Entrepreneurial Skills Required of Small and Medium Scale Construction Firms’ Operation in Abuja, Nigeria

Author(s)

K.C. Okolie & Ukwumonun Etubi; Department  of Building, Faculty of Environmental Science, Nnamdi Azikiwe University Awka, Nigeria

Abstract

The study examined the entrepreneurial skills required of small and medium-scale construction firms’ operations in Abuja. One research question and hypothesis guided the study. The study adopted a descriptive research design. The population of the study consisted of 976; 401 managers and 572 contractors in registered small and medium-sized building construction firms in Abuja. A sample size of 278; 119 managers and 159 contractors were used for the study. The sample size for this study was determined using Taro Yamane’s sample reduction formula. The data for this study was collected using a structured questionnaire. The face and content validity of the instrument was established using the opinions of three experts from the Department of Building, Faculty of Environmental Sciences, Nnamdi Azikiwe University, Awka. The reliability of the instrument was established using Cronbach alpha; which yielded a reliability coefficient of 0.78. The findings of the study revealed that financial management, industry knowledge, project management, innovation and technology savvy, risk management, quality control, and adaptability are the most essential entrepreneurial skills for small and medium-sized construction firms in Abuja. The study among others recommended that managers of these firms should place emphasis on financial management skills, and networking skills through training programs, workshops, and mentoring opportunities.

Keywords

entrepreneurial skills; small and medium-sized building construction firms; performance

Cite this paper

Okolie, K.C., Etubi, U. (2024), Entrepreneurial Skills Required of Small and Medium Scale Construction Firms’ Operation in Abuja, Nigeria, IRESPUB Journal of Environmental & Material Sciences. Volume 3, Issue 3, May – Jun 2024, Page 1-7

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