Presentation on theme: "FACILITATOR USMAN.A. BAMIDELE ENTREPRENEURSHIP AND SMALL SCALE BUSINESS."— Presentation transcript:
FACILITATOR USMAN.A. BAMIDELE
ENTREPRENEURSHIP AND SMALL SCALE BUSINESS
INTRODUCTION YOUCAN! INNOVATIVE Is A Youth Entrepreneurship and Innovation Training That Aims to Build and Create a Strong Entrepreneurship Spirit among The Youths and To Reform The Mentality of our Youths Whose Dream of A Career and Ambition Have Been Disrupted Due To Economic or Financial Reason and Diverted Into Various dubious and illegal Means of Succeeding, Into a More Productive, Creative and Business Mindset By Laying a Brighter Part of The Fulfillment Of Their Mission Through our Various Empowerment Training Program.
1. Ability to see financial opportunities and take it. 2. Ability to start new business ventures 3. Ability to create employment opportunities 4. Ability to find a needs and to fill it 5. Ability to introduce new products and services to the market 6. Ability to recognize & seize diverse opportunities for financial gain 7. Ability to build personal wealth legally What you will learn from this Training !
Objectives of YOUCAN! INNOVATIVE Training In Nigeria
To Offer Functional Education For The Youths That Will Help Them To Be Self-Reliant.
To Provide Adequate Training That Will Enable Youths To Be Creative And Innovative In Identifying Novel Business Opportunities.
=> To Serve As a Catalyst For Economic Growth and Development. => To Reduce High Rule of Poverty In Our Country.
To Provide The Youths Enough Training and Support That Will Enable Them To Establish A Career In Small and Medium Size Businesses.
Meaning Of Entrepreneurship Entrepreneurship is simply the practice of starting a new business ventures
WHO IS AN ENTREPRENEUR ? An Entrepreneur is an individual who initiates new business idea, accept financial risk and undertakes new financial ventures
Reasons For Entrepreneurship In Our Economy
Entrepreneurs Create Business That Hire People Reasons For Entrepreneurship In Our Economy
Entrepreneurs Pay Taxes Into The National Account Reasons For Entrepreneurship In Our Economy
Entrepreneurs Create Demand For Products Which In Turn Create Jobs and Other Businesses Reasons For Entrepreneurship In Our Economy
Entrepreneurs Stimulate The Economy By Instilling Confidence In People Reasons For Entrepreneurship In Our Economy
SMALL SCALE BUSINESS
Small Scale Business account for 75%of all new jobs created and 61% of all wages employment
Small scale business is currently one of the fastest growing and important sectors as far as labor absorption and poverty reduction are concerned
WHAT IS SMALL SCALE BUSINESS ? Small scale business is a set of business which is usually owned and managed by the owner.
According to Central Bank of Nigeria In its monetary and credit guideline for 1996 fiscal year, defines Small scale Enterprise as one whose total cost excluding working capital does not exceed N10Million
IMPORTANCE OF SMALL SCALE BUSINESS IN NIGERIA
They provide immediate large scale employment
Mobilization of Capital and Entrepreneurial Skills
Regional Dispersal of Industries
Small Scale Business Give Room For Employment Generation
They Make use of Local Resources
They Balance Regional Development
Conservation Of Foreign Exchange
Small Scale Business Create Equitable Spread Of Income and Wealth
Supporting Large Scale Business and Contribute Towards National Income
Small Scale Business Increase Standard Of Living
PROBLEMS FACING SMALL SCALE BUSINESS (SMEs)
Poor Business Financing
INADEQUATE INFRASTRUCTURAL BASE => Unreliable Telecom Facilities => Poor state of Road Networks => Handicap Water Supply
LOW ENTREPRENEURIAL SKILLS
POOR GOVERNMENT POLICY IMPLEMENTATION
LACK OF CONTINUITY
POOR MANAGEMENT SKILLS
POOR ACCOUNTING SYSTEM
LACK OF RAW MATERIALS
UNSTABLE POLICY ENVIRONMENT
WRONG ATTITUDE OF ENTREPRENEURS & THEIR WORKERS
SUMMARY Small scale Business/Entrepreneurs are Known To Be The Bedrock for the most Successful Economy In The World Today. Let Us Be Part Of Creative Mind And Create More Enterprises.
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