Risk-Taking and Smes Performance: Evaluating the Influence on Entrepreneur’s Autonomy

Abstract

Every company, regardless of size, needs to have an entrepreneurial mindset due to the development in globalisation, which has created instability in the business environment and is vital to the feat and survival of enterprises (Arshad & Rash, 2018). As a result, this study assesses how entrepreneur orientation affects the performance of SMEs in Nigeria's Kwara state. Risk-taking and autonomy are the entrepreneur orientations that were evaluated. A questionnaire was used in this study, and it was given to 376 workers of the 15 SMEs in the state that were chosen. A descriptive and basic regression technique was employed to analyse the 310 legitimately filed copies of the questionnaire. It was noted that at the five percent significance level, this study discovered that taking risks and being autonomous have a major beneficial impact on the performance of SMEs in the state.Therefore, the study suggests that Kwara state government agencies assist small and medium-sized enterprises (SMEs) in taking calculated risks so that, in the event that the risk-taking results in a plausibly diverging performance from expected performance, the SMEs can continue to grow.