- Author(s): Ukpabi, I. D and Salaudeen, K. K
- Volume 11, No 2, 2023
Entrepreneurs have been challenged ever since, with several factors which impede their entrepreneurial activities towards successful entrepreneurship and sustainability. An entrepreneur cannot progress without overcoming the challenge that poses as a threat towards harnessing the imminent business opportunity identified. These challenges initiated the purpose of this study to examine how capital acquisition and managerial skills affect entrepreneurial success in Nigeria. The study adopted a descriptive research design. Two hypotheses were tested at p<.05. It was found that influence of capital acquisition has significant influence on entrepreneurial success in Nigeria and
that managerial skills has significant influence on entrepreneurial success in Nigeria. It was therefore concluded that capital acquisition has a significant impact on entrepreneurial success, which suggests that there are high chances of business success in Nigeria when there is sufficient or adequate capital. It also demonstrates how important capital is to an entrepreneur’s ability to succeed before starting a business. The study also finds that managerial skills have a substantial impact on entrepreneurial success. This suggests that when an entrepreneur has appropriate business skills or abilities, venturing into this will attract clients, which will turn out to be a fantastic advantage for the business.