ATTENTION:
BEFORE YOU READ THE ABSTRACT OR
CHAPTER ONE OF THE PROJECT TOPIC BELOW, PLEASE READ THE INFORMATION BELOW.THANK
YOU!
INFORMATION:
YOU CAN GET THE COMPLETE
PROJECT OF THE TOPIC BELOW. THE FULL PROJECT COSTS N5,000 ONLY. THE FULL
INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT IS AT THE BOTTOM OF THIS
PAGE. OR YOU CAN CALL: 08068231953, 08168759420
EXAMINATION
OF PROBLEM FACING SMALL SCALE BUSINESS IN RURAL AREAS OF EDO STATE
CHAPTER ONE
INTRODUCTION
Nigeria is
one of the countries in West Africa with vast population of both human and
natural resources for her full development. One of the ways developing
countries like Nigeria starts high level development is through the
establishment of different types of business organisation that will help the
country to channel her resources into productive areas. This means that
business organisation can play a major role in the process of transforming an
underdeveloped economy like Nigeria into a developed one.
Business
organisations form the most important aspect of the economy of every developed
nation. There are different kinds of organisations such as governmental,
religious, charity, trade unions and associations but none of the above mention
appears to be as important to the economy as the business organisations, this
is because they are closely and generally identified as economic institutions.
In most parts of the world, the high value of small scale enterprises in the
process of socio-economic development has been well documented, particularly in
developing countries. It is now realised that large scale enterprise cannot be
alone be expected to play a dynamic role, that they are suppose to play in the
rapid growth and development of the economy. (Nwoye, 1994).
Business
organisations can therefore be described as an organised effort or activity by
a person or a group of persons employing the resources of the environment to
produce and distribute goods and services with objective of maximising profit.
(Barach, 1977). The major incentive for setting up a business enterprise is the
profit motive, There are many entrepreneurs that do not easily recognise that
they are established in other to provide some services to the society. In such
cases, providing services is the same as creating a customer to achieve
whatever objective he may have. A business man or woman must be familiar with
event in his or her environment.
Commencing a
new business like small scale business in Nigeria and making it grow involves
both the science of creation and art of management. It also entails a lot of
risk but chances of making it succeed will be better if one understand the
problems that will be met and work out as many of them as possible before the
business takes off and such Problems includes Failure to plan, skilled
manpower, infrastructure, finance, raw materials.
Another
important consideration for any businessman and woman is the decision to know
about the form of business organisation to adopt. Basically there are three
forms of business ownership, we have the single proprietorship, partnership and
corporation. Single proprietorship is an enterprise owned by an individual, the
owner is the manager, it is commonly found in the areas of retailing firms,
professional practice, repair shops e.t.c. The formation of a small business
under single proprietorship does not need any legal formalities, since the
business and its ownership are often one and the same. (Nwoye, 1994).
Partnership is a form of business organisation owned by two or more persons by
voluntary arrangement. As is sole proprietorship, partnership is not a separate
entity from the owners. The legal requirements in formation of a partnership
are also minor in registration of business and securing of a license or permit.
(Nwoye, 1994).
Small scale
business is any business organisation whose annual turn-over does not exceed
five hundred thousand naira (500,000). Its capital includes cost of machinery
and equipment which does not exceed six hundred thousand naira and employees
not more than fifty workers
Corporation
is the most complex type of business organisation both in formation and
operation. A business corporation has been described as legal entity having
separate life from its owner unlike the two other forms of business
organisation, The ownership is represented by shares of stock in the company.
Anyone who owns shares in a corporation becomes part owners of the business. To
determine which of these three categories of organisations that best describe a
particular business organisation, a number of factors are considered such as
availability of capital required, ability and experience of owner, difficulty
of organisation, degree of control, types of business engaged, the size of the
market and even the location.
The
increasing rate of failure of many small scale business organisations in the
rural areas of Edo State, suggest that this kind of business is facing some
problems, this situation has prompted this study to wanting to examine both the
remote and immediate problems if any that faces this business organisation
Statement of
the Problem
Small scale
business in the rural areas of Edo State have problems that are widely observed
by the generality of the people. Small scale business appears to be either
disappearing or incapable of growing and expanding. It appears that many
undergraduates are roaming the street without job, this existing and disturbing
observation has prompted the researchers to carry out this study to assess the
problem confronting small scale business from going into extinction, if this
trend is not curtained now, sooner or later, unemployment rate would be
uncontrollable in Edo state due to the unenticing nature of small scale
enterprises in The rural areas . Most small scale enterprises in rural areas
are unattractive to graduates due to lack of infrastructural development and
other factors.
Purpose of
the Study
The purpose
of the study is to identify the problem facing small scale business
organization in Edo State. Specially,
the study sought to ascertain:
The way
Financial problem affect small scale business in Edo state.
The way lack
of infrastructures affect small scale business in Edo state.
The way
failure to plan affect small scale business in Edo state.
The way lack
of skilled power affect small scale business in Edo state.
The way raw
material problem affect small scale business in Edo state.
Research questions
The
questions which this study attempt to answer is:
How does
Financial problem affect small scale business in rural areas of Edo state?
How does
lack of plan affect small scale business in Edo state?
How does raw
materials problem affect small scale
business in Edo state?
How does
infrastructure problem affect small
scale business in Edo state?
How does
lack of skilled manpower affect small
scale business in Edo state?
Significance
of the Study
This project
is written with a view to presenting an examination in problems facing small
scale business organisations in the rural areas of Edo State, which of course
will enlighten the mind of scholars and other interested persons that are
inquisitive in knowing the problems confronting the small scale business
organisation.
This study
is expected to be of great benefit to all prospective and aspiring individuals
who want to operate business enterprises in rural areas of Edo State. So also
it is intended to benefit other researchers, policy planners and government
both at state and Federal levels.
Scope of the
Study
This study
of the trends in business organisation is specifically related to small scale
business and in particular problems facing small scale problems in rural areas.
But this is not to say that large scale business organisation is not facing
some problems. But due to time and financial constraint, only a sample of the
small scale business organisations in the rural areas of Edo State will be
included in the study.
HOW TO RECEIVE PROJECT
MATERIAL(S)
After paying the appropriate
amount (#5,000) into our bank Account below, send the following information to
08068231953 or 08168759420
(1)
Your project topics
(2)
Email Address
(3)
Payment Name
(4)
Teller Number
We
will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account
Name: AMUTAH DANIEL CHUKWUDI
Account
Number: 0046579864
Bank:
GTBank.
OR
Account
Name: AMUTAH DANIEL CHUKWUDI
Account
Number: 3139283609
Bank:
FIRST BANK
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
https://projectmaterialsng.blogspot.com.ng/
https://foreasyprojectmaterials.blogspot.com.ng/
https://mypostumes.blogspot.com.ng/
https://myeasymaterials.blogspot.com.ng/
https://eazyprojectsmaterial.blogspot.com.ng/
https://easzprojectmaterial.blogspot.com.ng/
Comments
Post a Comment