BIJED

Abstract

This study explored the impact of entrepreneurship education on small business startups in the Benin City. The study utilized a survey research design, collecting data from 80 respondents through the use of structured questionnaires. Data was analysed using regression analysis through the use of SPSS software to test the research hypotheses. Findings indicate that entrepreneurship education significantly enhances key business competencies, including business planning, financial management, problem-solving, and innovation. Entrepreneurs who receive formal education in these areas demonstrate better decision-making and adaptability in managing their businesses. Key success factors identified in the study include mentorship, networking opportunities, and real-world exposure to business challenges. These elements contribute to the entrepreneurs' ability to navigate the complexities of starting and sustaining a business. However, despite the benefits of entrepreneurship education, several challenges hinder the full application of acquired knowledge such as limited access to funding, poor infrastructure, intense market competition, and bureaucratic barriers pose significant obstacles for aspiring entrepreneurs in Benin City. The study concludes that while entrepreneurship education plays a crucial role in fostering business success, supportive policies and infrastructure improvements are essential to maximize its impact. Government and private sector interventions should focus on providing financial support, improving business-friendly infrastructure, and streamlining regulatory processes to create an enabling environment for entrepreneurs in order to improve growth and development of small business startups.