Development of a variety of training techniques to improve the efficiency and skill development of indian micro-entrepreneurs

Abstract

The financial stability of a country is significantly influenced by microenterprises. Particularly in developing countries like India that are moving from traditional subsistence to a highly developed industrial economy, it is essential to economic progress. These microbusinesses are important because they are effective ways to improve society generally, create employment, maintain livelihoods, and increase the country's GDP. To make microenterprises an effective tool for generating employment and building sustainable lifestyles, it is also necessary to provide an appropriate training method for micro-entrepreneurial skill development. The microentrepreneurs' efficiency will increase as a result. A sample of 147 business owners from three Jharkhand districts—Ranchi, Ramgarh, and Lohardaga—who provided legitimate answers was gathered. These areas' demographics have been depicted to provide a sense of the area in which the survey was carried out. Leadership, communication, human relations, technical, and inborn aptitude are the five aspects of talents that have been recognized from earlier research. Success has been quantified as the perceived likelihood of achieving corporate success. The main analysis of the research is how strongly abilities are related to success. To gather information for the research, a questionnaire survey approach was used. Statistical approaches for analysis have included multiple linear regressions, correlation, and descriptive statistics. The study's conclusions demonstrate how skills relate to and impact micro-entrepreneurs' success, which has ramifications that allow for further research in the future.