STRATEGIC FEASIBILITY STUDIES FOR SMALL SCALE BUSINESS SURVIVAL

STRATEGIC FEASIBILITY STUDIES FOR SMALL SCALE BUSINESS SURVIVAL

(A CASE STUDY OF MR. HILLS RESTAURANT NASARAWA)

CHAPTER ONE

1.1   INTRODUCTION

Every nations of the world yearn for economic growth and development in line with sustainable, purposeful economic policy and attainable programmes of achieving the fundamental objectives in attaining a greater height. The role and contributions of a small scale business outfit towards the realization of this mindset cannot be over emphasized. Nigeria cannot be left out of this struggle as a lot is yet to be done in this wise. It is pertinent to create enabling environment that will enhance economic growth and development.

Naturally speaking, small scale businesses are the bedrock of economic growth and sustainable economic independence.

This project research is carried out to examine the methods and ways of surviving on small scale business in a long period of time.

1. BACKGROUND KNOWLEDGE OF THE STUDY

Mr. Hills restaurant is one of the major fast food joints in Tammah, Nasarawa, with its bakery business in Keffi same Nasarawa State. Mr. Hills restaurant was established in 2009 by Mr. Peter Hills who is the sole owner of the business (Mr. Hills).

Mr. Hills Restaurant is engaged in all assorted kinds of food, drinks and snacks such as rice, beans, spaghetti, meat pie, chicken pie, semovita, amala, pounded yam, alcoholic and non-alcoholic drinks etc. The restaurant has over 20 staffs and according to Mr. Peter Hills sustaining the business has not been easy due to lack of capital structure, lack of promotional budget, poor competitive position, lack of close supervision and monitoring of performance, poor staffing, lack of facility and lack of experience.

1. STATEMENT OF THE PROBLEMS

The following statement of the problem shall serve as a guiding principle on how and what the research should investigate pertaining business failure. The problems goes thus: “could it be that, small business failure is attributable to  inadequate capital structure, poor staffing, inadequate record keeping, close supervision and monitoring of performance on the part of the entrepreneur, business location and inadequate promotional budget for efficient and effective small business management in Nigeria?”

1.4   THE PURPOSE OF THE STUDY

The purpose of this research work are listed below:

1.     To find out whether small scale business failure is caused by inadequate finance, poor staffing, inadequate credit control, promotional budget and poor supervisory management of the enterprise.

2.     To find out how best small scale business enterprises can be operated successfully.

3.     To proffer solution and recommend ways of preventing business failures.

4.     To find out how feasibility studies can aid business survival.

5.     To find out the various survival strategies available to small scale business survival.

1. OBJECTIVES OF THE STUDY

The objective of this study is not only to fulfill the departmental requirement for the award of Higher National Diploma.

• The study seeks to present to business owners some strategic feasibility studies reports for small scale business survival.
• It seeks to set out basic management techniques for business management to apply.
• It is also set out to equip business men with necessary tools to prevent business failure.
• It is hoped that the rate of business failure will reduce since many businessmen are not trained in business management field so this study seeks to present to them with basic business management techniques for survival.

1. SIGNIFICANCE OF THE STUDY

This project work will not only be significant to Mr. Hills Restaurant but also:

• Serve as a guide to small scale business operators.
• Serve as a reference point to the academia and future research fellows.
•  This study will also serve as a source of information through the provision of comprehensive and instructive analysis as a strategy to educate individuals and organization more about business surviving techniques for small scale enterprises in an economic development.

1. RESEARCH METHODOLOGY

Relevant data gathering techniques will be adopted in this project work.  The data gathering instrument will be a combination of questionnaire and personal interviews.

The questionnaire method with personal interview will be chosen as well as a check list to aid the respondents to oral dictation and explanation from the questions.

