PROBLEMS OF MANAGEMENT OF SMALL SCALE BUSINESS A CASE STUDY OF FARMERS IN UDI LOCAL GOVERNMENT AREA OF ENUGU STATE)

TABLE OF CONTENT

Cover page ………………………………………………………………i

Certification……………………………………………………………..ii

Dedication………………………………………………………………iii

Acknowledgement………………………………………………………iv

Abstract………………………………………………………………….v

CHAPTER ONE

• Introduction………………………………………………………….1

1.1     Background of the study………………………………………….1-2

1.2     Statement of problem……………………………………………….2

1.3     Purpose of study…………………………………………………….2

4.1     Importance of the study……………………………………………..3

1.5     Scope and delimitation of the study…………………………………4

1.6     Working hypothesis…………………………………………………..4

1.7     Definition of terms…………………………………………………..4-6

CHAPTER TWO

2.0     Review of literature……………………………………………………7

2.1     Definition of small scale industries…………………………………..7

2.3     Qualities of successful entrepreneur……………………………….7-8

2.4     Obstacles to the rapid growth of small scale industries…………….8-9

2.5     How government promote small businesses………………………9-10

2.6     Strategy: concept and adaptation to small scale businesses….….11-12

2.7     Threats and opportunities in the farm industry in Nigeria……….13-15

References……………………………………………………..……15

CHAPTER THREE

Research design and methodology…………………………………………16

3.1     Introduction…………………………………………………………..16

3.2     Description of respondents…………………………..………………16

3.2.1  Sample size……………………………………………………….16-17

3.3     Method of sample selection…………………………………………..18

3.4     Sources of data………………………………………………………18

3.5     Procedure in gathering data………………………………………18-19

• Instrument validity…………………………………………………..19

3.5.2 Instrument reliability………………………………………………..19

3.6     Method of data collection………………………………………..19-20

3.7     Method of data analysis……………………………………………..20

References…………………………………………………………..20

CHAPTER FIVE

FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1     Summary of findings……………………………………………41-42

5.2     Conclusion……………………………………………………….42-43

5.3     Recommendation………..………………………………………….44

References…………………………………………………………..45

Appendix……………………………………………………………47

Appendix……………………………………………………..….48-49

CHAPTER ONE

• INTRODUCTION

1.1     BACKGROUND OF THE STUDY

Histories of various developed countries have shown that industrial revolution had been the main cause for their economic survival. Their great financial strength have come principally through the acquisition of industrial and technological power.

Without exception, all big industrial organization be they multi – national or indigenous, started in a small outfits. Small scale industrial set – ups abound, but most of them are buying and selling outfits. Considering the economic situation in the country, the entrepreneurs in the state, now more than ever need to branch out into some other areas outside buying and selling.

The Nigerian economy in the last two decades has passed through various stages. From the oil boom era of the seventies to the period of wasteful spending and painlessness of the early eighties and the present economic down turn.

One must appreciate the fact that the survival of the sole proprietor in the Nigerian economy today would depend of his initiative, drive and quick adaptation to the environment.

A greater percentage of the people are engaged in Agriculture while others are engaged in trading as well as traditional and industrial activities such as pot moulding, basket and mat weaving, hair dressing. Others are block moulding, Farm, poultry, soap making, food processing e.t.c. Most of those activities are small scale establishments and sole proprietorship and partnership oriented.

A good number of people have shown their concern over the development of Udi local government area and Enugu state in general. People like Engr. Roy Umenyi who had carried a study of this nature, discovered a lot of bottle – necks in the development of the local government in question. Such studies also revealed that answers to poor development of the area could be found largely on the insufficient investment in industrial activities. This has struck the mind of the project writer to carry out a research into the problems militating against the establishment and development of small scale industries in Udi local government area.

1.2     STATEMENT OF PROBLEM

Industrialization has been identified as a basic tool for rural development. Thus, this study title “Accounting and management problems of small scale industries in Enugu State (a case study of small scale industries in Udi local government area, attempts to determine why:

–        There are only few small scale industries in Udi local government area.

• The few industries existing are not prospering
• There is a high rate of infant mortality of small scale industries in the area.
• What scares the investors from making investment in small scale industries in the area under review.

1.3     PURPOSE OF STUDY

The main purpose of this study are:-

1. To find out why there are only few small scale industries in Udi local government area.
2. To determine the major problems confronting small scale industrialists in Enugu state and Udi local government area in particular.

• To determine the extent to which poor financial records has hindered the multiplication and prosperity of small scale industries in the area.

1. To determine the extent to which poor finance has hindered the multiplication and prosperity of small scale industries in the area
2. To find out what roles the government and the financial institution should play towards alleviating the sufferings of small scale industrialists in Udi local government area.

4.1     IMPORTANCE OF THE STUDY

It is felt that this study would be of immense benefits to a number of individuals and firms in the following ways:

1. This study is going to provide its numerous readers a clear insight into the problems militating against the establishment and development of small scale industries in Enugu state especially in the rural areas.
2. It would equally provide a basis for further studies into other aspects of problems of industrialization in the country.

• Finally it is also viewed that this study would be of significance to the planning authorities since it would provide them with the necessary information needed in articulation of economic activities.

PROBLEMS OF MANAGEMENT OF SMALL SCALE BUSINESS A CASE STUDY OF FARMERS IN UDI LOCAL GOVERNMENT AREA OF ENUGU STATE)