-
Effect Of Financing Small Scale Business In A Depressed Economy
[A CASE STUDY OF MIGHT INVESTMENT]
CHAPTER ONE -- [Total Page(s) 3]
Page 3 of 3
-
-
-
1.7 SCOPE AND LIMITATION OF THE STUDY
This study shall focus on
the operations small scale enterprises in Nigeria. The economic
potential of small scale enterprise shall also be explored as well as
their benefits examined.
The scope shall cover all the small scale
enterprise that is operating in Nigeria. However, the survey shall be
conducted in a selected area in kwara to include Ifelodun study lies in
the methodology to be adopted.
The empirical analysis would be base
on the opinion of the respondent which might have some result of
analysis may not be completely dependable.
Also direct the
relatively small effect of cloud seeding on top of this very large
natural variation with any degree and distribution of the use of
informal sources of finance for initial and improving lending.
1.8 PLAN OF THE STUDY
A key step in starting a new business enterprise is to preparing a business plan.
Business plan is a financial plan which given is reasonable forecast of expected cash flow a plan is also a statement of what is to be done in a future time period.
Plan always have alternative sets of assumptions as their inputs.
Planning processes should involve each operational unit but for the business plan as follow:
i. Worst case: plan would require making the worst possible assumption about the business as a whole as well as the mighty investment to be processed.
ii. Financial requirement: the plan will include a section on the financing arrangement that are necessary the plan should discuss profit policy and debit policy and the amount of financing.
iii. Asset requirement: plan will describe projected capital spending. In addition, it will discuss the proposed use of the net working capital (current asset, current liabilities).
iv. Sale forecast: all financial plan require a sale forecast, perfect sale forecast are not possible because sale depend on the uncertain future of the mighty investment.
v. Best case: this plan would require making the most optimistic assumption. It could reflect new product.
vi. Normal case: plan would require making most likely assumption about the business as well as it competitors.
CHAPTER ONE -- [Total Page(s) 3]
Page 3 of 3
-
