Iyore Asemota

This study examines the impact of mentorship programs on the success of small
and medium-sized enterprises (SMEs) in Benin City, To ensure a comprehensive analysis, the study surveyed Osa-RT ventures and Edo choice transport limited, located in Benin city. The researcher adopted questionnaire in collecting relevant i formation for the study, the analysis is based on responses from 49 participants out of the 50 questionnaires distributed, resulting in a 98% response rate. The study highlight key factors that contribute to effective mentorship and the challenges SMEs face in accessing these programs. The research employs a quantitative approach, analyzing data through Pearson correlation coefficients. Findings indicate a strong positive correlation between access to mentorship and SME success (r = 0.471, p < 0.01), demonstrating that mentorship significantly enhances business performance. Additionally, successful mentorship relationships are influenced by factors such as goal alignment, regular communication, and mentor expertise (r = 0.297, p < 0.05). However, SMEs face challenges in accessing mentorship due to lack of awareness, difficulty in finding suitable mentors, and financial constraints (r = 0.505, p < 0.01). The study further establishes that improving mentorship access correlates with better SME performance (r = 0.645, p < 0.01). Based on these findings, recommendations include It is important to improve awareness of mentorship programs through targeted outreach and marketing, Mentorship programs should be designed to ensure clear goal alignment and facilitate regular communication between mentors and mentees and Mentorship programs should be customized to meet the specific needs and constraints of SMEs.

This research explores the opportunities and challenges of family-owned businesses, aiming to provide a comprehensive understanding of the factors that influence their success and longevity. The broad objective is to identify the key enablers and obstacles that family businesses face and to offer actionable recommendations for enhancing their sustainability and growth. The study employs a survey methodology, gathering data from a diverse range of family-owned businesses. Respondents provided insights on various aspects such as succession planning, intergenerational involvement, communication, and conflict resolution. Statistical analysis was conducted to determine the mean and standard deviation for each variable, highlighting the level
of agreement and variability in responses. The results reveal that early involvement of the next generation and structured succession planning are critical for fostering engagement and ensuring continuity. Effective communication and conflict resolution are also essential for mitigating internal disputes and maintaining performance. However, significant challenges include family conflict hindering succession planning and limited interest from the next generation. There is variability in opinions regarding the impact of effective succession on business growth and stability, indicating mixed perceptions of its benefits. To capitalize on their
inherent strengths and overcome challenges, family-owned businesses should prioritize structured succession planning and actively involve the next generation early, enhance communication and conflict resolution mechanisms for minimizing internal disputes as addressing family conflicts and fostering strong family relationships are essential for effective succession planning. By implementing these strategies, family businesses can achieve sustainable growth and long-term success. This research underscores the need for a strategic approach to managing family dynamics and succession processes, offering valuable insights for
practitioners and scholars in the field of family business management