Growth And Development Of Small And Medium Scale Enterprises Through Salesmanship

Growth And Development Of Small And Medium Scale Enterprises Through Salesmanship

Background Of The Essay

The history of indigenous businesses in Nigeria has the history of small- scale enterprises. Independent businesses are far and wide and in line of work in our community.

numerous people want to come their own master someday. This thing serves as an incitement for millions to come business entrepreneurs most especially now that people have come to realize that it doesn’t pay important to work as civil menial. But rather suppose of operating businesses of their own.

In recent times in this country, government( civil and state) position have supported the crusade for individualities especially the jobless bones to come creative and bring to a halt the searching for a White Collar Jobs that aren’t available; rather people should engaged themselves in thinking of how to get themselves involved in doing one thing or the other on their own in order to produce employment for themselves and if possible employ other people.

Making this possible will matched the nation towards its long awaited artificial take off. It’s a agreement opinion that small †“ scale and medium size entrepreneur can help in re †“ shaping our profitable system.

still, a close look at the performance of small †“ scale businesses in Nigeria portrays a situation of neglect, apathy and general underdevelopment. This situation had seriously hampered the rapid-fire growth of this important sub sector of the frugality, pathetic situation could be attributed to a number of problems hindering the development of small †“ scale businesses similar as directorial problems, marketing problems, lack of high quality of workers and lack of quantitative data among others. The below- mentioned factors have hindered the development of small- scale business. The acute deficit of needed capital to meet the business functional conditions has cultivated has cultivated the shifting performance and its declining part in the development of nations frugality. The difficulties of small- scale businesses in carrying needed credit installations and kinds of credit issues has further complication the fiscal problem facing these diligence.

Ideal Of Essay

The points of this study are as follows-

To identify possible constraint facing the business with a view to chancing results.

To take over an ferocious disquisition on how the establishment of small- scale business could help in profitable development.

To critically examine how small scale business can be managed.

To submissively fulfilled the demand for the award of National Diploma in business studies( Department of Purchasing and Supply) College of Business and Management Studies.

Significant Of The Essay

The important of this study can not be over emphasized. In the course of this extended essay the following significance will be revealed.

Academic Significance At the end of this essay, it’s hoped and wished that the study will be of an enormous significance to other fellow pupil and the general public as a whole.

Policy Significance It’s inversely hoped that the essay will be of great backing to the government in making decision concerning profitable development.

Compass And Limitations Of Essay

The extended essay is each about the significance of small scale businesses in profitable development with a specific reference to the Nigeriaeconomy.Â

trouble on the course of these essay study were constraint by the following factors

Having little experience in writing these extended essay work is an handicap, hence, how to go about it for ideas was a big problem.

Seeing the administrator twice a week or occasionally only formerly a week was also a problem

Spending plutocrat in going about the process of writing the essay is a major problem.

Time was also not sufficient enough to gain all the applicable fact in respect of the essay.

still, all the limitation mentioned over were put away to conclude the extended essay study.

Description Of Key Terms

Development A Multi “ dimensional process involving re  “ association and re acquainting the entire profitable and social system. This involves, in addition the enhancement of income and affair, radical changes in institutional, social and presiding structure as well as in popular stations, customs and beliefs. In other words, it’s a process of change from one stage to another, which is a positive change.

Economic Development It’s a service handed by people in the proliferation of chops, capacity, freedom, creativity, tone- discipline, responsibility and material well being where poverty, severance and inequality have reduced extensively.

Economic Growth This is a quantitative increase over a country’s position of affair both goods and services at a particular period oftime. Â

Gross National Product The( GNP) is the sum total request value of all final goods and services produced in a country in one time.

Employment Using the services of some and pay in return a form of payment or pay envelope.

Entrepreneur One who initiates, establishes, organizes, maintains and expands profitable conditioning.

Deprecation This is the wearing or loss of quality of fixed means fromuse.Â

Industry A plant where raw accoutrements are used to manufacture usable and consumable goods.

Immorality This is the state of being reckless and extravagance the use of coffers.