Home
Full Project – EFFECTS OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF NIGERIAN ECONOMY

Full Project – EFFECTS OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF NIGERIAN ECONOMY

Purchasing and Supply Chain Management Topic
WhatsApp or SMS: 07087083227
Click here to Get The Complete Research Project Chapter 1-5

Full Project – EFFECTS OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF NIGERIAN ECONOMY

Click here to Get this Complete Project Chapter 1-5

ABSTRACT

The main purpose of this study is to know the roles and efforts of Small Scale Business Enterprises in the Nigerian Economic Development. Every nation no matter the nature and rate of available human and material resources under its disposal can hardly attain growth and economic development if the small scale business sectors of such nature is neglected or not given adequate financial supports cum other incentives that makes for the survival of these business. Therefore, the study has tried to unfold the fundamental ways through which both the government and every other persons concerned should put hands together towards the encouragement and development of the small scale business which have been argued to provide not less than ninety percent (90%) of the available employment opportunities to any nation that knows the best way to optimally support these neglected sector of the economy. In view of this, the researcher have carried out a detailed survey on this subject with the use of questionnaire, oral interview and close look at the view of other scholars; which serve as immense help to this project. The result of the study was presented and analyzed using tables of the study, recommendations and conclusions were made, the APA style was used in the bibliography.

 

CHAPTER ONE

1.0 INTRODUCTION 

1.1 BACKGROUND TO THE STUDY

Most of the world renowned companies and organizations started as a small scale business with skills and efforts they grew up to the conglomerated and multinational companies of today. Small scale business occupies a unique position in the economy of any nature and they are the bedrock of any economic development. They constitute of the cornerstone of any competitive economy and by far outnumber the large scale business. Also, they provide large scale business, more fertile ground for creativity and entrepreneurship. Hence, as a result of easy entry into the market, small scale business spring up all the time keeping the competition environment lively, a phenomenon that leads to productivity gains and real economic growth, apart from the fact that they generate employment opportunities, they are closer to the grass root and so on, ginger rural development. They are less capital intensive and do not require gigantic infrastructure for their operation.

Being part of the economic system, small business entities are faced with numerous problems, particularly funding and many ways these are very different from the financial problems on large concern. However, the principles underlying financial decision are similar irrespective of the size of the business, hence, the basic goal so financial management through acquisition, anticipation and allocation of funds equally apply to small scale business. It is widely known in business circles that small scale business find it difficult to secure funds from financial institutions due to the fact that they have difficulty in meeting the collateral requirement that would qualify them for the financial assistance from the back. This is not withstanding every business whether small or large needs funds. Funds constitutes the life blood of any business while other things follows.

Small scale business serves as an engine room for economic development and government recognize the fact that small business is the second largest employers of labour apart from government. Government is also encouraging the establishment of small scale business by forming such bodies like Small and Medium Enterprises (SME). Government has also provided monetary incentive for small scale industries. As stated earlier, small scale industries play very important roles in the economic development of any country, state or local government. For instance, in any depressed unemployment is the increase, where the available resources are under-utilized and where raw-material supply to our big industries is inadequate, establishment of small scale business is considered as an alternative means of earning a living and providing raw-materials to our big industries.

BRIEF HISTORY OF RENNY’S FAST FOOD 

Renny’s Fast Food started as a restaurant in the late 90s. It is owned and managed by Mrs. Ngozi Obiaga as a hospitality industry, being a service provider, it is aimed as providing quality service to its targeted customers. It offers an indoor and outdoor catering services like; weddings, birthdays, chieftaincy coronation etc. Its cooperate headquarter branch is situated at No. 45 Ekwema Crecent Ikenegbu Owerri, Imo State.Presently, Renny’s Fast Food has a staff capacity of about 65 and has some branches within and outside the state like Port Harcourt and Bayelsa States.

1.2 STATEMENT OF PROBLEM

There is no doubt that small and medium scale enterprises is the principal catalyst of entrepreneurship and it constitute the real fabric of nation’s economy. And to say that the present and future economic advancement of this out great country- Nigeria lies in the dynamics and growth of the Small and Medium Scale (SME) is not an overstatement. At least, this is the unanimous opinion of an economic conference at the instance of the three bodies; Nigeria Institute of Social and Economic Research (NISER), the national Association of Industries (NASSI) and the Fredrick Albert Foundation in Lagos in 1989. In other words, SMEs constitute a vital force to economic growth and development (Onuoha 1994:1). Economic development is a nation wise problem which the small scale industries are capable of solving effectively these include:

1. Development of raw materials

2. Sourcing of raw materials

3. Providing training places for workers and students on industrial attachment.

4. Problems of capital for large establishment

5. Problems of unemployment

6. Under-utilization of scare resources

7. Lack of linkage effect among several factors in the economy

8. Lack of provision of import substitution goods.

In the light of the above mentioned problems, the fact that small scale business are vital for economic development of any country, state or local government and numerous problems which small scale business are capable of solving motivated me to research or write on this topic.

