Community development cost, financial performance, oil and gas firms, Nigeria.
Abstract:Small businesses contribute greatly to employment generation and economic development of
Nigeria and Ogun State in particular. Despite effort many small businesses perform below
expectation. This study examined entrepreneurial behaviour effect on small business
performance in Ogun State, Nigeria. Both primary and secondary data were employed in this
study. The population of the study consists of 1,690 small business entrepreneurs registered by
SMEDAN in Ogun State, out of which 323 were selected using stratified and purposive sampling
techniques. 323 questionnaires were administered on respondents and the data collected was
analyzed using descriptive statistics, linear regression statistical techniques. The results of
analysis indicate that the major determinant of entrepreneurial behaviour is risk taking and
innovation and positively influence performance of the small business. The study concluded that
risk taking and innovation are determinant factors of entrepreneurial behaviour and it has major
significant effect on the small business performance. It is recommended that small business
entrepreneurs in Ogun State should develop and nurture entrepreneurial behaviour qualities
that would assist their business to improve and run a sustainable business.