768] and a significant relationship between family business and the level at which it can get good business orientation skills inculcated in the youths in Ebonyi State [p-value = 0.047<0.05 and it is significant at 95% confidence interval and the value of R is 0.687]. The study concluded that through family business, innovative skills among the Youths can be enhanced and as well enable them to inculcate good business orientation skills. Recommendations were made among other things that government should always encourage entrepreneurs, especially Youths with meaningful economic resources that will make them to be productive and self-reliant in the cause of doing family business and that Youths should always prioritize engaging in better businesses that provide opportunities for them to develop their business orientation skill. So doing, their business would always thrive.
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