PORTFOLIO ENTREPRENEURSHIP AND ENTERPRISE DEVELOPMENT IN AN EMERGING ECONOMY

The ability to leverage existing resources across various business initiatives can significantly impact local development of enterprises especially in emerging economy. Hence, the study investigated the effect of portfolio entrepreneurship on development of enterprise in an emerging economy. Specifically, it examined the effect of market diversification, venture synergy and revenue stream on enterprise development. Survey research design was adopted with a population of 500 purposively selected registered portfolio entrepreneurs in Ilorin, Kwara state, Nigeria. 222 sample size were administered structured questionnaire. Data collected was analyzed using PLS-SEM. Findings revealed that Revenue Stream has the strongest effect on Enterprise Development. It concluded that portfolio entrepreneurship is significantly vital for enterprise development in emerging economy. It therefore strongly recommended that portfolio entrepreneurs in emerging economies prioritize market diversification strategies and venture synergy as a key pillar of their enterprise development efforts. Additionally, it is recommended that portfolio entrepreneurs in emerging economies implement robust financial management and revenue diversification strategies across their venture portfolio.