This document discusses entrepreneurship and small scale enterprises in Nigeria. It defines entrepreneurship and entrepreneurs, explaining that entrepreneurs play a key role in any economy by bringing new ideas to market. It also defines and describes depressed economies. The document then focuses on small scale enterprises in Nigeria, outlining their contributions to economic growth, challenges they face, and government programs to support them. It concludes that small enterprises are essential for development by creating jobs and engaging the workforce, and calls for more government support of entrepreneurs.
THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT OF NIGERIANAJHSSR Journal
: Entrepreneurial industries was selected one from each Geo political zone in Nigeria with
population of 387 on the whole descriptive survey design was used and correlation coefficient was used in
determining the relationship between these variable and economic development in Nigeria. Entrepreneurship, all
over the world is acclaimed as a significant factor in economic development. Entrepreneurship does not only
increase per capital income it also increases factor utilization. It is also a veritable change agent of the structure
of business and society. As a change agent it acts as a catalyst for the generation of new ideas, products,
methods of production and the distribution of the products so produced. The jobs created, the new technologies
developed, the improved production method, the increase in output both in terms of quantity and quality are all
the ingredients for economic growth and development. The paper has explored the roles of entrepreneurship at
different sectors of the economy. In carrying out the research this paper is of the view that because of the
capacity of entrepreneurship to generate increased output, its ability to create jobs through formation of new
enterprises, to facilitate transfer of technology or adoption of technology, to invigorate large scale enterprises, to
harness resources, that might otherwise be latent and to stimulate growth in those sectors which supply it with
input; because it is able to encourage and sustain economic dynamism that enables a country to adjust
successfully in a rapidly changing global economy, entrepreneurial development is a sine qua non in the
development of any country especially, a developing country. Conclusion were made and the study
recommended that more job opportunity will be created policies strengthened, environment should be improved
for financing and investment welcomed.
Role of Women Entrepreneurship in Economic Developmentuma reur
Entrepreneurs initiate and sustain the process of economic development in the following ways:
1. Capital Formation:
2. Improvement in Per Capita Income:
3. Generation of Employment:
4. Balanced Regional Development:
5. Improvement in Living Standards:
6. Economic Independence:
7. Backward and Forward Linkages:
8. Innovation:
9. Other contributions:
THE ROLE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT OF NIGERIANAJHSSR Journal
: Entrepreneurial industries was selected one from each Geo political zone in Nigeria with
population of 387 on the whole descriptive survey design was used and correlation coefficient was used in
determining the relationship between these variable and economic development in Nigeria. Entrepreneurship, all
over the world is acclaimed as a significant factor in economic development. Entrepreneurship does not only
increase per capital income it also increases factor utilization. It is also a veritable change agent of the structure
of business and society. As a change agent it acts as a catalyst for the generation of new ideas, products,
methods of production and the distribution of the products so produced. The jobs created, the new technologies
developed, the improved production method, the increase in output both in terms of quantity and quality are all
the ingredients for economic growth and development. The paper has explored the roles of entrepreneurship at
different sectors of the economy. In carrying out the research this paper is of the view that because of the
capacity of entrepreneurship to generate increased output, its ability to create jobs through formation of new
enterprises, to facilitate transfer of technology or adoption of technology, to invigorate large scale enterprises, to
harness resources, that might otherwise be latent and to stimulate growth in those sectors which supply it with
input; because it is able to encourage and sustain economic dynamism that enables a country to adjust
successfully in a rapidly changing global economy, entrepreneurial development is a sine qua non in the
development of any country especially, a developing country. Conclusion were made and the study
recommended that more job opportunity will be created policies strengthened, environment should be improved
for financing and investment welcomed.
Role of Women Entrepreneurship in Economic Developmentuma reur
Entrepreneurs initiate and sustain the process of economic development in the following ways:
1. Capital Formation:
2. Improvement in Per Capita Income:
3. Generation of Employment:
4. Balanced Regional Development:
5. Improvement in Living Standards:
6. Economic Independence:
7. Backward and Forward Linkages:
8. Innovation:
9. Other contributions:
The Roles of Government And Banks in Entrepreneurship Financing in Nigeriascmsnoida5
The industrialization policy of most developed
and developing nations in the past laid emphasis
on economy of scale which is a concept that
emphasizescost effectiveness through large scale
production. This idea which holds the view that
large scale corporations were the pillar stone of
the modern economy prevailed for greater part
of the 20th century. In recent times, however,
this idea has changed and the importance of
small and medium scale enterprises- SMEs as
the bedrock of industrial development is gaining
prominence. Entrepreneurship development is a
concept concerned with the formation, financing,
growth and expansion of business enterprises
most especially small and medium scale in
an economy with the objective of achieving
economic growth and development.In Nigeria,
since independence, and since when the idea of
entrepreneurship development was introduced in
the 1970s and 1980s, various programmes and
policies were created by successive governments over the years for the development and financing
of enterprises to improve the economy. Also,
financial institutions, most especially the banks
have important roles to play in the development
and financing of entrepreneurship in the country.
