The document discusses the factors influencing entrepreneurial activities, including individual capabilities, awareness, motivation, and resource availability. It also classifies businesses based on legal structures and outlines sources and conditions of business finance while highlighting challenges faced by small-scale enterprises, particularly for women, including regulatory barriers, gender hostility, and access to resources. Policies supporting small businesses encompass infrastructure, technological development, and financial incentives.

1. ENTREPRENEURIAL AWARENESS
Entrepreneurial activities are determined by:
a) An individual’s capabilities.
b) Awareness
c) motivational factors of individuals.
d) An individual’s competence in running a business.
e) Availability of resources.

2. TYPES OF BUSINESS CONCERNS
According to legal structures businesses can be classified as follows:
• Sole proprietor
• Partnership
• Private limited company
• Public limited company
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3. SOURCES OF BUSINESS FINANCE
Sources of business finance can be classified under the following
categories:
• Equity finance
• Debt finance
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4. FACTORS TO CONSIDER IN SELECTING SOURCES OF
BUSINESS FINANCE
• Amount of money required
• Purposes for the finance
• Cost of the money ( interest accrued )
• Necessity of the money ( start up costs, operating costs, expansion
costs )
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5. Conditions of borrowing
• Collateral/security
• Net earning power of the borrowing
• Capability of management of the business
• The long-range prospects of the business
• Repayment terms
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6. Types of collateral
• Endorsers
• Guarantors
• Real estates
• Savings accounts
• Life insurance
• Stocks and bonds.
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7. Policies governing small scale business
They are based on the following:
a) Infrastructure
b) Export / import incentives
c) Pricing policy
d) Credit facilities
e) Education
f) Technological development
g) Enabling environment
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8. Problems of starting of starting and operating
small scale enterprises
• They operate a highly regulated setting.
• Mostly are excluded from mainstream business activities.
• Licenses and permits take too long before they are given out.
• Poor extension of physical activities.
• Gender hostility problems
• The employment’s act restrictions.
• The inheritance laws
• Gender inequality.
• Poor quality products
• Competition
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9. • Licenses and permits take too long before they are given out and the
permits required are very many before one can start a business.
• Poor extension of physical activities. These include operations in
areas with poor roads, no telephone for easier network operations in
hot sun an as a result their performance is reduced e.g. mechanics
• Gender hostility problems. Those who are women are seen as women
and not as individuals working. Society is very hostile to them
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10. • The employment’s act restricts women in running business in their
homes and being hawkers.
• The inheritance law i.e. land is inherited by men only.
• . Women generally play multiple roles in the homes and this makes it
difficult for their participate in small enterprises
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11. • Traditional roles of them assuming the entire family responsibility for
childcare, responsible for providing food, water, fuel and general
maintenance of h
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12. • Land and property are frequently registered in the names of men.
• In banks, financial institutions, if women are to borrow money, they
are to get clearance from husbands, ye women are better borrowers-
particularly in loan repayments.
• Poor quality products of small-scale enterprises
• Competition from big companies
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13. END
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