Small scale businesses are at the heart of achieving sustainable economic growth in most nations. However, the peculiar environmental challenges faced by this sector has not taken forefront in order to increase their committed participation. Consequently, the study examined the business climate factors affecting economic growth of small scale construpreneurs (SSCs). The study engaged a survey research technique of 80 construpreneurs using a quota-purposive sampling method in Lagos and Ogun State; major economic hubs in Nigeria, through a questionnaire instrument. The data was analyzed using SPSS through principal factor analysis to elicit the crucial business climate factors affecting economic growth of SSCs. The result revealed three main categories of business climate factors which are Finance, Job Availability and Weak Policies as major business climate factors affecting the economic growth of small scale construpreneurs. The study made strategic recommendations for impactful growth of small scale construction entrepreneurs.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.