Investigating the Influence of Personality Characteristics on Entrepreneurial Success: A Case Study of Entrepreneurs in Ikeja Business District
Abstract
The study set to investigate the Influence of personality characteristics on entrepreneurial success among entrepreneurs in Ikeja, Lagos. The study was a survey in which Ex post facto design was adopted for the study. Population and Sample and Sampling method simple random technique. The population for study was 200 respondents who were entrepreneur who were randomly selected in their various business units in Ikeja, Lagos State, Nigeria. Five research questions raised and Five null hypotheses were
formulated for the study. Questionnaire used for the study was designed by the researcher tagged Influence of Personality Characteristics On Entrepreneur Questionnaireÿ IPCOEQ was used for data collection. Frequency counts and simple percentage was used for demographical data, while t-test statistical analysis was used for the five null hypotheses. Findings revealed clearly that personality characteristic of extraversion significantly influenced perceived entrepreneurial success ( t (198)= 6.78, p<0.05 ); personality characteristic of emotional stability significantly influenced perceived entrepreneurial success.( t (198) = 7.94, p<.05 );
personality characteristic of openness significantly influenced perceived entrepreneurial success (t (198) = 6.84, p< .05} ), personality characteristics of conscientiousness significantly influenced perceived entrepreneurial success (t (198) = 8.62, p< .05 ). Further, the finding revealed that only the personality characteristics of agreeableness significantly influenced perceived entrepreneurial success (t (198) = 10.64, p< .05 ) The study concluded therefore that personality characteristics played significant influenced on entrepreneurship success. Among other recommendations, individuals who want to become entrepreneur should work on their personality traits to maximise their abilities, potential entrepreneurs should focus on personality traits, which enables them to improve their entrepreneurship behaviours.
