INTRODUCTION
1.1 Background of the Study:
Many
advanced countries of the world that have attained or are attaining the
peak of their industrial development and economic growth began with
business centers.
Technology has evolved the functions of the office
to rely on different types of improved and standardized equipment. It
has also devised varied stages and concepts for effective communication
within and outside the organization. It enables the host of system,
equipment and materials essentially computer-based to achieve the set
goals of an organization in relation to the function of office such as
obtaining storing processing and distribution of information.
Business
centers serve as centers of information, such centers take in, process,
store and relay data and messages in different situation such as
financing, marketing, building, manufacturing, servicing or advising so
as to enable the different types of people tom function in their jobs.
Some
time ago, this set ups were neglected in our economic sectors. But in
recent times, due to unemployment trend in our country, business centers
have started to grow in all aspects of our economy.
According to
Omordion (1970), “it is dominated that the industrial sector in most
countries in terms of the number and employment. There simply can be no
doubt whatsoever that the business centers constitute the real fabric of
the nation’s economy.
Government of most nations particularly in the
development countries have started recognizing this new shift with
great enthusiasm as against their former policies of capital intensive.
It
is in recognition of this positive bearing of business centers in
national development that Nigerian governments both federal, state and
local are now mounting series of programmes designed to sensitize and
stimulate the people into appreciating the impact of business centers in
out national economy, going through the positive effects which
increased activity of business centers could have on the national
economy, it will be clear that it is mostly for national policy which
encourage establishment of business centers and through this enterprises
the nation realize long run betterment of hr balance of payment
position.
Starting of one-man business is venturing into the known, which if fraught with many problems.
In realization of this obvious fat and the importance of this category of
business to our national economic growth, the study therefore studies some of
the peculiar factors hindering industrialization Enugu state n terms of business
centers.
1.2 STATEMENT OF PROBLEM
Being a paid employee now in the country is a very risky business
because
country is a very risky business because of the state of the Nigeria
economic which is not stable. This has motivated both government
(Federal, stage, and local governments.) as well as individuals to focus
their interest on business centers development. At least, it will solve
the problem of unemployment for the owner and create some employment
opportunities for others.
But to their dismay, the venture, which
they thought to be a profit one seem not to break even probably because
of lack of financial and administrative acumen.
Oshogbemi, (1979)
maintained that the enthusiasm not-with-standing, only very few
individuals succeed in establishing their own business centers. This
shows that the dynamics role of business centers in our national
economic progress and the motivation of entrepreneurs are not being
realized.
Realizing the prospects of business centre development to
any developing nation such as ours, the fundamental quest that arises is
how can the dynamic role of this sub-sector be more effectively and
economically enhance?
It is therefore important to create serious
awareness among the people with more emphasis on business centers as
best alternative trade.
Most importantly, there is need to find the
possible fctors militing against the sectors developments, thus the need
for research on this subject as this.
1.3 Purpose of the study
Therefore, this research work is designed to find out the following:
a. Whether lack of capital outlay inhibit the establishment of business centre.
b. To know the effect government policies have on establishment business centers.
c. To know if lack of raw materials is one of the problems
d. To know if land as one of the major factors in establishing of industry discourages people to set up business centers.
e. To know if lack of machineries and equipment is one of the problems
Another
aim of this study is to identify the core problems that hinder people
from establishing their own business centre in Awgu local government
area of Enugu state . Also, how the result of this will benefit the
people who own the business centers.
How it can also benefit the entire Enugu and more so, those who manage the business or about to engage in one
1.4 Scope of study:
This research project cover the problem, of establishing business centers
with
particular reference to at least ten (10) business centers in Awgu and
its satellites towns of Awgu town, Mgbowo, Mmaku, Agbogugu, Ihe,
Owelli-Court, Ugbo, Ogugu, Ituku, and Isu – Awaa.
1.5 Research Question
To satisfy the inquiring nature of this study the following questions will be answered.
A. Does lack of capital outlay inhibit the establishment of business centers?
B. What effects do government policies have on the establishment of Business centre in Awgu
C. What effect does lack of raw materials have on establishment of business centers in Awgu?
D. What are the effects of land as one of the Major factors have in establishment of Business centre?
E. What effect does lack of machineries/equipment have in establishing Business centers?
1.6 Significance of the study:
Business centre ownership is the shortest route to the acquisition of
capital
and of course participation and contribution towards the economic,
social, political and industrial growth of any nation-Enugu state in
particular.
This research will enable any person who may read it to
appreciate what business centre are, benefit of it, the expected problem
a entrant may encounter and finally, proffering possible solutions to
the problems.