Apprenticeship and Venture Success Among Igbo Business in Anambra State, Nigeria

The study examined the apprenticeship and venture success among Igbo business in Anambra State, Nigeria. Objectives of the study were to: To examine the extent to which tenure of apprenticeship influences venture success among Igbo business in Anambra State; To determine the extent to which business mentoring influences venture success among Igbo business in Anambra State; To ascertain the extent to which business tolerance influences venture success among Igbo business in Anambra State. The study adopted survey research design. The categories of people; traders, artisan, and manufactures from the four commercial cities of the State. This amounted to four hundred (400) business people such as: traders, skilled workers, and manufacturers in Anambra State, Nigeria which served as the population and sample size of the study (because of its manageable size). Sample size of 400 respondents was used, which was determined using Freund and William’s statistical formula. The study adopted stratified sampling technique to reach out to different strata using a structured questionnaire. The research instrument was validated using face and content validity. Cronbach’s Alpha Statistic was used to test the reliability of the instrument, of which the results were all above 70%. The primary data collected were collated and tested using regression analysis at 5% level of significance with the aid of SPSS version 23. Data collected was analyzed using descriptive statistics (frequencies, percentages, mean, and standard deviation) and the inferential statistics such as t-test statistics and the linear regression model. From the Analysis the study found that; Tenure of apprenticeship has significant influence on the venture success among Igbo business in Anambra State, Nigeria; Mentoring has significant influence on the venture success among Igbo business in Anambra State, Nigeria; Business tolerance has significant influence on venture success among Igbo business in Anambra State, Nigeria. It was recommended among others that; Parents and representatives of the apprentice should advise their ward on the need to be patient and diligent to carefully learn the business skills from the master. Masters should endeavour to mentor their apprentice because through mentoring they can build very strong business synergy in the long run.