The Effects Of Entrepreneurial Characteristics On Business Performance
[A CASE STUDY OF APEX PAINT LTD]

1.8     Scope of the study
The study covers an empirical examination of the effect of entrepreneurial characteristics on business performance. The study also identifies the practical approaches use in developing entrepreneurship as well as the problems militating against entrepreneurship development.
1.9 Operationalization
X=f(Y)
X= independent variables
Y= dependent variables

1.10     Definition of terms
    Entrepreneurship: is an innovative act, which includes endowing existing resources for new wealth – producing capacity (Afonja, B. 1999). Entrepreneurship can be seen as a process which involves the effort of an individual (or individuals) in identifying viable business opportunities in an environment and obtaining and managing the resources needed to exploit those opportunities.
    Entrepreneur: as an innovating individual, who initiates and nurtures to growth a new and an ongoing business organization, where none existed before. He is an individual who successfully thinks or conceives of a new business concern, organizes or initiates action to start it, and manages it through its initial problems and struggles for survival. An individual that identifies develops and brings vision to life under – condition of risk and a considerable uncertainty (Bashar, O. 2005)
    Entrepreneurial Characteristic: These are traits that make an individual an entrepreneur (Tonga, R. 2009). These are the qualities of a successful entrepreneur.
    Business Performance: it can be defined as a process or set of processes for establishing shared understanding about what is to be achieved, and of managing and developing people in a way which increases the probability that it will be achieved in the short and longer term. It is about improving both results and the quality of an organization success.