The effects of start-up factor (self-efficacy) on business performance

Abstract

The study examined relationship between self-efficacy and business performance using 500 SMMEs in Gauteng province, South Africa. Questionnaire was used to collect data from 500 SMMEs owners. The findings from the survey were modelled through a categorical regression model with business performance as dependent variable. The level of significance of the fourteen variables out of eighteen variables suggests that self-efficacy be classified as the strongest predictor of business performance. These findings, depicting the magnitude of the business environment in the study area, clearly confirm the positive impact of self-efficacy on business performance.