1.3 OBJECTIVES OF THE STUDY 

The purpose of this study is to evaluate the role of small scale business in the economic development with particular reference of Renny’s Fast Food, with the view of achieving the following aims and objectives.

1. Determine the roles which the small scale business have played in economic development.

2. Determine the problems small scale business like Renny’s Fast Food are facing.

3. To identify how to solve those problems.

4. To suggest the future prospect of small business in economic development.

5. To establish linkage between small scale business and the economic development of the state in particular and the national in Diaspora.

1.4 RESEARCH QUESTIONS

The role of small scale business in the economic development of any country needs not to be over emphasized. Small scale businesses are therefore necessary for economic development of any country, state or local government.

Based on the above, a number of research questions as an aid to this study are developed thus:

1. Has small scale business helped the nature in its unemployment problems?

2. Has small service outlets like the Renny’s Fast food played any role in the economic development of the state?

3. Has small scale business played any role in the entrepreneurship development?

4. Has the government done anything to encourage the establishment of small scale business?

5. Do you think this country can do without the existence of the small scale business enterprise?

1.5 SIGNIFICANCE OF THE STUDY 

This study is very beneficial to groups of people such as:

1. The small scale entrepreneur as it will help them to know how to solve the economic problems.

2. Student of business studies of higher institutions of learning as this will serve as reference work and guide for further research work.

3. The state government as this will enable them to know the roles in which the small business played in the development of the state.

4. The state government will through this study know the problems facing the small scale business and the suggested solutions.

1.6 SCOPE OF THE STUDY 

This study is directed to find out the roles in which small scale business has played in the economic development of this study. The study is only focused on the small outlet business like Renny’s Fast food which is situated at Owerri Imo State. This study is expected to cover and serve as a guide in the evaluation of the role played by the small and medium scale business as regards the economic development of a nation, state and even local government.

1.7 LIMITATION OF THE STUDY

While carrying out this research, the researcher encountered lots of nagging problems which affected the progress of the work. Below are some of the problems encountered during the conducting of this research exercise: – Short period of time: The study was greatly hampered by the short period of time mapped out by the school management for the executive and completion of the exercise. This is not withstanding the ambition of combing the researcher’s academic works like lectures together with this work and must to establish equilibrium.  – Nonchalant attitude of the respondents: Another limitation in the course of carrying out this study was the laziness and nonchalant attitude of the respondents towards the completion of their designed questionnaire. – Inadequate materials and tools: Lack of literatures, journals and magazines in the polytechnic and other consulted libraries was a constraint to this study though it does not limit the findings of the study because the researcher later find his head above the sea level of the wave.

1.8 DEFINITION OF TERMS 

Small scale business: This is a type of business that is owned by one or few persons with direct owner influence in the decision making and having a relatively small share of the market and low capital requirement.

Entrepreneur: This is an individual who notices opportunities and take action to mobile necessary resources to produce new improved goods in the environment for a targeted market.

Capital: This is the amount of money required to carry out a particular venture and pay all the financial obligation of the business.

Development: This is the process or the ability to make something to be advance or organize for the benefit of all sundry.

Intrapreneur: According to Gilfford Pinchot 919985) intrapreneur is defined as an entrepreneur within an already established organization.

Business failure: Baumbark (1992:31) defined business failure as a situation where available capital is insufficient to pay all obligations of the business.

Innovation: According to Inegberebor (1989), innovation involves creative response to an investment opportunity by developing a new product, new technology or modification of the existing ones to meet the expectations of the consuming public.

Motivation: Stephen P. Robbins (2010), defines motivation as the willingness to exert high levels of effort toward organizational goals, conditioned by the effort and ability to satisfy some individual need.

Marketing: Kolter (1980:9) defines marketing as getting the right goods and service to the right people at the place at the right time at the price with right communication and promotion.

Management: According to Fedrick Winslow Taylor (1947) Management is knowing exactly what you want men to do and then their seeing that they do it in the best and cheapest way.

Directing: According to Joseph Massie (1994) Directing concerns the total manner in which a manager influences the action of his subordinates. It is the final action of manager in getting others to act after all preparations have been completed.

Controlling: Haiman (1985) defined controlling as the process of checking to determine whether or not, proper progress is being made towards the objective and goals and acting if necessary to correct any deviation.

Leadership: According to Mcshare (2009), leadership is the process of motivating, influencing and directly others in the organization to work productively in pursuit of organization goals.

Environment: Kazmi (2002) described the environment as the aggregate of all conditions, events and influences that surrounds and affect it.

