Towards Defining Family Business in Ghana: The Perspective of SME Owners in Takoradi Metropolis, Ghana

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Towards Defining Family Business in Ghana: The Perspective of SME Owners in Takoradi Metropolis, Ghana

Abstract 

The study attempts to define family business in the Ghanaian context based on the views of SME owners in the Sekondi-Takoradi metropolis of Ghana. A total of 217 respondents sampled from SMEs that employ between one (1) and thirty (30) workers were selected through a non probability sampling in the form of convenience to obtain the required sample. These businesses were found to operate at the “market circle” while others were drawn from principal streets that lead to the “market circle” in Takoradi.  Structured closed-ended questionnaire in a 4-point Likert scale were used to elicit their responses which were analyse in frequency and percentage.

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