Financing is one of the necessary prerequisites for
SMEs development; lack of finance represents a
major obstacle to their growth and development.
This write up will be an attempt to look into
the roles of both government and banks in
entrepreneurship development and financing in
achieving economic growth and development
in Nigeria. Relevant literature was reviewed
in the formulation of this write up. The main
source of informationused is secondary method
of data collection.The paper revealed that most
of the various programmes, policies and schemes
created by the government for the development
and financing of entrepreneurship were either
now moribund or have failed to meet up with
the purpose for which they were established. The
paper concludes that entrepreneurship is the need
of the day, therefore, authorities and the banks
should actively involve themselves in this task.
MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities.
Problems Of Funding Small And Medium Scale Enterprises In Nigeriaiosrjce
This paper examined the problems of funding small and medium scale enterprises in Nigeria. The
study identified the sources of finance, types of finance available to small scale enterprises and the various
financial challenges bedevilling the smooth operation of small and medium scale enterprises and suggested the
way forward. Observation and review of relevant documents were employed in carrying out the study. It was
discovered that though adequate finance is indispensable for the successful operation of small and medium
scale enterprises, government still needs to create a more conducive environment for small scale business to
thrive by streamlining business tax policies to eliminate extortion from small scale businesses.
Educational qualifications of entrepreneurs and performance in small and medi...ResearchWap
ABSTRACT
The study examined the effect of educational qualifications on entrepreneurs and performance of small and medium scale enterprises in Mainland Local Government Area of Lagos State, Nigeria. In this study, relevant and extensive literatures were reviewed under sub-headings. The descriptive research survey was used in the assessment of the opinions of the selected respondents with the adoption of the questionnaire and the sampling technique. A total of 100 (One Hundred) respondents were selected and used as samples for this study, the respondents were made up of (50 males and 50 females). A total of four null hypotheses were generated and used in this study using both the percentage frequency counts and the t-test statistical tools at 0.05 level of significance. At the end of the data analyses, the following results were generated: hypothesis one found that there is a significant effect of educational qualifications and performance of entrepreneurs in small and medium enterprises in Lagos State Nigeria, hypothesis two showed that there is a significant gender difference in the management of small and medium scale enterprises due to educational qualifications of the entrepreneurs in Lagos State while hypothesis three indicated that the effective management of small and medium scale enterprises significantly depend on the educational qualifications of the entrepreneurs in Lagos State, Nigeria and finally, hypothesis four revealed that there is a significant gender difference in the successful management of small and medium scale enterprises in Lagos State, Nigeria
a vast motivation.Leadeship that makes you win.Start up with your personal gear to know the power of you.the world may follow your ideas.not a single failure will defeat you.learn to live,live to succed.
ENTREPRENEURSHIP WHY AND HOW BY DR AMIT SAHAY MITTAL INSTITUTE OF TECHNOLOG...AMITSAHAY16
Entrepreneurship is doing something new for the purpose of creating wealth and adding value to the society
The capacity and willingness to undertake conception, organization and management of a productive venture with all attendant risks, while seeking profits as a reward is known as entrepreneurship.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
The Roles of Government And Banks in Entrepreneurship Financing in Nigeriascmsnoida5
The industrialization policy of most developed
and developing nations in the past laid emphasis
on economy of scale which is a concept that
emphasizescost effectiveness through large scale
production. This idea which holds the view that
large scale corporations were the pillar stone of
the modern economy prevailed for greater part
of the 20th century. In recent times, however,
this idea has changed and the importance of
small and medium scale enterprises- SMEs as
the bedrock of industrial development is gaining
prominence. Entrepreneurship development is a
concept concerned with the formation, financing,
growth and expansion of business enterprises
most especially small and medium scale in
an economy with the objective of achieving
economic growth and development.In Nigeria,
since independence, and since when the idea of
entrepreneurship development was introduced in
the 1970s and 1980s, various programmes and
policies were created by successive governments over the years for the development and financing
of enterprises to improve the economy. Also,
financial institutions, most especially the banks
have important roles to play in the development
and financing of entrepreneurship in the country.
