MJAMR

Relationship Between Business Growth And Entrepreneurship Development In Kisoro District

Arinaitwe Julius


Abstract

The study aimed at the relationship between business growth and entrepreneurship development in Kisoro District. Statistical analyses through techniques such as correlation, regression and structural equation modeling were then performed to determine association patterns and causal pathways between independent variables of entrepreneurial traits, start-up capitals, support programs utilized and dependent variables encompassing annual sales turnover, employee count, geographic expansion and value addition measures. The correlation between entrepreneurship development and growth of businesses in Kisoro district was positive and significant at the 0.05 level (2-tailed). The Pearson correlation coefficient between the two variables was 0.606, indicating a strong positive relationship between them. This suggested that as entrepreneurship development improves, there was a corresponding increase in the growth of businesses in the district. This correlation had important implications for policymakers and stakeholders involved in youth livelihood programs in Kisoro district. The study recommended that the district government should work closely with the private sector and civil society organizations to provide access to markets for young entrepreneurs in the district.

Keywords

business growth and entrepreneurship development
Metropolitan Journal of Academic Multidisciplinary Research

Cite This Article

Arinaitwe Julius (2024). Relationship Between Business Growth And Entrepreneurship Development In Kisoro District. Metropolitan Journal of Academic Multidisciplinary Research, 3(1). https://journals.miu.ac.ug/pages/article.php?article_id=1210

More in This Issue

View full issue →
56
Work Environment And Organizational Performance: A Case Of Kabale Local Government, Uganda
Kiconco Josephine
work environment and organizational performance
57
Working Capital Management And Financial Performance Of Mukwano Manufacturing Industry In Uganda
Kiiza Acrobert Moses
Working Capital Management Financial Performance and Mukwano Manufacturing Industry
58
Working Capital Management and Its impact on financial profitability of mukwano group of companies in Uganda
Zikusooka Enock, Edris Kasenene Serugo
payables inventory management receivables working capital management and financial