ANALYSING CONSULTANCY SERVICE FOR SMALL SCALE BUSINESS
|BANKING AND FINANCE|
No of pages
|MS Word & PDF|
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1.1 DEFINITION CONCEPT OF THE STUDY
The project described the system which has successfully been used provide service to small enterprises at a reasonable cost.
These services are provided by small enterprises advisors or consultant.
It is important from the onset to explain the meaning of small enterprises.
The term can be defined in various ways according to the circumstances in which it is being used.
The Harvard business school in united states offers a course and these are said to have annual turnover of less ten million dollars.
Sometimes people classify business by the number of employees and maximum numbers of fifty, a hundred or more people have been used to define the point at which a business ceases to be “small” yet, another way of describing the size of a business is to refer the ways decision are taken in it.
For the purpose of this project the researcher choose this method and say that we are mainly concerned with business where the manager is not a specialist in management but is chiefly occupied in carrying out the main function of the business.
In the type of business a single person has undertaken the risk of production the probably provides all the capital though to make a start, he may have to borrow from friends or relations.
He is thus the owner of the business shouldering the entire responsibility of its management and operations success of failure depends primary on his ability to produce things that other people need at a price which they are prepared to pay that is upon his efficiency as a producer.
If he is successful, he reaps his reward in the form of profits which accrue solely to him, though subject to taxation by the state but if he is unsuccessful, he must bear the entire loss himself.
The manager of these small businesses can be skilled carpenters or metal workers and in a shop he spends most of his time selling goods across the counter.
It should also be cleared that there are enormous number of the type of enterprises which can benefit from a service such as it is described in tails project.
No business is too small, the concord is on people rather than with money and if a business is in the main occupation of at least one person, it deserves assistance and attention however small its turnover may be.
there are such large number of very small business enterprises and there is in fact, very little rinks that there will be any difficulty in deciding how big a business must be before it cease to be qualified for advice and assistance.
If all business with specialist manager are excluded, such enterprises like the ones won by a carpenter, a tailor, a mechanic and perhaps general metal workers are included.
In farming areas, there are often small mills to process small holder produce large villages or small towns may be served by bakers, bicycle repairs, garages, blacksmith, brick makers, bus and tax operators and shoe makers as well as having large numbers of retail shop.
The number and variety of these small enterprises will depend on the community they serve.
1.2 AIMS AND OBJECTIVES OF THE STUDY
The main aim and objectives of the study is to help in providing the system that has been successful used to provide management advisory services to small enterprises at reasonable cost. These services are provided by small enterprises advisors or consultants.
It also includes the enlightenment of the relevance of consultancy services to small business and the economy of Nigeria in general.
Furthermore it discusses the contributions of consultancy from to the fast development of Nigeria economy.
It is generally recognized that small business enterprises have important role to play in the economic progress of any society.
This research will describe a particular system for organization and training small enterprises owners and persons who give expert advises to them that is the consultants or advisors.
Therefore could however, be sold that at the end of this work most of us who are willing to start business will find it easy and convenient.