 

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for International clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

 

You can also check other Research Project here:

  1. Accounting Research Project
  2. Adult Education
  3. Agricultural Science
  4. Banking & Finance
  5. Biblical Theology & CRS
  6. Biblical Theology and CRS
  7. Biology Education
  8. Business Administration
  9. Computer Engineering Project
  10. Computer Science 2
  11. Criminology Research Project
  12. Early Childhood Education
  13. Economic Education
  14. Education Research Project
  15. Educational Administration and Planning Research Project
  16. English
  17. English Education
  18. Entrepreneurship
  19. Environmental Sciences Research Project
  20. Guidance and Counselling Research Project
  21. History Education
  22. Human Kinetics and Health Education
  23. Management
  24. Maritime and Transportation
  25. Marketing
  26. Marketing Research Project 2
  27. Mass Communication
  28. Mathematics Education
  29. Medical Biochemistry Project
  30. Organizational Behaviour
  31. Other Projects
  32. Political Science
  33. Psychology
  34. Public Administration
  35. Public Health Research Project
  36. More Research Project
  37. Transportation Management
  38. Nursing

Education

 

 

 

Need a Project Writer for a Different Topic

Full Project – EFFECTS OF SMALL SCALE BUSINESS IN THE DEVELOPMENT OF NIGERIAN ECONOMY

Click here to Get The Complete Research Project Chapter 1-5


RESEARCH PROJECT CONTENTS
CHAPTER ONE - INTRODUCTION
1.1 Background of the study
1.2 Statement of problem
1.3 Objective of the study
1.4 Research Hypotheses
1.5 Significance of the study
1.6 Scope and limitation of the study
1.7 Definition of terms
1.8 Organization of the study
CHAPETR TWO – LITERATURE REVIEW
2.1. Introduction
2.2. Conceptual Framework
2.3. Theoretical Framework
2.4 Empirical Review
CHAPETR THREE - RESEARCH METHODOLOGY
3.1 Research Design
3.2 Study Area
3.3 Population of the Study
3.4 Sample Size and Sampling Technique
3.5 Instrument for Data Collection
3.6 Validity of the Instrument
3.7 Reliability of the Instrument
3.8 Method of Data Collection
3.9 Method of Data Analysis
3.9 Method of Data Analysis
3.10 Ethical Considerations
CHAPTER FOUR - DATA PRESENTATION AND ANALYSIS
4.1. Introduction
4.2 Demographic Profiles of Respondents
4.2 Research Questions
4.3. Testing of Research Hypothesis
4.4 Discussion of Findings
CHAPTER FIVE – SUMMARY, CONCLUSION & RECOMMENDATIONS
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendation
REFERENCES
APPENDIX