Financing is one of the necessary prerequisites for
SMEs development; lack of finance represents a
major obstacle to their growth and development.
This write up will be an attempt to look into
the roles of both government and banks in
entrepreneurship development and financing in
achieving economic growth and development
in Nigeria. Relevant literature was reviewed
in the formulation of this write up. The main
source of informationused is secondary method
of data collection.The paper revealed that most
of the various programmes, policies and schemes
created by the government for the development
and financing of entrepreneurship were either
now moribund or have failed to meet up with
the purpose for which they were established. The
paper concludes that entrepreneurship is the need
of the day, therefore, authorities and the banks
should actively involve themselves in this task.
MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities.
Problems Of Funding Small And Medium Scale Enterprises In Nigeriaiosrjce
This paper examined the problems of funding small and medium scale enterprises in Nigeria. The
study identified the sources of finance, types of finance available to small scale enterprises and the various
financial challenges bedevilling the smooth operation of small and medium scale enterprises and suggested the
way forward. Observation and review of relevant documents were employed in carrying out the study. It was
discovered that though adequate finance is indispensable for the successful operation of small and medium
scale enterprises, government still needs to create a more conducive environment for small scale business to
thrive by streamlining business tax policies to eliminate extortion from small scale businesses.
Educational qualifications of entrepreneurs and performance in small and medi...ResearchWap
ABSTRACT
The study examined the effect of educational qualifications on entrepreneurs and performance of small and medium scale enterprises in Mainland Local Government Area of Lagos State, Nigeria. In this study, relevant and extensive literatures were reviewed under sub-headings. The descriptive research survey was used in the assessment of the opinions of the selected respondents with the adoption of the questionnaire and the sampling technique. A total of 100 (One Hundred) respondents were selected and used as samples for this study, the respondents were made up of (50 males and 50 females). A total of four null hypotheses were generated and used in this study using both the percentage frequency counts and the t-test statistical tools at 0.05 level of significance. At the end of the data analyses, the following results were generated: hypothesis one found that there is a significant effect of educational qualifications and performance of entrepreneurs in small and medium enterprises in Lagos State Nigeria, hypothesis two showed that there is a significant gender difference in the management of small and medium scale enterprises due to educational qualifications of the entrepreneurs in Lagos State while hypothesis three indicated that the effective management of small and medium scale enterprises significantly depend on the educational qualifications of the entrepreneurs in Lagos State, Nigeria and finally, hypothesis four revealed that there is a significant gender difference in the successful management of small and medium scale enterprises in Lagos State, Nigeria
a vast motivation.Leadeship that makes you win.Start up with your personal gear to know the power of you.the world may follow your ideas.not a single failure will defeat you.learn to live,live to succed.
ENTREPRENEURSHIP WHY AND HOW BY DR AMIT SAHAY MITTAL INSTITUTE OF TECHNOLOG...AMITSAHAY16
Entrepreneurship is doing something new for the purpose of creating wealth and adding value to the society
The capacity and willingness to undertake conception, organization and management of a productive venture with all attendant risks, while seeking profits as a reward is known as entrepreneurship.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
4. WHAT IS
ENTREPRENEURSHIP?
• “Entrepreneurship is living a few years of your
life like most people won't so you can spend the
rest of your life like most people cant.”
- WARREN G. TRACY
• An entrepreneur is an individual who creates
a new business, bearing most of the risks and
enjoying most of the rewards. The process of
setting up a business is known as
entrepreneurship. The entrepreneur is
commonly seen as an innovator, a source of
new ideas, goods, services, and business/or
procedures.
5. WHO IS AN
ENTREPRENEUR??
•An entrepreneur is an individual who creates a new
business, bearing most of the risks and enjoying most
of the rewards. The process of setting up a business is
known as entrepreneurship. The entrepreneur is
commonly seen as an innovator, a source of new ideas,
goods, services, and business/or procedures.
•Entrepreneurs play a key role in any economy, using
the skills and initiative necessary to anticipate needs
and bring good new ideas to market. Entrepreneurship
that proves to be successful in taking on the risks of
creating a startup is rewarded with profits, fame, and
continued growth opportunities. Entrepreneurship that
fails results in losses and less prevalence in the markets
for those involved.
