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INVESTING
IN SMALL SCALE BUSINESS
TABLE OF CONTENT
CHAPTER ONE
1.0
Introduction
1.1 importance
of small-scale business
1.2
Objectives and theory
1.3
Significance of the
study
1.4
Scope and limitation of the study
1.5
Statement of
problem
1.6
Definition of
terms
CHAPTER TWO
2.0
Major problem facing small scale establishments
2.1 Sources of
finance for small-scale
industry
2.2
Instrument for data
collection
2.3
Method Of Data Collection
CHAPTER THREE
3.0
Summary of findings
3.1
Recommendations
3.2
Conclusion
References
CHAPTER ONE
INTRODUCTION
An
investment is the purchase of an assets expected to provide a return in future.
An individual or organizations willing to forego consumption now in the
expected that the return from investing will result in greater consumption
later.
Making prudent and
financially rewarding investment decision requires the acquisition of knowledge
about investment alternatives and the development of the skill needed to
evaluate these alternatives. With the myriad investment alternative available
in today’s complex economic environment, an investor most offer spend
considerable time learning about available investments.
Some of these factors
that guides a potential investor in making investment management decision
include possible growth of the investment, safely of the principal (amount of
the original investment) liquidity, income, ease of management, collateral
value and tax consideration.
The ultimate desire
of any investor is to earn the highest offer tax return possible for the risk
involved with the investment.
The first problem
that confronts a prospective investor is low to choose a viable project. His
dilemma is confounded when he has a series of projects to choose from, no
investor will select a project that would require foreign exchange to import
its components (machinery, equipment, raw materials) in a country with weak
foreign base, in other words its dependence on import has ruled it out of
selection.
Availability of raw
materials ease of production, which on investment and pay back period are other
factors that guide on influence on investor decision. Raw materials are
essential ingredients in the production process. In course of production, raw
materials undergo transformation and the quantity consumed varies with the
output. An investor should first and foremost identify the raw materials needed
for operations, their nature and sources of supply. Is it by imports? Or can
they be sourced locally or both?
Is there any
guarantee of regular supply of the needed quantity for the duration of the
project life?
1.1
IMPORTANCE OF SMALL SCALE INDUSTRIES
The importance of
small-scale industries in economic development of Nigeria cannot be under
estimated. Attention has drawn to the fact that small scale enterprise has
received very little attention whereas it provided employment approximately
triple the number engaged in large scale manufacturing as well as playing their
roles of crucial importance to our developing economy. A good essential
argument in development of small-scale industries is that it is one of the best
means of capital formation. Again, one of the most important contributions,
which the small industry could make to the national economy, is in the area of
manpower development. Now, it seems that government has sought to promote
small-scale industries as a strategy for self-reliant
industrialist.
All the financial
institutes of Nigeria should be made to participate in what should be declared
as an unavailable real crusade to some the country’s economy stagnation and the
evil effects of growth with development.
But then, the
decision to go into a business of your own may perhaps be one of the most
challenging decisions of your life.
This is so because it
may involves your taking full responsibility for your own future particularly
is respect of employment and income. Many individuals have difficulty bringing
their ideas to the market and creating new ventures.
1.2
OBJECTIVE AND THEORY
However, before one
amount all his or her resources to the new mission of his/her and turn the
venture idea into reality. One need to know himself more honestly and more
objectives than ever before.
The main objectives:
To assess the
profitability of investing in small-scale business. To determine the
availability of raw material used in setting up a small-scale business.
To make
recommendations.
1.3
SIGNIFICANCE OF THE STUDY
Today some people
over look reality and pursuing the shadow, apparently because of chart of lack
of research work on the profitability of the venture of any kind. Small-scale
business plays it role in economy such like generation of employment and
raising the standard of living of the people in which they tend to be labour
intensive for instance, using soap industry as an example. In soap making,
there are division of labour such as cutting, packaging, arranging, storing in
the warehouse.
The information
obtained from this study will provide appropriate base to the operation and
potential investor to enable them manage the business most efficiently for the
social and economic well being of Nigeria.
This study is
intended to provide a guide or an opportunity for any person who reads it to
appreciative what small scale industry is the expected problems a new entrant
may encounter and finally proffering possible solution of the problem,
acquaintance with all the issue to be raised with all things being equal,
ginger the enthusiasm of many peoples in this direction with the consequent
favorable chain affection the economy.
These limitations not
withstanding it is believed that the findings and conclusion reached would be
useful to any person longing to go into business on his/her own.
1.4
STATEMENT OF PROBLEM
In the light of
Nigeria government active crusade for self-reliance in all share of the
country’s economic pursuits, and in view the experiences some small-scale
business, I realized that, it could provide more employment opportunities to
the reaming unemployed citizen of the country.
The problem is that
so many people are in production but then how economically is it to produce
certain product in small scale. Those that already in the business, do they
really make profit on it, is it just to keep themselves busy. Is this really
viable?
1.5
DEFINITION OF TERM
a.
TERM PAPER
The term paper is an academic report,
which may have one of several objectives. In the field business it is
information, evaluating or argumentative from the exposition it is the most
limited in scope of all the various communication modes. Generally, the term
paper is based on a library investigation of some topic.
b.
FEASIBILITY STUDY
A feasibility study is a piece of job
an assignment or a task, the output of which is normally a report, setting not
the extent of viability of a proposed venture. In a normal situation,
feasibility study will address a particular product, services or a group of
related product or a group of related products or services. It and sold
or it may be how it can be manufactured and of course sold.
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