Influence of Resilience on Survival of Small and Medium Enterprises
The study assessed the influence of resilience skill for the survival of SMEs in Edo State. Two research questions guided the study, while research question two was hypothesized and tested. 236 respondents were used using a proportionate sampling technique from a population of 1117 business owners. This is 23.63% of the population. A descriptive survey was used. A reliability coefficient of 0.77 was obtained with the use of Cronbach alpha formula. Data were obtained with the aid of a questionnaire. The research question was answered with mean, while t-test for the hypothesis. From the result, it was discovered that resilience skill influences SMEs survival. The two groups of entrepreneurs used for the study did not show any significant difference in possession of resilience skill for SMEs survival. It was concluded that resilience skill is needed by entrepreneurs to a high extent. It was also concluded that males do not differ significantly from female entrepreneurs in possessing resilience skill for SMEs survival. Consequently, it was recommended that appraisal of SMEs operations should be on a consistent basis to check for lapses, make improvement and increase customers’ goodwill, among others.
Amanda, P. (2017). Resilience skills top of employers' wish list for new hires. Retrieved on 28th December 2019 from
Branicki, L. J., Sullivan-Taylor, B., & Livschitz, S. R. (2018). How entrepreneurial resilience generates resilient SMEs. International Journal of Entrepreneurial Behavior & Research, 24(7), 1244–1263.
Chamorro-Premuzic, T & Lusk, D. (2017). The dark side of resilience. Retrieved on 13th May 2020 from
Campbell, S. (2017). The 8 magical benefits of resilience. Retrieved on 20th April 2020 from
Farradinna, S., Fadhlia, T. N., & Azmansyah, D. (2019). Psychological Resilience Predicted by Personality Traits, Locus of Control and Self-Regulation of Young Entrepreneurs in Pekanbaru. Global J. Bus. Soc. Sci. Review, 7(1), 106-113.
Farrell, L. (2019). The benefits of resilience training. Retrieved on 20th April 2020 from
Fatoki, O. (2018). The impact of entrepreneurial resilience on the success of small and medium enterprises in South Africa. Sustainability, 10(7), 2527.
Financial System Strategy (2020). FSS 2020 international conference on SME: Issues, challenges and prospects. Retrieved on 15th April 2020 from
Iborra, M., Safón, V., & Dolz, C. (2019). What explains resilience of SMEs? Ambidexterity capability and strategic consistency. Long Range Planning, 101947.
Innovation, Science and Economic Development, Canada (2020). Departmental plan. Retrieved on 13th April 2020 from
Kaiser, R.B. & Kaplan, R.E. (2013). Don’t let your strengths become your weaknesses. Retrieved on 13th May 2020 from
Kendra, C. (2019). What is resilience? Retrieved on 19th April 2020 from
Maas, Gideon, Herrington, Mike. (2006). Global entrepreneurship monitor South African report. The UCT Center for Innovation and Entrepreneurship. Retrieved on 15th April 2020 from
Mclntyre, G (2020). What percentages of small businesses fail? (and other need-to-know stats). Retrieved on 15th April 2020 from
Mulqueen, C. (2016). Are there cons to be resilient? Retrieved on 14th May 2020 from
Nikolić, N., Jovanović, I., Nikolić, Đ., Mihajlović, I., & Schulte, P. (2018). Investigation of the factors influencing SME failure as a function of its prevention and fast recovery after failure. Entrepreneurship Research Journal, 9(3), 1-21.
Oboh, G.A.T. (2002). Bank participation in the promotion of small and medium-scale enterprises. Being a paper presented at the 6th Fellows and Associates Forum of CIBN on 13th April, 2002.
Okpan FO (2000). Entrepreneurship (Text and Cases) Enugu Nigeria: Precision printers and publishers
Rahman, N. A., Yaacob, Z., & Radzi, R. M. (2016). The challenges among Malaysian SME: A theoretical perspective. World, 6(3), 124-132.
Udechukwu, F.N. (2003). Survey of Small and Medium Scale Industries and their Potentials in Nigeria. Proc. Seminar on Small and Medium Industries Equity Investment Scheme (SMIEIS), Central Bank of Nigeria (CBN) Training Centre, Lagos, Nigeria, pp. 6-18. Technical Report.
Watson, J. (2003). Failure rate for female-controlled businesses: are they any different? Journal of Small Business Management, 41(3) : 262-27
Youth Employment UK (2016). Youth unemployment in the UK-The current picture. Retrieved on 13th April 2020 from