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FACILITATOR USMAN.A. BAMIDELE ENTREPRENEURSHIP AND SMALL SCALE BUSINESS.

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Presentation on theme: "FACILITATOR USMAN.A. BAMIDELE ENTREPRENEURSHIP AND SMALL SCALE BUSINESS."— Presentation transcript:

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2 FACILITATOR USMAN.A. BAMIDELE

3 ENTREPRENEURSHIP AND SMALL SCALE BUSINESS

4 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.

5 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 !

6 Objectives of YOUCAN! INNOVATIVE Training In Nigeria

7 To Offer Functional Education For The Youths That Will Help Them To Be Self-Reliant.

8 To Provide Adequate Training That Will Enable Youths To Be Creative And Innovative In Identifying Novel Business Opportunities.

9 => To Serve As a Catalyst For Economic Growth and Development. => To Reduce High Rule of Poverty In Our Country.

10 To Provide The Youths Enough Training and Support That Will Enable Them To Establish A Career In Small and Medium Size Businesses.

11 Meaning Of Entrepreneurship Entrepreneurship is simply the practice of starting a new business ventures

12 WHO IS AN ENTREPRENEUR ? An Entrepreneur is an individual who initiates new business idea, accept financial risk and undertakes new financial ventures

13 Reasons For Entrepreneurship In Our Economy

14 Entrepreneurs Create Business That Hire People Reasons For Entrepreneurship In Our Economy

15 Entrepreneurs Pay Taxes Into The National Account Reasons For Entrepreneurship In Our Economy

16 Entrepreneurs Create Demand For Products Which In Turn Create Jobs and Other Businesses Reasons For Entrepreneurship In Our Economy

17 Entrepreneurs Stimulate The Economy By Instilling Confidence In People Reasons For Entrepreneurship In Our Economy

18 SMALL SCALE BUSINESS

19 Small Scale Business account for 75%of all new jobs created and 61% of all wages employment

20 Small scale business is currently one of the fastest growing and important sectors as far as labor absorption and poverty reduction are concerned

21 WHAT IS SMALL SCALE BUSINESS ? Small scale business is a set of business which is usually owned and managed by the owner.

22 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

23 IMPORTANCE OF SMALL SCALE BUSINESS IN NIGERIA

24 They provide immediate large scale employment

25 Mobilization of Capital and Entrepreneurial Skills

26 Regional Dispersal of Industries

27 Small Scale Business Give Room For Employment Generation

28 They Make use of Local Resources

29 They Balance Regional Development

30 Conservation Of Foreign Exchange

31 Small Scale Business Create Equitable Spread Of Income and Wealth

32 Supporting Large Scale Business and Contribute Towards National Income

33 Small Scale Business Increase Standard Of Living

34 PROBLEMS FACING SMALL SCALE BUSINESS (SMEs)

35 Poor Business Financing

36 INADEQUATE INFRASTRUCTURAL BASE => Unreliable Telecom Facilities => Poor state of Road Networks => Handicap Water Supply

37 LOW ENTREPRENEURIAL SKILLS

38 POOR GOVERNMENT POLICY IMPLEMENTATION

39 LACK OF CONTINUITY

40 POOR MANAGEMENT SKILLS

41 POOR ACCOUNTING SYSTEM

42 LACK OF RAW MATERIALS

43 UNSTABLE POLICY ENVIRONMENT

44 WRONG ATTITUDE OF ENTREPRENEURS & THEIR WORKERS

45 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.

46 YOUCAN ! Innovative On Social Media “Youcan! Innovative” “youcani” “Youcan! Innovative” You can also watch Youcan! Innovative Videos on Youtube

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