ENTREPRENEURIAL DEVELOPMENT INITIATIVE AND MICRO ENTERPRISE SUSTENANCE
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 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 un-employment. Government initiatives such as NDEP,BOI YES and YOU-WIN programmes should be sustain to help in sustaining entrepreneurial development, consistent entrepreneurial training and support should regularly be organize for micro-entrepreneurs in order to fast-track and help them grow from strength to strength.
CHAPTER ONE
Introduction
1.1. 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 tothe 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 t 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). National Economic Reconstruction Fund (NERF) sees micro/cottage enterprise as the smallest carder in the level of business range with a maximum capital of N1,000,000.00 (one million naira) and maximum labour of ten. Small and Medium Enterprise Development Association of Nigeria (SMEDAN) helps to promote Entrepreneurship culture through initiative that build business confidence, positive attitude, pride in success, support and encouragement of new ideas, social responsibility, providing inter firm linkage and promotion of research and development. Finally, since entrepreneurship Nigeria is assumed to play a role of solving the problem of employment generation, facilitators of Economic recovery, National Development and poverty reduction stakeholders must come to agreement on entrepreneurial development initiatives because it is a harbinger of economic reconstruction and transformation (ihua, 2009).
1.2. Statement Of Problem
The increasing incidence of poverty in Anambra State was in spite of the various resources and efforts exerted on poverty related and micro enterprises programmes and schemes, in the country. This suggests that the programmes and schemes were ineffective and ineffectual, despite the huge resource invested in them. It is either the government is playing politics to their initiatives y laying lip services to the programmes, thereby making its existence only in theory, or not supporting the plan with enough resources. However, some government officials misappropriate the limited resources, enriching themselves and entrepreneurship cannot be developing in isolation with the right policies and opportunities that serves as engine room for its growth.
It is a known fact that poverty constitutes an obstacle to rapid economic development in the state. Poverty is also directly responsible for the crimes in the city as well as rural areas and manifest itself in prostitution, thuggery, exposure to risk, corruption, robbery and fund (popularly called 419), street life, drugs and so n. This is as a result of unfulfilled aspirations result from unemployment, lack of adequate access to resources to start-up micro businesses (Osemeke, 2012).
1.3. Objective Of The Study
The broad objective of the study is to examine Entrepreneurship development initiatives and micro-enterprises sustenance in Awka Metropolis, Anambra State.
The specific objectives of the study are:
- Determine the entrepreneurial initiatives that can sustain micro-enterprises.
- Investigate the extent entrepreneurial initiatives can reduce unemployment.
- Identify the challenges of entrepreneurial development initiatives on micro enterprises sustenance.
1.4. Research Question
- To know whether entrepreneurial initiatives can help to reduce unemployment.
- To know to a very large extent how entrepreneurial initiatives can sustain micro enterprise.
1.5. Hypothesis Of The Study
H0 Entrepreneurial initiatives do not influence the development of micro enterprise in Awka Metropolis.
H1 Entrepreneurial and initiatives influences the development of micro-enterprise in Awka Metropolis.
1.6. Scope Of The Study
The study will cover entrepreneurial development initiatives and micro-enterprise sustenance in Awka Metropolis for the year 2016.
1.7. Significance Of The Study
This study will be of great benefit to micro entrepreneurs in their business, it will provide them with basic information about entrepreneurial initiatives and how they affect their business. It will give them full information on:- entrepreneurial initiatives and how micro-enterprises can be sustained. This research work will be to an extent provide the youth a path-way to entrepreneurship development by giving them full information on how it can help reduce unemployment. It will provide the government with full information on the needs and problems of entrepreneurial development initiatives for micro-enterprises.
Finally, it will serve as a source of reference to readers and researchers who will be interested in writing a related topic.
1.8. Definition Of Terms
Entrepreneurship:
Entrepreneurship is an undertaking in which one is involved in the task of creating and managing an enterprise for a purpose (Ogudele 2004).
