ABSTRACT
This research work looks at the Procedure and Problems of Setting up a Small Scale Business in Nigeria. This study reveals the numerous contribution of small scale business to our economic growth and political stability.
In the first chapter, the topic is introduced with the general background of small scale business in Nigeria also included is the significance of the study, scope, limitation and operational definition of terms.
The second chapter goes to discuss the literature review including the meaning, features, forms, merits and demerits, source of fund, difference between small and large business, problems of securing of fund and importance of small scale business in Nigeria.
Chapter three discuss about the research methodology, the area of the study, population, sample and sampling techniques and instruments used,
Chapter four discuss on presentation and analysis of data, findings and summary of findings.
Finally, chapter five discuss the summary, conclusion and Recommendation of the project topic procedures and problem of setting up a small scale business in Nigeria (A case study of the rural Areas).
TABLE OF CONTENTS
Title i
Certification ii
Dedication iii
Acknowledgement iv
Abstract vii
Table of Contents
Chapter One
1.1 Background of the study 1
1.2 Statement of Research problem 2
1.3 Aims and Objective of the Study 3
1.4 Significance of the Study 4
1.5 Scope of the Study 4
1.6 Limitation of the Study 5
1.7 Operational Definition of Terms 6
Chapter Two – Literature Review
2.1 Meaning of Small Scale Business 8
2.2 Features of Small Scale Business 8
2.3 Forms of Small Scale Business 9
2.4 Merit and Demerit of Small Scale Business 11
2.5 Sources of Funds to Small Scale Business 12
2.6 Distinction between Small Scale and Large Businesses 13
2.7 Problems of Sourcing for Funds in Small Scale Business 15
2.8 Importance of Small Scale Business in Nigeria 16
2.9 Problems of setting up Small Scale Business 18
Chapter Three
3.1 Research Methodology 26
3.2 Population of the Study 26
3.3 Sample and Sampling Techniques 26
3.4 Instrument for Data Collection 27
3.5 Validity of the Instrument 28
3.6 Administration of the Instrument 28
3.7 Method of Data Analysis 28
Chapter Four
4.1 Presentation and Analysis of Data 29
4.2 Summary of Findings 34
Chapter Five
5.1 Summary 35
5.2 Conclusion 36
5.3 Recommendations 37
References 39
Appendix 40
CHAPTER ONE
1.1 BACKGROUND OF THE STUDY
In recent years, the issues of mass unemployment particularly graduates unemployed has drawn the attention of both the state and federal government to the importance of small scale industries, not only as a means of creating job opportunities for the young school graduates, but also as a spring board for lunching the nation into an industrialized society.
It is however recognized that setting up and managing effectively and efficiently small scale enterprises involves a number of problems.
Therefore, if the aspirations of government and people in this direction are to be achieved, it is virtually considered necessary to identify these problems with a view to find solutions to them. It is in realization of this view that this study focuses on small scale business in Nigeria, with a view to determine what the problems are and how these problems can be solved.
1.2 STATEMENT OF RESEARCH PROBLEM
Despite the much effort by the state and federal government to improve the lot of the rural population through the establishment of small scale industries, it appears that these businesses have not made the necessary impact on the economics of the rural population in Nigeria.
The failure of this vital sector of the economy to achieve its stated goals, particularly in Nigeria, is assumed to be due to a number of factors, prominent among these are;
Capital shortage
Infrastructural deficiency
Lack of adequate accounting procedure
Poor marketing facilities
Poor or inadequate planning
It is therefore the proposition of this study, that giving adequate attention to the above problems, small scale businesses would be placed in their proper position to play a prominent role in the transformation of the Nigeria economy to a developed one. This study is therefore directed at evaluating this proposition.
