CHAPTER ONE
1.0 INTRODUCTION
The small scale business of (Mr Christian provision stored) is located at Okigwe Road Owerri in Imo state. The small scale business was established on March 18th 2009 by Mr Christian Ibekwe .A. At present, the business has about (3) three employees.
(1) Sales lady
(2) Cashier
(3) An apprentis (boy)
This business performs some function which include
(1) Supplying to the final consumers
(2) Employment to people
According to (Mr Christian Ibekwe .A.) he further confirmed that these business of his has helped him in so many ways.
He started with the sum of N5,000 as capital but now he can boast of N500,000 (five hundred thousand naira) at present. He further advised the unemployed youths that is better to start as an entrepreneur than stay ideal “ An ideal man is the devil’s workshop”
1.1 BACKGROUND OF THE STUDY
Every organization be it private or public is established to meet some needs, while some are established for economic purpose, others for political or social needs.
Small scale business in no doubt is an important aspect of entrepreneurship.
It is to note that entrepreneurship in Nigeria is not a new course because it has gained ground over the years.
Small scale business are being credited with being responsible for the majority of innovations s much that small scale business has been called the innovations “ ENGINE OF THE ECONOMY” Small scale business varies, it varies in terms of time from one place to the other. However no matter the kind of definitions given for small scale business the criterias are usually:-
(1) Size of the employees
(2) Sales of capital invested
(3) Size of paid employees
(4) Combination of any of the above
(5) Any business that employees 50 below is regarded as a small- scale business.
Krectner (1995:62) Defines small scale business as a independently business owned and managed profit seeking enterprise with fewer than 100 employees.
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