6. Depressed
Economy
•There’s no formal definition of a depression, but
economists generally agree that it is a severe and
lengthy period of economic decline that impacts several
countries simultaneously.
•The Great Depression, for example, lasted more than
10 years, from the stock market crash on Oct. 24, 1929,
until 1941, when the U.S. entered World War II, when
millions of jobs were created to fulfill wartime needs.
•During a depression, the unemployment rate spikes
into double-digits and demand for consumer goods
collapses.
•Companies usually slow production or shut down
factories to compensate, and investment activity dries
up. As a result, GDP and other measures of economic
activity experience deep contractions. Recovery from a
depression can take years or decades.
7. A STUDY OF
THE NIGERIA
ASSOCIATION
OF SMALL
SCALE
INDUSREIES
(NASSI)OF
KWARA STATE
• As far as the development of the rural and urban areas in
Nigeria is concerned, the role of small scale enterprises
cannot be under-estimated.
• The small scale businesses have the potentiality to reduce
the rate of unemployment in Nigeria and thus to contribute
to the Gross Domestic Product (GDP) and economic growth
of the nation
• Due to the positive contribution of small scale businesses
to the economic development of the nation, there is the
increased need for the government to be seriously involved
in the support and encouragement of the small scale
ventures to enable them realize their full potentials to the
benefit of the whole nation.
• The development plan articulated the need for the
Nigerian economy to be self reliant through
industrialization, entrepreneurial development
employment generation and development
through increasing export trade.
8. WHAT IS A SMALL SCALE ENTERPRISE
Personal savings of the
owner forms the start-up
capital of the business
Low Initial capital
requirement
Simple technology
Low level of managerial
skills
Difficulty in accessing
external funds for
establishing and running the
business
9. Contribution of
the small scale
enterprises to
the growth and
development of
the Nigerian
economy:
• Increased output of goods and services for the generality of
the people of Nigeria.
• Helping to solve the daunting unemployment situation in
the country by the creation of jobs and employment of
large number of unskilled and semi-skilled people.
• The small scale enterprises, in a way, develop a pool of
skilled and semi-skilled manpower. Because people with
inadequate skills are engaged by the entrepreneur, they
have the opportunity to develop their skills for future
advanced functions in well-established industries.
• Data from the Federal Office of Statistics in Nigeria
confirmed that about 97% of the entire enterprises in the
country are small-scale enterprises and they employ an
average of 50% of the working population as well as
contributing about 50% of the country’s industrial output
Ariyo (1999) and Ihua (2009) averred that the small-scale
enterprises in Nigeria are not only catalysts of economic
growth and national development but are also the bedrock
of the nation.
10. PROGRAMS RUN BY NIGERIAN GOVERNMENT
TO PROMOTE BUDDING ENTERPRENEURS
SMALL AND MEDIUM
ENTERPRISE
DEVELOPMENT AGENCY
OF NIGERIA
YOUTH ENTERPRISE
WITH INNOVATION IN
NIGERIA
ESTABLISHMENT
OF ENTERPRENEURSHIP
DEVELOPMENT CENTRES
11. Challenges of Small Scale Enterprises in Nigeria
Financial
Challenge
Managerial
Challenge
Production
Challenge
Personnel
Challenge
Marketing
challenge
Challenge
Resulting
from Poor
Organization
of Work
Challenge
Resulting
from Poor
Organization
of Work
12. CONCLUSION
• Small scale enterprises are essential agents
of economic growth and national
development.
• they are able to engage large number of
applicants because they employ both
unskilled and semi-skilled individuals. .
• The presence of the small scale enterprises
and the provision of jobs to unemployed
people keep the idle mind busy thinking and
doing the job assigned to the individual.
• The Federal government of Nigeria needs to
encourage the establishment and running of
more small scale enterprises through the
provision of funds to entrepreneurs.
13. RECOMMENDATIONS
There is the need for the
Nigerian government to
put in place new policy
guidelines aimed at
making the acquisition of
funds easier for the
entrepreneurs of small
scale businesses.
The entrepreneurs of
small scale enterprises
must endeavour to
establish more businesses
in both the rural and
urban centres to provide
more goods and services
for the teeming
population of Nigeria.
Entrepreneurs should
aim as giving some basic
skills training to the
unskilled and semiskilled
people engaged to work
for them so that they can
contribute more
positively to the work of
the enterprise.