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Effect Of Financing Small Scale Business In A Depressed Economy
[A CASE STUDY OF MIGHT INVESTMENT]
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1.4 SIGNIFICANCE OF THE STUDY
The project work will be of help to
the owner of small-scale business and managers even the intending
entrepreneur in their application of fund, it will also review the
ability of a owner of small-scale business with respect to the economy
and the available resources.
It is expected also to and the owners in
planning and controlling of fund in a depressed economy. Also is the
proper application of the available resources.
The study will also be
useful as a guide to government agencies and policy makers on
small-scale business in kwara state economy.
Finance particularly in
kwara state and also in depressed economy, the business available
sources of fund during economic depression, the role of entrepreneur of
small-scale business in economic depressed and kwara state as it
geographical scope of the study.
More so, the research work would
cover only four local government areas of the state as its population
scope because the researcher belief that those areas are areas where
business enterprises are well practice and managed. The areas are Offa,
Ilorin west Kwara state.
Also, every important, the research work
would cover certain which forms its industrial scope such as furniture
works, fashion designers, block industries and leather work.
Because of time and financial constraint, the research work is limited some local government areas in the state with little or more business oriented activities on which this research as based upon.
Another area of limitation is the finance open to a business. The sources of fund available to an industries, the impact of a depressed economy on the state business.
Regardless of the constraints, believe that in this research work, the deduction will be useful for generation.
1.5 RESEARCH QUESTION AND HYPOTHESIS
The research question, which would guide this study are as follows:
i. What factor hinder the growth of small scale enterprises during economic depression?
ii. To what extent has the government contributed to the promotion and growth of small scale enterprise in Nigeria.
iii. What are the economic potentials of small scale enterprises.
iv. How could the problem identified above be solved so that the growth of small scale enterprises could be enhanced in Nigeria.
STATEMENT OF HYPOTHESIS?
HYPOTHESIS I
Ho : That there is no relationship between economic depression and growth of small scale enterprises in Nigeria.
HYPOTHESIS II
Ha: That small scale enterprises are economically productive.
1.6 RESEARCH METHODOLOGY
The reliability and validity of any survey depend as upon a number of factors.
Among these, are the method used in gathering and analyzing information for the survey. In recognization of this, the method for this research are stated.
Two set of data collection would be used in the cause of this study. This are primary and secondary sources of data.
The primary data is a raw fact collected or gathered for the first time for the purpose of the study. The primary data are collected through the use of questionnaire and this would be design and said to the respondents.
The use of questionnaire would be supplement with personal interview with appropriate stratified sample selected business. Questionnaire to be used because of dispel areas to be covered.
The secondary data are data originally or collected for purpose other than solution to the research problems that is research problem other than one question.
The secondary data were obtained from text books, newspaper and business journals which discuss the subject matter would be consulted for information.
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