Abstract'
This study examines the relationship between business competencies and entrepreneurial performance among
the micro, small and medium enterprises (MSMEs) owners in Lagos State, Nigeria. Thus, to achieve the
research objectives this study employed cross-sectional research. design with the adoption of survey method.
The collected data were analysed using Structural Equation Modelling (SEM) to show the degree of
correlation between the multiple variables under study. The structural path reveals statistical insignificant of
human resource competency on entrepreneurial performance at (p=.049, .CR = . 741, p = .459). The financial
competency on entrepreneurial performance is insignificant (p = -.023, CR · = -.356. p = . 722) while
operational competency did not contributed significantly to entrepreneurial performance (p = .008, CR =
.122, p = .903). However, the structural model further indicated that marketing competencies has contributed
significantly to entrepreneurial performance (p = .148, CR = 2.181, p = .029). The researcher concludes that
there is a partial significant relationship between business competencies and entrepreneurial performance.
The study recommended that the individual-organisation characteristics such as knowledge, skills, and
abilities are required to perform a specific job perfectly at the organisational level (e.g. human resource
competency, marketing competency, financial management competency, and operational management
competency). Therefore, the entrepreneurial training agencies ·can take a clue from this study finding when
designing entrepreneurial training curriculum with effective state-of-the-art facilities by taking into
consideration functional business competencies