1. RESEARCH QUESTIONS

The following questions were asked during the oral interview

1.     Do SMEs commence business with inadequate capital?

2.     Do SMEs recruit qualified staff to run the firm?

3.     Are there traces of failure to poor record keeping?

4.     Has there been lack of proper supervision and monitoring of performance?

5.     Is the business poorly located?

6.     Do you have a properly promotional budget allocation?

7.     Has there been poor credit control system in the firm?

1.9   RESEARCH HYPOTHESES

        The hypothesis formulated by the researcher in which this research works will be based:

H_o:    Strategic feasibility studies do not have any effect on the survival of small scale business.

H_i:    Strategic feasibility have a tremendous effect on the survival of smalls scale business.

The above formulated hypothesis will be subject of concern of this research ad data will be collected to support the above formulated hypothesis.

1.10 SCOPE OF THE STUDY

The strategic feasibility studies concentrate on finding out the rate of business failure as it relate to:

• Inadequate capital structure
• Poor staffing
• Poor record keeping
• Lack of close supervision and monitoring of performance by the businessman.
• Poor business location
• Inadequate promotional budget
• Inefficient and effective credit control.

Above all, the researcher limit the studies to SMEs in Nasarawa with particular reference to Mr. Hills Restaurant.

1.11 LIMITATIONS OF THE STUDY

The following are some of the hindrances experienced by the researcher

a.     Source of Information:-  Inadequate information has lead to the drawback of the research work by the researcher  due to poor network service and the non-respondent attitude of the interviewee.

b.     The ASUP Strike Action:- Yes, the strike action embark upon by The Academic Staff Union of Polytechnics (ASUP) hindered the research work because before the strike, the researcher was making use of the school library information as a result, these services were cut off. However, thanks to e-library facilities in the neighbouring states which helped out in the end.

1. DEFINITION OF RELEVANT TERMS

        Entrepreneur:-  According to Ball Back (1980) Someone who can identify and take on business opportunities by establishing a business and taking risk in order to make profit.

          Entrepreneurship Development Programme (EDP):- According to Ball Back (1980). This is a programme set up by government for graduates and school leavers to acquire skills to be self employed.

          Liquidation:- This is selling of all company’s assets, in parts for their tangible worth.

          Strategy:- According to Alfred Chandler (1962) refer as the determination of the basic long goals and objectives for an enterprise and the adoption of a course of action and the collection of resources necessary for achieving these goals.

          Management:- This involves effectively getting activities completed with the people in a dynamic setting. (Druckler P.F. (1970)

          Feasibility study:- According to Olaegba B.A. (2007). This simply means a well detailed study that examine the profitability, feasibility and effectiveness of a proposed investment opportunity.

          SMEs: This simply means Small and Medium Enterprises.

          GNP: Ben Alaba O. (2007)This refers to Gross National Product. Which simply means the quantity of goods and services produced in a country.

REFERENCES

Chanaller A.D. (1962), Strategy and Structure, New York,

        Anchor Books.

Drucker P.F. (1970), Management, London Pan Books

Ewurum U.J.F. (1996). Principles of Management, Gordan Jornal; A Journal of Management and Computer Technology Vol 1 December.

Gomez and barikin (2002), Management policy, New Deihi; Prentice Hall of India Private Ltd., 2^nd Edition.

Stoner (1978), Management, 5^th Edition, New Dehili: Prentice Hall of India.

TOPOGRAPHIC SURVEY OF SURVEY STAFF QUARTERS OF THE FEDERAL POLYTECHNIC NASARAWA

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TOPOGRAPHIC SURVEY OF SURVEY STAFF QUARTERS OF THE FEDERAL POLYTECHNIC NASARAWA

(A Case Study of Senior Staff Quarters of Federal Polytechnic Nasarawa)

ABSTRACT

This project plain the experience of the researcher in surveying the course of study in the institution. It also show the aimed at making use of survey equipment, computer, hardware and software in the in the production of topographic and detail map. The project comprises of 15 stations in which the traverse was run. It started from a tertiary control pillar proved to be in position (in situ check) it was divided into five chapters. The first chapter talks of introduction in which the purpose of the project is defined indicating the type of introduction in which the purpose of the project is defined indicating the type of traverse. The second chapter treats the reconnaissance which is the most important aspect of the project preliminary operation which determines the success of work we embarked upon. The third chapter deals with field operation collection of instrument adjustment of instrument method of angular and linear measurement. Chapter four shows all the calculation done in respect to the work and for it accuracy to be determined (office work) it includes the computational procedure adjustment of field data lastly, chapter five talks about the conclusion, problems encounter, recommendation appendix and list of symbol.    

