ENTREPRENEURIAL SUCCESS

Feasibility studies play a crucial role in business planning and entrepreneurial success by assessing the viability of business ideas, identifying potential challenges, and optimizing resource allocation. This study examines the impact of feasibility studies on entrepreneurial success in Benin City, with a focus on business startup, cost implications, business environment insights, capital requirements, and challenges hindering entrepreneurs from conducting feasibility studies. The research employs a quantitative approach, utilizing descriptive and inferential statistical techniques to analyze data collected from 120 entrepreneurs in Benin City. These were collected by the use of well-structured questionnaires which were administered to business owners, managers, and other key stakeholders in selected SMEs. Findings indicate that feasibility studies significantly enhance business success by reducing uncertainties, securing investments, and guiding strategic decision-making. However, the study also reveals that the high cost of conducting feasibility studies poses a major barrier, limiting accessibility for small business owners. Additionally, the research confirms that feasibility studies provide critical insights into the business environment, including market demand, competition, and risk factors, thereby improving business positioning. The study further establishes a strong relationship between feasibility studies and capital planning, highlighting their role in securing adequate funding and managing financial risks. Lastly, findings suggest that financial constraints and lack of awareness are key challenges preventing entrepreneurs from utilizing feasibility studies effectively. Based on these findings, the study recommends that policymakers and financial institutions implement measures such as subsidized feasibility study programs, financial assistance schemes, and awareness campaigns to promote the
adoption of feasibility studies among entrepreneurs. The study contributes to the growing body of knowledge on business feasibility analysis and provides practical insights for aspiring entrepreneurs and business development agencies in Benin City.

This study was carried out to access influence of networking role on
entrepreneurial success of fine and applied art students in University of Benin, Edo State. This study adopted a survey research design. A population of 248 fine art students in the Department of Vocational and Technical Education was selected. The researcher constructed a questionnaire title networking role on entrepreneurial success required by
fine art student in the University of Benin for employment creation and self-reliance. The respondents out of the 249 distributed 199 were retrieved. Four research questions were examined while mean and standard deviation was used to analyze the data retrieved from the respondents. Findings revealed that Fine Art students require networking role in entrepreneurial success for the teaching and learning for self-reliance and employment creation. It was recommended among other that effort should be made by management to ensure that career development programme be instituted in order to encourage employable skills, acquired in fine art program to become job creators upon graduation

This study was carried out to access influence of networking role on
entrepreneurial success of fine and applied art students in University of Benin, Edo State. This study adopted a survey research design. A population of 248 fine art students in the Department of Vocational and Technical Education was selected. The researcher constructed a questionnaire title networking role on entrepreneurial success required by
fine art student in the University of Benin for employment creation and self-reliance. The respondents out of the 249 distributed 199 were retrieved. Four research questions were examined while mean and standard deviation was used to analyze the data retrieved from the respondents. Findings revealed that Fine Art students require networking role in entrepreneurial success for the teaching and learning for self-reliance and employment creation. It was recommended among other that effort should be made by management to ensure that career development programme be instituted in order to encourage employable skills, acquired in fine art program to become job creators upon graduation