1.0 Introduction
1.1 Background of the Study
The importance of entrepreneurial skills in the economy of developed and developing countries have led and would continue to lead to a reconsideration of their roles in the economy of nations. However, success for entrepreneurial ventures requires competent skills. The extent to which graduates of auto technology possess entrepreneurial skills would finally help them to be successful entrepreneurs.
Entrepreneur plays a dominant role in the development of business opportunities. According to Ihekwoaba (2007) an entrepreneur is any person who uses skills to discover hidden business opportunity and exploits it for a profit. Entrepreneur is a change agent, an innovator and a risk taker, who exploits business opportunities within the environment by utilizing the resources effectively to develop new technologies, produce new products and services to maximize profit and contributing significantly to societal development.
This desire of an entrepreneur to maximize profit and contribute to economic and social well being of the society shows the entrepreneur's great ability to organize in business organization. The activity or activities of the entrepreneur is called entrepreneurship.
Entrepreneurship is a process of bringing together creative and innovative ideas, combining them with management and organization skills in order to combine people, money and resources to meet an identified need and thereby create wealth (Agomuo, 2002).
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