CHAPTER ONE

INTRODUCTION

1.     INTRODUCTION

“Surveying is the art of science and technology of making measurement of the relative position of natural and man-made feature on the surface of the earth and the presentation of this information either graphically (as map and plans) or numerically (as locational values such as coordinates and bearings) with the aid of a suitable scale” (Surv. Olumide)

A Topographic Map is defined as the representation of physical topographic features (both nature and man-made) in relative position on paper. It can also be defined as the combination of general and thematic map and uses a scale to show the correct relationship of various features to each other.

The Topographic map mentioned above involves the following processes

1. Traversing (theodolite traversing)
2. Leveling (spirit level)
3. Tachometry method.

1. 1    BACK GROUND OF THE STUDY AREA

The Federal Polytechnic Staff Quarter Nasarawa was  establish in 1998, to meet the education need of the children of Federal Polytechnic Staff and also improve the standard of the student in Nasarawa who are within the Polytechnic.

1. AIM AND OBJECTIVES

The aims and objectives of this project work includes:

1. Collection of relevant for the production of topographical survey data for the production of the topographical survey of the project site.
2. The representation of both natural and artificial features within the project site using appropriate symbols.
3. Location of the correct positions of the features within the project site
4. Showing the topographical nature of the site
5. The productions of a topographical map of the project site showing the relative position of all features, both natural and artificial.

1. STATEMENT OF PROBLEM

The Federal Polytechnic Staff Quarters does not have a map upon which development plan can be made for feature development.

1. PURPOSE OF THE STUDY

The purpose of the study is to produce a topographic map showing the features both nature and man-made such as road, footpath, building in their real and proper provision on the ground. It also provides an avenue for student to acquire knowledge in the practical aspect (that is been able to handle the equipment).

1. SIGNIFICANCE OF STUDY

The significance of study is to produce a topographic map of the school to serve as a base map upon which feature development can be made.

1. RESEARCH QUESTION AND HYPOTHESIS

This question deals with what to do in order to archive the aim of the study. It is also important to note that surveying is a practical course. In achieving the aims and objective of the research work, question like’,

1. What method should be use in achieving the set of goal?
2. The equipment needed depends on the method to be use.
3. Arc the equipment available within the school thus, in order to achieve this fate, the following survey method are to be use.
4. Theodolite traversing
5. Spirit leveling
6. Tacheometric/option method for detailing

1. ASSUMPTION

The method used is assumed to be okay in solving the problem: it is also assumed that the method used is sufficient and adequate is acquiring a desire result and also the instrument use are good enough to provide enough data required for the project.

1. SCOPE OF THE STUDY

The scope of this project title ‘’topographical survey’’ of Polytechnic Staff School Nasarawa include.

1. Reconnaissance
   1. Control extension
   1. Theodolite traversing
   1. Spirit leveling
   1. Tacheometry method
   1. Computation
   1. Plotting using suitable scale

1. DEFINITION OF TERM
2. Traversing: is the method of determining the relative location of point or is a series of connected line whose length and direction are determine from field observe
3. Spirit leveling: is the process of measuring the different in height between two points on the surface of the earth in relation to a given datum.
4. Tachometry: is a method of process of obtaining horizontal and vertical observation of details by means of direct optical method.

SOLD BY: Enems Project| ATTRIBUTES: Title, Abstract, Chapter 1-5 and Appendices|FORMAT: Microsoft Word| PRICE: N3000| BUY NOW |DELIVERY TIME: Within 24hrs