Source Of Raw Material For Small-scale Business In Nigeria
Abstract
There has been a lot of difficulties in determining the description of small scale business. To determine what a small scale business is we’ve to put into consideration so numerous workers, asset values, deals volume, fiscal strength number of locales, relative size and so on.
Some delineations of small scale business have been put up as in the case of the artificial exploration unit if Obafemi Awolowo university Ife, which states that’s one whose capital means outfit factory and working capital are lower than N250.000.00 and employing power of not lower than 50 full time workers
This study work toward how these small scale business can reference raw accoutrements for their product and how some of their problem can be answered. Small scale business are being posed by a lot of problem like finance, social amenties, not belonging to union of small scale business lack of planning.
This work studies how this problems will be answered and suggest how people involved in small scale business can break this problem and further down of sourcing raw accoutrements .
This study also made use a arbitrary slice system in its exploration where questionnaires were supplied and distributed to colorful concerned enterprises.
Chapter One
Preface
Background
Assiduity has come the most dynamic sector in utmost developing countries like Nigeria.
It would be an over statement to say that small scale diligence or business constitute the bulk of business establishment in utmost of these developing countries. It’s veritably delicate to make a specific statement regarding the small scale business but walking along the thoroughfares of major municipalities in any state of this country would show that small scale business constitute at least 60 of the Nigeria artificial conditioning. This follows that the small scale business constitute a substantial portion of the gross domestic product( G&P) as well as induce the foreign exchange earnings of Nigeria.
Nigeria in the once times has placed important emphasis on capital ferocious diligence and tend to neglect the small scale business which are more essential to the country taking into consideration the countries mortal and natural coffers as well as capital vacuity.
Large- scale business have been so much over estimated compared to the small scale business, because of the size. This indicates that so important attention is being give to the large- scale business by the government than the attention given to the small scale business which are necessary to the functioning of our frugality.
It’s scale business les on their capabilities for creating employment openings. The stimulant of small scale business will help to exclude the imbalance in the rate of profitable growth difference between the pastoral and civic areas and this enhance integrated pastoral development.
The problem with utmost entrepreneurs especially in Nigeria and in general is their incapability to fete the need to give precedence attention to the issue of planning and control which are the essential constituents in the operation of veritably business. Venture be it large or small scale business.
In small scale manufacturing diligence there are also the problem of sourcing raw material, which are essential for the manufactures of the products.
It’s for this reason that we intend to look at the subject matter under consideration with a view to relating problems and thereby suggest meaningful results to those problems.
Statement Of The Problem
Any business whether small or large operating in any socio- profitable setting is bound to have problems. Small scale business still, have problem peculiar to its size.
Studies have linked some of these problems as follows, unskillful operation, competition, country, state of frugality, lack of stimulant from the government finance high position of exchange rate, ban on importation of raw materialetc.
Any of these problem could lead directly to the failure of small scale businesses which has been put as comprising the bulk of new business every time.
Ideal Of The Study
This study has objects as follows.
i) To identify how raw material are been sourced
ii) To identify the general problems of small scale business and how the problem be answered.
iii) To identify the effect of government legislation on important and the goods of exchange rate has on the small scale business.
iv) To identify the problems of planning and control as it effects the operation of small scale business and also to proffer results that can help to bring about the vacuity of raw accoutrements .
Exploration Question
1) Does small scale enterprise have due attention over the time in terms of finance government programs and ban on importation of raw accoutrements from overseas countries?
2) What factors hamper the growth of small scale enterprises?
3) Does finance constitute to the topmost problems of small scale enterprises?
4) How does your association source for raw accoutrements ?
Exploration Thesis
In order to sourcing raw material for small scale business the following three thesis has been cooked .
1) H0 The small scale enterprises has not been given due attention over
The times in terms of finance
H1 The small scale enterprises has been given due attention over the Year
2) H0 Finance, marketing, force etc enterprises
3) H0 Finance doesn’t been constitute the grates problems of small
Scale enterprises
H1 Finance of small- scale enterprises
SIGNIFIANCE OF THE STUDY
The significant of this study is to take a critical view of the issues of sourcing raw accoutrements , which is primary need of the small scale business.
It’s believed that this study will go a long way to out lining and lighting the problems encountered by directors and prospective entrepreneurs in order to minimize rate of business failure in Nigeria.
likewise, it’s hoped that any director who digs into the finding of this study won’t misdoubt be an effective director.
Compass Of Study
The compass of this study is to identify how raw material are being sourced, the problem facing the sourcing of accoutrements for small scale business. To find out the general problem of small scale business and how the problems should be answered.
The problem of planning and control as it effects the operation of small it effects the operation of small scale business and also to proffer results chapeau can help to bring about the vacuity of he raw accoutrements .
This study will no doubt come up with finding regarding the problems of sourcing raw accoutrements facing the entrepreneurs and prospective.
Limitation Of The Study
Conducting an empirical exploration isn’t an easy task, indeed for a contend exploration. This exploration the sourcing raw material for small scale business wasn’t an exception to the usual constraints and others problems associated with analogous experimenters in our society.
Environmental to problem vary from one place to another depending on similar factors as the disposition of the repliers, the nature of the exploration, position of education of the replier.
Despite the below fat is external to the experimenter particular. similar as limited time, limited coffers, finance, shy data and secretiveness of certain records were encountered.
Description Of Terms
i) CAPITAL ferocious
Using further of capital than any other factors of product
ii) “ PHYSICAL BARRIES insolvable TO COROSS ”
This is taken to means business constraints
Reference
Problems and prospects of small cabinetwork business in
Nigeria business journalNo. 18 1983
BERNARD HOLLOWOOD The small business and profitable climate
National west minister- BAMIC review February 1970
Causes of business failure in Nigeria “ business time ”
September 1989, PG 12- 13
OJEMBAG. AGBO Small- scale business operation.
Leave a Comment