ABSTRACT
There have
been a lot of difficulties in determining the definition of small scale
business. To determine what a small scale business is we have to put into
consideration so many employees, asset values, sales volume, financial strength
number of locations, relative size and so on.
Some definitions of small scale
business have been put up as in the case of the industrial research unit if
Obafemi Awolowo university Ife, which states that is one whose capital assets
equipment plant and working capital are less than N250.000.00 and employing
power of not less than 50 full time workers
This study work toward how this small scale business can
source raw materials for their production and how some of their problem can be
solved. Small scale business are being
posed by a lot of problem like finance, social amenities, not belonging to
union of small scale business lack of planning .
This work studies how this problems will be solved and
suggest how people involved in small scale business can solve this problem and
more away of sourcing raw materials.
This study also made use a random sampling method in its
research where questionnaires were supplied and distributed to various
concerned firms.
TABLE OF
CONTENTS
Title page
Certification
Dedication
Acknowledgment.
Abstract
Table of content
CHAPETR ONE
0.1
INTRODUCTION
1.1
Background
1.2
Statement of
problem
1.3
Objective of study
1.4
Research question
1.5
Hypothesis formulation
1.6
Significance of the study
1.7
Scope of the study
1.8
Limitation
1.9
Definition of term
Chapter of reference
CHAPTER TWO
2.0
Literature review
2.1 Introduction
2.2 Purpose of
small- business
2.3
Types of raw- material
2.4
Basic requirement for effective business
2.5
Advantages of small business
2.6
Source of raw material and how to avoid failure in
business
Reference
CHAPTER THREE
RESEARCH DESIGN & METHODOLOY
3.0
Introduction of the study
3.1 research
design
3.2
Area of study.
3.3
Population of the study
3.4
Sample size determination
3.5
Instrument for
data collection
3.6
Variability of the instrument
3.7
Reliability of the instrument
3.8
Methods data collection
3.9
Method of data analysis
Chapter reference
CHAPTER FOUR
DATE PRESENTATION & ANALYSIS
4.1
Presentation & analysis of data
4.2
Testing of hypothesis
4.3
Summary of result
CHAPTER FIVE
DISCUSSION RECOMMENDATION AND CONCLUSION
5.1
Discussion of result finding
5.2
Conclusion
5.3
Recommendation
5.4
Suggestion for further study
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Industry has become the most dynamic sector in most
developing countries like Nigeria.
It would be an over statement to say that small scale
industries or business constitute the bulk of business establishment in most of
these developing countries. It is very
difficult to make a specific statement regarding the small scale business but
walking along the streets of major towns in any state of this country would
show that small scale business constitute at least 60% of the Nigeria
industrial activities. This follows that
the small scale business constitute a substantial portion of the gross domestic
product (G&P) as well as generate the foreign exchange earnings of Nigeria.
Nigeria
in the past times has placed much emphasis on capital intensive industries and tends
to neglect the small scale businesses which are more essential to the country
taking into consideration the countries human and natural resources as well as
capital availability.
Large-scale businesses have been so much over estimated
compared to the small scale business, because of the size. This indicates that
so much attention is being give to the large-scale business by the government
than the attention given to the small scale business which are indispensable to
the functioning of our economy.
It is scale business les on their potentials for creating
employment opportunities. The
encouragement of small scale business will help to eliminate the imbalance in
the rate of economic growth difference between the rural and urban areas and
this enhance integrated rural development.
The problem with
most entrepreneurs especially in Nigeria and in general is their
inability to recognize the need to give priority attention to the issue of
planning and control which are the essential ingredients in the management of
very business. Venture be it large or
small scale business.
In small scale manufacturing industries there are also
the problem of sourcing raw material, which are essential for the manufactures
of the products.
It is for this reason that we intend to look at the
subject matter under consideration with a view to identifying problems and
thereby suggest meaningful solutions to those problems.
1.2
STATEMENT OF THE PROBLEM
Any business whether small or large operating in any
socio- economic setting is bound to have problems. Small scale business however, have problem
peculiar to its size.
Studies have identified some of these problems as
follows, incompetent management, competition, country, state of economy, lack
of encouragement from the government finance high level of exchange rate, ban
on importation of raw material etc.
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 year.
1.3
OBJECTIVE OF THE STUDY
This study has objectives 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 solved.
iii)
To identify the effect of government legislation on
important and the effects of exchange rate has on the small scale business.
iv)
To identify the problems of planning and control as it
effects the management of small scale business and then to proffer solutions
that can help to bring about the availability of raw materials.
1.4
RESEARCH QUESTION
1)
Does small scale enterprise have due attention over the
year in terms of finance government policies and ban on importation of raw
materials from overseas countries?
2)
What factors hinder the growth of small scale
enterprises?
3)
Does finance constitute to the greatest problems of
small scale enterprises?
4)
How does your organization source for raw materials?
1.5
RESEARCH HYPOTHESIS
In order to sourcing raw material for small scale
business the following three hypotheses has been devised.
1) H0: The small scale enterprises has not been
given due attention over
The years in
terms of finance
H1: The small scale enterprises has been given
due attention over the Year
2) H0: Finance, marketing, manpower etc enterprises
3) H0: Finance does not been constitute the grates
problems of small
Scale
enterprises
H1: Finance of small-scale enterprises
1.6
SIGNIFIANCE OF THE STUDY
The significant of this study is to take a critical view
of the issues of sourcing raw materials, which is primary need of the small
scale business.
It is believed that this study will go a long way to out
lining and lighting the problems encountered by managers and prospective
entrepreneurs in order to minimize rate of business failure in Nigeria.
Furthermore, it is hoped that any manager who digs into
the finding of this study will not doubt be an effective manager.
1.7
SCOPE OF STUDY
The scope of this study is to identify how raw materials
are being sourced, the problem facing the sourcing of materials for small scale
business. To find out the general
problem of small scale business and how the problems should be solved.
The problem of planning and control as it effects the
management of small it effects the management of small scale business and then
to proffer solutions hat can help to bring about the availability of he raw
materials.
This study will no doubt come up with finding regarding
the problems of sourcing raw materials facing the entrepreneurs and prospective.
1.8
LIMITATION OF THE STUDY
Conducting an empirical research is not an easy task,
even for a compete research. This
research the sourcing raw material for small scale business was not an
exception to the usual constraints and others problems associated with similar
researchers in our society.
Environmental to problem vary from one place to another
depending on such factors as the temperament of the respondents, the nature of
the research, level of education of the respondent.
Despite the above fat is external to the researcher
personal. Such as limited time, limited resources, finance, inadequate data and
secrecy of certain records were encountered.
1.9
DEFINITION OF TERMS
i)
CAPITAL INTENSIVE:
Using more of capital than any
other factors of production
ii)
“PHYSICAL BARRIES
IMPOSSIBLE TO COROSSâ€
This is taken to means business
constraints
REFERENCE
A.K.SAHA: Problems
and prospects of small furniture business in
Nigeria
business journal No.18 1983
BERNARD HOLLOWOOD: The
small business and economic climate
National west minister- BAMIC
review February 1970
CHIOME.E.O: Causes
of business failure in Nigeria
“business timeâ€
September
1989,PG 12-13
OJEMBA G. AGBO: Small-scale
business management. First published
200
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