ABSTRACT
An
analysis into the causes of failure of Small Business Organisation in Enugu
State is a topic chosen from the marketing
This
first approach to the contemporary marketing project retains the same
conceptual frame work. The project may
be the most illustrative in the title “SMALL BUSINESS
It
deals with causes of business failure in Nigeria such as government regulation
inadequate experience in the field like inadequate capital, lack of raw materials and other logistic
problems. It also deals with the
solution to their
I
sincerely belief that this project work will meet the expectation of my numerous
readers.
TABLES OF
CONTENTS
Title page ….. ….. ….. ….. …. …. …. ….. I
Approval page
….. ….. ….. ….. …. …. ….. Ii
Dedication ….. ….. ….. ….. …. …. …. ….. Iii
Acknowledgment
….. ….. ….. ….. …. …. Iv
Abstract ….. ….. ….. ….. …. …. …. ….. V
Table of contents ….. ….. ….. ….. …. …. Vi
CHAPTER ONE
1.0 Introduction ….. ….. ….. ….. …. …. ….
1.1 Background
of the study ….. ….. ….. ….. ….
1.2 Statement
of problems ….. ….. ….. ….. ….
1.3 Significance
of problems ….. ….. ….. ….. ….
1.4 Scope
and limitations of the study ….. …..
1.5 Definition
of terms ….. ….. ….. ….. …. ….
CHAPTER TWO
2.0 Literature
review ….. ….. ….. ….. …. ….
2.1 The
origin of small scale business ….. …..
2.2 The
school of though relevant to the problems of the subject …..
1.
Problems
associated with the business failure
CHAPTER THREE
3.0 Conclusion
and recommendation ….. …..
3.1 Conclusion ….. ….. ….. ….. …. …. …. …..
3.2 Recommendation ….. ….. ….. ….. …. ….
Bibliography
CHAPTER ONE
1.
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
The problems of small business failure is as
old as the history of business itself a large
number if business which started with so much optimism and promise have
failed.
The
problms that confront business in its own right could contribute a great threat
to the survival of he business. It is
better to indicate here that the survival of business if any person managed
economy to a great extent depends on sometimes sheer luck rather on managerial
and technical capability as would have seen the case.
Business
failure if like sickness such as malaria it always do not come without
symptoms. The Main symptoms of immediate
business collapse according to Ifedi (1986) are detoriating capital, decrease
in sales, decline profit and high debt ratio.
Once these factors are noticed in business, the entrepreneur should know
that he business is at its collapse. A
large number of business have failure in
Enugu state. The problem of
business failure is now a great concern
to managers, entrepreneur customers and workers, an each can play an important
role in minimizing it.
In
order to minimize business failure, effects should be made to determine the
cause of such failure and appropriate steps to reduce them to an acceptable
proportion. This is the concern of this
study.
1.
STATEMENT OF PROBLEM
The study will attempt to sort out what business
failure will be like in the economic cycle and the problems that are associated
with business failure in small scale enterprises.
The problems can be classified this, general and
specific factors. Both factors are
highlighted below:
1.
Government
polices and regulations.
2.
Inflation
and business cycle.
3.
Managerial
incompetence.
4.
Inadequate
capital.
In considering the problems as stated above, a
question has to be asked. How easy it is
for small business to fight against failure.
The magnitude of this problems and its implication have inspired this
research.
1.
SIGNIFICANCE OF THE STUDY
It is certain that in Nigeria today causes of
business failure are rampart tot he point that is calls for some aestivation into the cause, consequences and
recommendations on their prevention. It
is hoped that it the recommendations are properly utilized, it would increase
the chances of success thus reduce the personal and social cost due to business
failure.
1.
SCOPE AND LIMITATIONS OF THE
STUDY
Business failure has adverse effects on any
economy. One should therefore understand
the necessity to narrow this study in small scale business organizations.
In other to attain the objective of this research,
the scope of the study was defined to embody all relevant aspects of failure in
business.
The research work is aimed at analysing the causes
of small business failure in Enugu State.
Due to financial constraints time and other academic involvement’s the
study was limited to Enugu Urban.
However, this town was considered as a fairy true representative of the
entire state. Lack of relevant
literature also constitutes some limitations of this study.
1.
DEFINITION OF TERMS
Business: This is all profit directed economic
activities that are organ and directed top provide products and services.
Economics
Cycle: This is the cyclical change that occur as the legality of economic activities varies
overtime.
Entrepreneur: This is a person who assumed the risk of organisation and Managing a business I the
hope of making profit. If a profit is
earned, the entrepreneur receives it.
Small Scale
Industry: This is an establishment with low capital
based and the employees are relatively small.