Enter your email to reset your password Or sign up using: Whether your brick and mortar sells out-of-the ordinary items or more traditional goods like furniture and apparel, your business plan should outline certain criteria that will illustrate how you plan to reach your financial goals. Your Research Starting a new business is exciting and it can be tempting to dive-in head first to get things up and running. But before you start, go undercover.
April 11, by articles 1 Comment The Roles of Small Scale Industry in Nigerian Economy The importance and advantage derived from the establishment of small-scale enterprises in a development country like ours.
Cannot be over emphasized. In the literature on small industry and business there seem to be general consensus that the major contribution of small business is the employment that if offered to a large proportion of the population. The craft and small enterprises sector employed and estimated number ofpersons while large scale enterprises employed an estimation number ofOmorodion in the industrial development process pointed out that that small-scale industry makes relatively strong contributions to employment generation, in developing countries.
Not only is the vast majority of the industrials laout force to be found in small and medium scale enterprise, but empirical evidence also shows these trends to use, particularly labour intensive technologies. Obaejie also recognizes the appointment of contribution of small-scale business in Nigeria As he puts it one of the factor that will determine the success or failure of the Nigeria economy will be the performance of small business.
It is therefore in the interest of the government employment increasing policy to have a vigorous an productive small scale business sector.
The government policy to make use of local raw material is being achieved through manly small-scale industries in Aba, Onitsha found that There is need for a direct like as it is offered by the small-scale industries.
Some authors described this link as establishing project and utilizing a conducive operation base between agricultural projects and utilizing local raw materials in small quantities.
Establishment of small scale industries make possible, the realization of government policy, thereby closing the gap between the rural and urban centers.
According to Okere small-scale industries helps in removing regional imbalance. They assist not only in eliminating the source of social and political conflict, but also in reducing the risk the few development center of the country. To buttress the afore-said assertion, made Nwogudo and Ohitl As a source for the emergency of new industry Providing essential sources of specialist supplement of most large firms.
They are generally ill equipped with poor technological know low most of the operations are natural or best crudely automated. Output is generally low. Hence the products are directed to the catchments area. Employees are often illiterate, unskilled and technically deficient. Policies regarding working conditions, are often more flexible an changeable.
There is generally for planning an innovation Quality control is often not always regarded as priority. According to Enugu The owner manager knows and it known by the employees and apprentice of the firm.
The firm has little or no accounting records. The labour force is dependent heavily upon apprentices labour low labour turnover They are many, but each of them is small in size and has a small inventible capital, scale of operation share of the market and number of people employed the size of the firm is small scale industries especially in development countries is that these industries are dominated by sole proprietorship This means that most of them are owned and operated by one men.
The source of fund of any business organization deeply depend on size of the business, nature of the business. Also, the magnitude of its activities. Sources of fund available got small-scale business could be traced to both the internal and external: It should be known that if profit in to reserves is not new language in business helps in re-enforcing the capital base at any business despite the advantage of retained profit, most small scale industries lists use their profit unwisely.
They prefer using it for non-profit yielding activities. This source is very cheap an convenient. Isusu This is a method of raising funds and capital among like-minded people of the same status whereby a specified amount of money is required to be paid oat a specified period through periodic contribution or co-operative society.
They servile as primary source. Development banks has been grater help.
This is financial misappropriation. This rascality does not augur well for profitability an debt service.A business plan is a roadmap for your small benjaminpohle.com is both process and product. During the writing of a farm business plan, you'll develop an overall vision and mission for your business.
A business plan is a roadmap for your small benjaminpohle.com is both process and product.
During the writing of a farm business plan, you'll develop an overall vision and mission for your business. This interior design business plan outlines the concept and implementation and details regarding the first three years of this venture.
Objectives Realise an average of $3, of sales each business month for the first year, $5, for . Search and browse our historical collection to find news, notices of births, marriages and deaths, sports, comics, and much more.
The Roles of Small Scale Industry in Nigerian Economy. The importance and advantage derived from the establishment of small-scale enterprises in a development country like ours.
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