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Financial Problems And Survival Strategies Of Small Scale Enterprises (PDF)

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– Financial Problems And Survival Strategies Of Small Scale Enterprises (PDF) –

Download Financial Problems And Survival Strategies Of Small Scale Enterprises (PDF). Business Administration students who are writing their projects can get this material to aid their research work.

Abstract

The study was carried out to examine the financial Problems and Survival Strategies of Small Scale enterprise in Aguata  Local Government Area of Anambra State.

The purpose of the study is to find out the financial problems and survival strategies of small and medium scale enterprises.

Four research questions and four null hypotheses were raised. The sample size was 140. The questionnaire was used to collect the data. Frequency tables, percentages, and z-test were used to analyse the four hypotheses.

The result revealed that small and medium scale industry face a lot of financial problems and these problems are mainly as a result of the difficulty in raising capital.

Introduction

Since Nigeria attained independence in 1960, considerable efforts have been directed towards the nation’s industrial development.

The initial efforts were government-led through the vehicle of large industry, but lately, the emphasis has shifted to Small Scale Industries (SSIs) following the success of SSIs in the economic growth of Asian countries (Ojo, 2003).

Thus, the recent industrial development drive in Nigeria has focused on sustainable development through small business development.

Prior to this time, particularly judging from the objective of the past National 4-Year Development Plans, 1962-68 and 1981-85, the emphasis had been on government-led industrialization, hinged on import-substitution.

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