Entrepreneurial Development Initiative And Micro Enterprise Sustenance In Awka Metropolis.
ABSTRACT
This study evaluates entrepreneurial development initiatives and micro-enterprise sustenance in Awka metropolis.
The objective of this study is to determine the entrepreneurial initiatives that can sustain micro-enterprises, to investigate the extent entrepreneurial initiatives can reduce unemployment and to identify the challenges of entrepreneurial development initiatives on micro-enterprise sustenance, the survey research method of investigation was adopted in this research work.
The study used primary and secondary source of data, data for this research work were collected using questionnaires and personal interviews on micro-enterprises, data collected were analyzed using descriptive statistics such as frequency distribution and simple percentages.
Findings and recommendations were made most of the micro-entrepreneurs have 2-5 workers working for them ad are basically and mostly into a service business.
There years of business experience are 1-3 years and most of them started their businesses through you-win initiatives, entrepreneurial initiatives help to reduce unemployment.
Government initiatives such as NDEP, BOI YES and YOU-WIN programmes should be sustained to help in sustaining entrepreneurial development, consistent entrepreneurial training and support should regularly organize for micro-entrepreneurs in order to fast-track and help them grow from strength to strength.
TABLE OF CONTENTS
Title page i
Dedication iii
Certification iv
Approval Page v
Acknowledgement vi
Abstract ix
CHAPTER ONE
- Background of the study 1
- Statement of problem 3
- Objectives of the study 4
- Research questions 4
- Hypothesis of study 5
- Scope of study 5
- Significance ofstudy 5
- Definitions of study 7
CHAPTER TWO: REVIEW OF RELATED LITERATION
2.1 Conceptual review 9
2.1.2 Entrepreneur 9
2.1.3 Entrepreneurship 10
2.1.4 Entrepreneurship Development 11
2.1.5 Sustenance 11
2.1.6 Micro Enterprise 12
2.1.6 Entrepreneurial Initiatives 12
2.2 Entrepreneurial Development Initiatives Sustenance 13
2.3 Entrepreneurial Initiatives and Micro Enterprise Sustenance 14
2.4 Challenges of Micro Enterprise Sustenance 14
2.5 Theoretical Framework 15
2.6 Empirical Reviews 16
Gap in Knowledge 18
2.7 Summary of related Literature
End of Chapter Two Reference 20
CHAPTER THREE: RESEARCH METHODS
3.1 Research design 22
3.2 Area of study 22
3.3 Population of the study 22
3.4 Sample size Determination and Sampling Techniques 23
3.5 Source of Data 24
3.6 Method of Data Collection 24
3.7 Validity of the Research Instruments 24
3.8 Reliability of the Research Instrument 24
3.9 Method of Data Analysis 25
End of Chapter Three Reference 26
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Business Office Information 27
4.2 Line of Micro Business 28
4.3 The years of your business experience 28
4.4 Your enterprise started through these initiatives 29
4.5 The business you are handling is solely your own 30
4.6 You have other partners in your business 30
4.7 You are prompt in solving business challenges 31
4.8 You are faced with fund and Managerial skills challenges 32
4.9 Government/ NGO usually makes business environment good 32
4.1.0 Your business have employed a number of persons 33
4.1.1 You started your business through government programmes 34
4.1.2 Your business has helped a number of people started their own 34
4.1.3 Which of these challenges affect your business 35
CHAPTER FIVE
5.1 Summary of findings 38
5.2 Conclusion 39
5.3 Recommendation 39
Limitations of the study 40
References 41
INTRODUCTION
Background of Study
In recent times entrepreneurs have been referred to as necessary pre-requisite to mobilize capital exploit natural resources and create markets to carry on trade (Harbison & myers 2004).
Entrepreneurs are agents who perform a vital role in the economic growth of a country and are linked to the overall industrial development of a linked to the overall industrial development of a nation, some of this characteristics are risk-takers, decision-maker, perseverance, organizers and planner, innovative function, and Gap filling ability.
However, successive government in Nigeria has introduced various entrepreneurial developments. These programmes include Family Economic Advancement programmes (FEAP) Structural Adjustment Programmes (SAP).
Green Revolution Programme (GRP) National Economic Empowerment and Development Strategy (NEEDS) at national level.
State Economic Empowerment and Development Strategy (SEEDS) at state level and Local Economic Empowerment and Development Strategy (LEEDS) at local government level, Poverty Alleviation Programme (PAP), and most recently, the National Poverty Eradication Programme (NAPEP).
These programmes failed to achieve their objectives because of poor design; it was in realization of the scenario that the Federal Government of Nigeria announced the inclusion of entrepreneurial education in higher institutions of learning as a way of promoting entrepreneurial spirit among Nigeria youths to take up self employment.
This has led to the launching of programmes such as youths enterprise with innovation plan aimed at job creation and micro enterprises by encouraging band supporting aspiring entrepreneur youth in Nigeria to develop and execute business ideas (Flippo E 2008).
Micro enterprises is a relative concept because it varies among countries and within a particular country per time. For instance, a small or medium size enterprise in an advanced country like United State of America or Britain can be considered a large scale industry in Nigeria (Ogundele 2002).
REFERENCES
Acs and Szerb Innovation in large and small firms. An Empirical Analysis American economic Review 78, 678-690.acs and
Armington 2012 conducted in Hull City in England, the needed empirical evidence that micro- entrepreneur are change
Agwu M.O and Eneto C.I ( 2014) Challenges And Prospects Of Smes In Port Harcourt City, Nigeria. European Journal of Sustainable Development 3 101-114
Beach ( 2003) Personnel Management of people at work. 3rd New York Macmillian Publishing co.Int.
Davidson ( 2004) The role of social and Human Capital among nascent entrepreneurs.
Dongles ( 2004) Micro enterprise and entrepreneurs. Ibadan, University press.
Ebiringa ( 2011) School of Management federal university of technology Owerri Nigeria.
Ekpo-Ufot ( 2004 ) How to develop the technologically innovative entrepreneurs and his planning skills: Fredreck Ebert Foundation workshop on entrepreneurship development in Nigeria University of Lagos.November 28-30.
Fritsch and Mueller 2014 a study on theory of creative destruction on micro-entrepreneur in Great Britain
Be the first to comment