A Study on the Impact of Key Entrepreneurial Skills on Business Success of Indian Micro-entrepreneurs: A Case of Jharkhand Region

Abstract

This article is an attempt to analyze the skill-related dimensions of micro-entrepreneurs in the state of Jharkhand in India. A sample of 147entrepreneurs with valid responses was collected from three districts of Jharkhand, namely, Dhanbad, Bokaro and Ranchi. The demographic characteristics of these regions have been represented to give an insight into the region where the study has been conducted. Five dimensions of skills, namely, leadership skills, communication skills, human relation skills, technical skills and inborn aptitude, have been identified from previous literatures. Success has been measured as a perceived chance of business success. The study primarily analyzes the strength of the relationship of the skills with success. The questionnaire survey method was employed to collect data for conducting the study. Descriptive statistics, correlation and multiple linear regressions have been used as statistical tools for analysis. The findings of the study show the relationship and the effect of the skills on the success of micro-entrepreneurs, thereby leading to implications that leave further scope for future research. The study has helped in contributing to the existing literatures in this segment of the research.