INVESTING IN SMALL SCALE BUSINESS

  • Type: Project
  • Department: Accounting
  • Project ID: ACC0049
  • Access Fee: ₦5,000 ($14)
  • Chapters: 3 Chapters
  • Pages: 24 Pages
  • Methodology: nil
  • Reference: YES
  • Format: Microsoft Word
  • Views: 2.1K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
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.

INVESTING IN SMALL SCALE BUSINESS
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC0049
  • Access Fee: ₦5,000 ($14)
  • Chapters: 3 Chapters
  • Pages: 24 Pages
  • Methodology: nil
  • Reference: YES
  • Format: Microsoft Word
  • Views: 2.1K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC0049
    Fee ₦5,000 ($14)
    Chapters 3 Chapters
    No of Pages 24 Pages
    Methodology nil
    Reference YES
    Format Microsoft Word

    Related Works

    ABSTRACT The study is a descriptive survey designed to examine financing of small scale business enterprises in Nigerian. A total of one hundred and forty respondents were selected from Warri South Local Government Area of Delta State to form a sample size. A test and retest method was used to determine the reliability of the questionnaire items.... Continue Reading
    ABSTRACT The study is a descriptive survey designed to examine financing of small scale business enterprises in Nigerian. A total of one hundred and forty respondents were selected from Warri South Local Government Area of Delta State to form a sample size. A test and retest method   was used to determine the reliability of the questionnaire... Continue Reading
    This research work examined the relevance of financial ratio analysis in the appraisal of small scale business with particular reference to Mr. Biggs fast food in cross river state. The study examined the establishing of the extent to which accounting ratio can be used to interpret accounting records of small scale business, finding and analysing... Continue Reading
    This research work examined the relevance of financial ratio analysis in the appraisal of small scale business with particular reference to Mr. Biggs fast food in cross river state. The study examined the establishing of the extent to which accounting ratio can be used to interpret accounting records of small scale business, finding and analysing... Continue Reading
    ABSTRACT The project is titled “strategies used in managing small business in Nigeria: a survey of selected small scale business in Enugu Metropolis”. The main objectives of study were to find out the best strategic use in managing small scale business with a view to achieving social- economic development. Specifically, the objectives are to... Continue Reading
    ABSTRACT The project is titled “strategies used in managing small business in Nigeria: a survey of selected small scale business in Enugu Metropolis”. The main objectives of study were to find out the best strategic use in managing small scale business with a view to achieving social- economic development. Specifically, the objectives are to... Continue Reading
     CHAPTER ONE 1.0INTRODUCTION 1.1BACKGROUND OF THE STUDY 1.2DEFINITION OF INFORMATION TECHNOLGY 1.3FUNTIONS OF INFORMATION TECHNOLOGY TO THE VERBATIM REPORTERS 1.4DEFINITION OF COMPUTER   1.5IMPORTANCE OF COMPUTER TO VERBATIM   REPORTERS 1.6STATEMENT OF THE PROBLEM 1.7OBJECTIVES OF THE STUDY 1.8 SIGNIFICANCE OF THE STUDY 1.9  RESEARCH... Continue Reading
    ABSTRACT mso-hansi-theme-font:major-latin'>Most of the existing research literature on accounting in Nigeria SMEs tends to be more biased toward the use of financial accounting techniques and methods by small business onwers, information technology adoption as well as research in credit accessibility for SMEs, more so only remote exists in regard... Continue Reading
    CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF THE STUDY 1.2 DEFINITION OF INFORMATION TECHNOLGY 1.3 FUNTIONS OF INFORMATION TECHNOLOGY TO THE VERBATIM REPORTERS 1.4 DEFINITION OF COMPUTER 1.5 IMPORTANCE OF COMPUTER TO VERBATIM REPORTERS 1.6 STATEMENT OF THE PROBLEM 1.7 OBJECTIVES OF THE STUDY 1.8 SIGNIFICANCE OF THE STUDY 1.9 RESEARCH... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us