Entrepreneur:
They are agents who performs a vital role in the economic growth of a country and are linked to the overall industrial development of a nation (Harbison & myers 2004).
Micro-enterprise:
It is a business range with a maximum labour of Ten (NERFUND).
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
Procedure for Downloading the PDF (Docx) Material
Entrepreneurial Development Initiative and Micro Enterprise Sustenance can be downloaded by requesting the full set of materials at the project or seminar cost. The document will be sent via Microsoft Word (MS-Word) format via WhatsApp (e-mail) following payment confirmation.
| Seminar Material Cost ₦3,000 | Project Material Cost ₦5,000 |
Request Complete Material
 | Click here to request the Complete Material via WhatsApp including;
|
TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Entrepreneurial Development Initiative and Micro Enterprise Sustenance" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Entrepreneurial Development Initiative and Micro Enterprise Sustenance" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
Frequently Asked Questions (FAQ)
Can the material for “The Contribution of the Communication Sector to Economic Development in Nigeria” be used as a guide for Economics Project?
Yes it can be used — The research examines the contribution of communication sector to economy development in Nigeria. The qualitative and quantitative evidence related to allocative and productive efficiency of NITEL in the wake of its commercialization and deregulation in 1992. The communication industry has expanded in terms of increased availability of telecommunication facilities, improved services, low can completion rate, Global system Mobile (GSM) etc. The meaning, objectives, concepts and structural phases of communication industry was thoroughly examined. In line with this, other relevant concepts necessary to enhance the strength of communication industry on Nigeria economy were discussed. The arithmetic data’s collected were analysed and interpreted using the chi-square method. The study recommends that the greater private sectors participation will strengthen the reform efforts of telecommunication sectors. The private …
Is the topic “Implementation of Banana Slicer for Food Processing Industries” recommended for Electrical / Electronics Engineering (EE) Project?
Yes it is highly recommended — The study was carried out to implement a Banana Slicer for Food Processing Industries. In achieving this aim, the following specific objectives were laid out to examine the benefit and the motions of banana slicer and add benefit to the oldest way of slicing banana using manual method. A power rotary banana slicer suitable for small scale processing was designed and developed based on engineering properties of banana varieties, namely Nendran and Dwarf Cavendish. This banana slicer mainly consists of feeders for round slicing, cutter, power transmission mechanism, base support and frame. 111e power operated rotary slicer with three blade cutter that was operating at 36CJ rpm speed was developed to overcome drawbacks of existing hand or power operated rotary …
Can this topic “Design and Construction of Automatic Fence Light Controller” be used for Electrical / Electronics Engineering (EE) Project?
Yes it can be utilized for research — The study was conducted to design and construct an automatic fence light controller. The very fundamental reasons behind this project assignment is to expose student to the very important aspect of private and independent research work not only theories but also subsequent translation of theoretical research work into a particular function system. The project construction of automatic fence light controller has been done primarily as a photo type design it could be further modified suit the situation where it will be used e.g when used to activate an alarm the led could be further modified to suit the situation where it will be used e.g when used to activate an alarm the led could be replaced with a relay and …
Can the material for “Ukwuani and the Urhobo People Up to 1900 - a Study in Inter-Group Relations” be used as a guide for History Project?
Yes it can be used — Inter-group relations between Ukwuani and Urhobo peoples up to 1900. One aspect of Ukwuani and Urhobo history that has not received much attention from historians in recent times is the effect of inter-group relations between them. The aim of the study is to evaluate the Ukwuani and the Urhobo People Up to 1900 using Inter-group Relations as a Case Study. In achieving this aim, the following specific objectives were laid out to assess the Inter-group Relations of Ukwuani and the Urhobo People Up to 1900, find out about the Pre-Historic Origins of Urhobo Cultural Units, evaluate the Urhobo's Subcultures and the Conquest of Western Niger Delta’s Rainforests, find out about the Properties and Characteristics of Cultural Units of Urhobo Land, …
Is the topic “Influence of Library 2.0 on LIS Undergraduate Students Information Access and Knowledge Sharing” recommended for Library and Information Science (LIS) Project?
