ASSESSMENT OF ENTREPRENEURIAL CHALLENGES ON OPPORTUNITY IDENTIFICATION OF SECOND CAREER ENTREPRENEURS IN NORTH-WESTERN NIGERIA
Abstract
The study seeks to assess entrepreneurial challenges on opportunity identification of second career entrepreneurs in north-western Nigeria. A sample of 50 retirees was purposely taken from each state governments of the north-western State’s civil servant retirement list between2017-2022 (period of five years). A purposive sampling was used to determine the sample from each state and then simple random sampling method was used to determine the appropriate sample of the respondents that were administered questionnaires. 280 questionnaires were distributed to respondents regarding challenges faced by second career entrepreneurs on opportunity identification. All the three null hypotheses were rejected. The study found that adjusting to entrepreneurial life of second career entrepreneurs, re-establishing self-confidence of second career entrepreneurs has positive relationship with entrepreneurial opportunity identification and keeping personal finance out of business has significant relationship with entrepreneurial opportunity identification. It is therefore, recommended that all the challenges faced by second career entrepreneurs should be address and incorporated into preretirement courses and training to prepare potential retirees for future entrepreneurship opportunity identification.
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