Frequently Asked Questions | PenViewWriting.com

Frequently Asked Questions

How do I get my choice complete project on any topic?
To get your choice of complete project on any topic, simply click on the Download button above. Once you do that, follow the simple procedure stated on the page to complete the process. The steps are easy and straightforward, ensuring you can quickly access the full project without stress. You may be required to provide some basic details or confirm your selection before the download begins. After completing the procedure, the project will be available for you to save on your device. This method guarantees you receive the exact project topic you want in a complete, ready-to-use format.
I have a fresh topic that is not on your website. How do I go about it?
If you have a fresh topic that is not listed on our website, don’t worry—you can still get a complete and well-prepared research project. All you need to do is chat with us directly on WhatsApp or contact our Instant Help Desk. Once you share the details of your topic, our team of experts will guide you through the process and provide a custom-written research project tailored specifically to your requirements. This ensures that even if your topic is new, unique, or uncommon, you will still receive a high-quality, original project that meets your academic needs.
How fast can I get this complete project on any project topic?
You can get your complete project very quickly, depending on your needs. If you want this exact project topic without any adjustments or modifications, it will be ready for you to download within 15 minutes. The process is fast, simple, and convenient, ensuring you don’t waste time waiting. However, if you require some changes, customization, or a fresh project written from scratch, the delivery time may take a little longer, depending on the scope of work involved. Either way, we are committed to ensuring you get your complete project promptly to meet your academic deadlines.
Is it a complete research project or just materials?
It is a Complete Research Project, not just research materials or excerpts. This means you will receive everything you need in a standard academic project format. Specifically, the package includes Chapters 1 to 5, a well-written Abstract, a detailed Table of Contents, complete References, and where applicable, Questionnaires or Secondary Data. Each section is carefully structured to meet academic requirements, making it suitable for submission or further customization. So, when you download, you’re not just getting scattered notes but a fully developed research project that is ready for use, study, or adaptation to your specific academic needs.
What if I want to change the case study for this topic?
If you would like to change the case study for this topic, it’s very easy. Simply chat with our Instant Help Desk now via +234 708 7083 227, and you will get an immediate response. Our team will assist you in modifying the project to reflect the new case study of your choice. This ensures the content remains relevant and tailored to your academic requirements. Whether you want to switch to a different organization, location, or sample population, our experts will make the necessary adjustments promptly, so you still receive a complete and well-structured research project without any hassle.
How will I get my complete project?
Your Complete Project Material will be delivered directly to your email address for easy access and use. The file will be sent in Microsoft Word document format (MS Word), which allows you to easily read, edit, and customize the content to suit your specific requirements. This format is widely accepted for academic work and ensures you can make adjustments such as changing the case study, updating references, or adding personal inputs if needed. Once the project is sent, you can download it to your device immediately and begin working with it without any extra steps or complications.
Can I get my Complete Project through WhatsApp?
Yes! You can also receive your Complete Research Project directly through your WhatsApp number for convenience. Once your project is ready, we can send the full material in MS Word format straight to your WhatsApp, making it quick and easy for you to download and access on your phone or computer. This option is especially helpful if you prefer instant delivery, faster communication, or easier access on mobile devices. Whether through email or WhatsApp, you will still get the same complete project—including all chapters, abstract, references, and questionnaires where applicable—delivered securely and without delay.
What if my Project Supervisor made some changes to a topic I picked from your website?
If your project supervisor has made some changes to the topic you picked from our website, there is no need to worry. Simply call our Instant Help Desk now on +234 708 7083 227, and you will get an immediate response. Our team will assist you in adjusting the project to reflect your supervisor’s corrections or modifications. Whether it involves rephrasing the topic, changing the case study, or adding specific requirements, we will make the necessary updates quickly. This ensures your project aligns perfectly with your supervisor’s expectations while still maintaining a complete, high-quality research structure.
Do you assist students with Assignment and Project Proposal?
Yes! We also assist students with Assignments and Project Proposals in addition to complete research projects. If you need help with writing, structuring, or editing your proposal or assignment, our team is ready to guide you and provide the necessary materials. Simply call our Instant Help Desk now on +234 708 7083 227, and you will be attended to immediately. We provide professional support to ensure your work meets academic standards, whether it’s a proposal for approval, a class assignment, or a full project. This way, you can save time, reduce stress, and achieve excellent results.
What if I do not have any project topic idea at all?
Smiles! 😊 We’ve totally got you covered if you don’t have any project topic idea at all. Our team specializes in helping students brainstorm and select suitable topics that align with their field of study, interests, and academic requirements. All you need to do is chat with us on WhatsApp now via +234 708 7083 227 to get instant help. We will provide you with a list of well-researched, relevant, and trending project topics to choose from. Once you make your choice, we’ll guide you through the next steps, ensuring you get a complete project tailored just for you.
How can I trust this site?
You can trust this site because we are genuine and duly registered with the Corporate Affairs Commission (CAC), which gives you confidence that we are a recognized and legitimate business. In addition, our platform is protected with Secure Sockets Layer (SSL) encryption, meaning all your personal details, communications, and financial transactions are highly secure and safe from unauthorized access. Over the years, we have successfully assisted thousands of students with research projects, proposals, and assignments, building a solid track record of reliability. With these measures in place, you can be assured of our credibility, professionalism, and commitment to your academic success.
Customer Testimonials | Https://researchprojecttopics.com.ng

Our Customers are Happy

Ademola A.

★★★★★

I was skeptical at first, but after placing my order, my full project arrived in my email in under 15 minutes! The process was smooth, clear, and professional. Truly amazing service!

Kwabena K.

★★★★★

I needed a custom project on a new topic. researchprojecttopics.com.ng delivered within 3 days, and the quality was outstanding. They even guided me on how to defend it. Highly recommend!

Michael H.

★★★★★

Fast, reliable, and very professional. My research project was delivered on time, with no hidden charges. The team is trustworthy and supportive.

Fatou B.

★★★★★

I got my full project in minutes and my custom request within 3 days. Their communication is clear, and the material is top-notch. Excellent experience!

James O.

★★★★★

https://researchprojecttopics.com.ng is a lifesaver! My project was delivered exactly as requested. The team is friendly, professional, and highly responsive. Very satisfied!

Ngozi E.

★★★★★

I was worried about paying online, but the team reassured me and delivered my complete project instantly. Transparent and professional service!

Ama S.

★★★★★

I requested a custom topic project and received it in just 3 days. The guidance and quality were excellent. I recommend Https://researchprojecttopics.com.ng to everyone!

Sarah W.

★★★★★

The service is dependable and efficient. My project arrived on time, and every step was transparent. Truly a professional service I trust.

Emmanuel T.

★★★★★

Fast and reliable. My full project was delivered in minutes, and the custom project in 3 days. Communication was excellent throughout.

Aisha N.

★★★★★

Extremely satisfied with the service. My project was delivered promptly, fully transparent, and of high quality. A trustworthy academic partner!

Related Posts