Impact of Education and Training on the Performance of Micro and Small Enterprises: A Case of Kisumu City Bus Park - Kenya

Abstract

Micro and Small Enterprises (MSEs) play an important economic role in many countries. In almost all economies, small businesses are vital for sustained growth. This paper highlights the influence of education and training on the performance of the Micro and Small Enterprises. It attempts to asses the relationship between the level of education and training of the entrepreneur and the performance of the business enterprise. A descriptive Survey employing the use of questionnaires and an interview schedule were used to collect data from a sample size of 286 Micro and Small enterprises picked from a population of 1300 operating within and around a 400 meter radius of Kisumu City’s main bus Park. They were selected using stratified random and purposive sampling techniques. Data was analyzed using descriptive statistics such as frequencies and percentages. A Chi Square test was used to test the significance of associations between the entrepreneur’s level of education and the daily revenues generated by their businesses. The findings were displayed in percentages, frequencies, and tables. The study found that education and training influenced SMEs performance significantly. The entrepreneurs with more education and training performed better than those with lower levels of education