The Influence of Mathematical Skills on Entrepreneurship Success in Tanzania: A Case of Petty Traders in Mwanza City Council
Loading...
Date
2024-11
Journal Title
Journal ISSN
Volume Title
Publisher
African Journal of Accounting and Social Science Studies (AJASSS)
Abstract
The need of mathematical proficiency remains as standing tool in promoting
newly growing technology and entrepreneurship. The role of mathematics on the
entrepreneurship in enhancing business operations, decision-making processes,
and overall business management in today’s competitive market can’t be
ignored. By recognizing that, the current study intended to assess the influence
of Mathematical skills on entrepreneurship success among petty traders in
Mwanza city council. Through exploratory design the study adopted crosssectional survey design approach. 80 small scale shop retailers were structured
interviewed using questionnaire sheet. Qualitative insights from petty traders
were quantitively measured by Likert scale and analyzed by binary logistic model
through SPSS package. The findings revealed a significant influence of
mathematical skills on improving entrepreneurial outcomes, such as increased
profitability, better cash flow management, and enhanced risk and business
planning skills. At 0.05 confidence interval Mathematical skills and other factors
such as Capital, experience and gender were observed to be significant
determinants which can predict the success of any business. The study
highlighted the importance of mathematics and entrepreneurship education in
empowering petty traders and recommended that, proper policy interventions
can develop the quality of mathematics education for Petty traders, implement
community-based trainings towards mathematical implications on financial
management. Furthermore, financial institutions should stand on promoting
students in mathematics performance to all levels of education so to prepare the
well-trained future entrepreneurs.
Description
Keywords
Mathematics skills, Mathematical performance, Entrepreneurship success, Petty traders, Tanzania