Paper short abstract:

Leadership is empowerment, lack of it cripples and incapacitates small business enterprise. Small business owners in Accra and Lagos have shown that effective leadership is extremely important for sustainability Leadership training is the key to keep small business enterprise in business

Paper long abstract:

Effective leadership is one of most essential parts of the overall method for an organization to sustain their business in the face of problems caused by the rapid growth of the economic environment. Leaders are the one who control and take charge of the operation of an organization and good leaders are able to set optimistic goals and objectives while steering the operation of the company towards those goals through effective strategies. Leadership is a kind of power where one person has the ability to influence or change the values, beliefs, behaviour and attitudes of another person. Small medium enterprise have been the hope for economic development, especially in the wake of growing unemployment that plagues most developing countries. Small business owners who have weathered the storm of the unstable economic climate, unfavourable government policies, political instability, and other peculiar uncertainties in Ghana and Nigeria; all point to the knowledge of proper and effective leadership, whilst the lack is the poison that kills businesses. The knowledge of effective leadership will lead to a great increase in the amount of small medium enterprise that exist.