Yes it is highly recommended — Library 2.0 is a model for a modernized form of library services that reflects a transition within the library world in the way services are delivered to users. The main aim of the study is to ascertain the Influence of Library 2.0 on Library and Information Science (LIS) Undergraduate Students Information Access and Knowledge Sharing. In achieving this aim, the following specific objectives were laid out to ascertain the influence of Library 2.0 on Library and Information Science undergraduate Students Information Access, examine the impact of Library 2.0 on Library and Information Science undergraduate Students Knowledge Sharing, examine the relationship between Knowledge Sharing and information access in digital library, examine the role of web based library in information sharing in …
Can the material for “Interpersonal Communication and Conflict Resolution in Community Development” be used as a guide for Public Administration (PA) Project?
Yes it can be used — The major purpose of this study is to determine the impact of interpersonal communication in conflict and community development with a particular reference to Ivo Local Government Area. Data collection was based on questionnaire and oral interview and the data was analyzed with percentage, finally the hypothesis was tested using correlation method. It was discovered that interpersonal communication plays a vital role towards conflict resolution and community development. The study also narrates how interpersonal communication serves as a medium of communication used in conflict resolution and initiation of development policy. It was on the basis of the above findings, that it was recommended among other things to the opinion leaders peace committee and community leaders to gather with community developers, …
Can the material for “Online Office Chat Application System” be used as a guide for Computer Science (CS) Project?
Yes it can be used — Instant messaging has brought an effective and efficient real-time, text-based communication to the Internet community. The aim of the study is to Design and Implement a web based chat application that will allow users within an intranet / internet connection to engage in private and public conversations. In achieving this aim, the following specific objectives were laid out to develop a conceptual design for a secure, accessible and user-friendly web based chat application for a university, using the University of Calabar, UNICAL, as case study and perform tests on the said system to assure functionality, accessibility and usability of the system. The methodology adopted in this study is the structured system analysis and design methodology (SSADM) which is a technical approach …
Can the material for “Impact of Human Capital on Economic Growth” be used as a guide for Economics Project?
Yes it can be used — A nation cannot experience economic growth without human capital development. For human capital to actually have any impact on economic growth some investment has to be made. Investment in human capital consist of ;education, training, health and other social services, that will help in enhancing productive capacity of labour. This project examines the impact of human capital on economic growth in Nigeria from 1980-2006. The study used the ordinary least square technique(O L S) to determine the relationship between human capital and economic growth. This finding demonstrate the relevance of real gross domestic product in boosting the human capital development through the ratio of student enrollment in schools. …
Can this topic “The Enrolment and Completion of Female Adult Learners Attending Adult Literacy Programme” be used for Economics Project?
Yes it can be utilized for research — Female Adult Literacy involves the skills of teaching, writing, and learning, is the bedrock of any meaningful development of any country, Nigeria inclusive. The researcher in this study tries to investigate the literacy education programme that has been in place for the women as to the government in Kano State in particular realized the need for women literacy education in order to empower them. Literacy education on empowerment of women will enable them become socio-economic buoyant, self-reliant and more actively engaged in their country’s social, political development and yield high dividends. It will serve as a process of eradicating inequalities between women and their male counterparts. The major aim of the study is to examine the enrolment and completion pattern …
Can the material for “The Impact of Value Added Tax on Nigerian Economic Growth (1994-2010)” be used as a guide for Economics Project?
Yes it can be used — This paper analyzed empirically the impact of Value Added Tax (VAT) on economic growth in Nigeria from 1994-2010. Data was collected from Central Bank of Nigeria (CBN) statistical bulletin. Ordinary Least Square techniques was used to estimate the model, which reveals a strong positive significant impact of VAT on economic growth in Nigeria. Therefore, this study recommends that the VAT should not be high on the infant industries, so as to enable them grow. …