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Effect Of Feasibility Study In Achieving Small Scale Business Objectives

Download complete project materials on Effect Of Feasibility Study In Achieving Small Scale Business Objectives from chapter one to five

TABLE OF CONTENT

Title page

Certification

Dedication

Acknowledgements

Table of Content

CHAPTER ONE

1.0 Introduction

Background Of The Study

Statement of the Problem

Relevant Research Question

Objectives of the study

Statement of Hypothesis

Scope of the Study

Limitation of the Study

Definition of Terms

CHAPTER TWO

2.1.1 Meaning of feasibility study

2.1.2 The Importance of Carrying out a Feasibility Study of a Snack Bar

2.1.3 The Uses of Feasibility Report

2.1.4 Why Should the Small Business Owner Embark Upon a Feasibility Study

2.1.5ย  The Major Features of Feasibility Study for Small Business Enterprises

2.1.6ย  The Experts Who Writes the Feasibility Report

1 .7 Decision Making process in Feasibility Study

2.1.8 Graphical Illustration in Decision Making Process Feasibility Study (Business Plan)

2.1.9 Meaning of Small Scale Business

2.2.0ย  Historical Background of the Small Scale Business in Nigeria

2.2.1ย  National and Characteristic of Small Scale Business

2.2.2 Relevant Discussion on Small Scale Business Objective

2.2.3 The Problems and Prospects of Small Scale Business

2.2.4 Prospect

2.2.5 Relations Between Feasibility Study And Small Scale Business

CHAPTER THREE

3.0ย ย  Research Methodology

3.1ย ย ย  Historical Background Of The Mr. Biggs Barrv Ibrahim Taiwo Road Ilorin, Kwara State.

3.2ย ย  Organizational Structure (Headquater) Mr Biggs

3.3ย  Research Design

3.4ย  Population of The Study

3.5ย  Sample And Sampling Design

3.6ย  Data Collection Instrument

3.7ย  Administrative of Data Collection Instrument

3.8ย  Data Analysis Technique

3.9ย  Validity and Reliability Of Research Instruments

CHAPTER FOUR

4.0ย ย  Presentation, analysis and Interpretation of Data

CHAPTER FIVE

5.0ย ย  SUMMARYOF THE MAJOR FINDINGS, CONCLUSION ON AND RECOMMENDATION OF THE STUDY

5.1ย ย  Summary of the Study

5.2ย ย  Conclusion of the Study

5.3ย ย  Recommendation of the Study

References.

CHAPTER ONE

1.0ย ย  INTRODUCTION

1.1ย ย  BACKGROUND OF THE STUDY

Small business owners tend to over look the need to carry out a feasibility study before embarking on the business. They do not need to go through the vigorโ€™s of conducting a research. The small business owner fail to realize that planning is an essential ingredient to business success, irrespective of the size of business. But with the passage of time and development in the town and urban areas fast food business was carried out in hired premises such as kiosks by a few people, but due to the arrival expatiates in the 1900โ€™s, bukaterias replaced these kiosks which later transformed into snack bars, coffee and tea shop in the 1960โ€™s armed at serving office workers.

Also, with the growing emphasis on education, the roadside sellers and hawkers moved their business to catering for school children during break-periods.

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Thus, fast foods were offered for sale, most of the fast food out lets are being operated in unhygienic environment which contravenes the health regulations and food service; act of 1971. These out lets are mostly small scale business, because, they require low capital out lays, few number of employees and less technical requirement.

The fact food industry in Nigeria is a viable field of investment, in spite of the present economic predicament, if properly planned, developed and executed, it would no doubt be a great revenue earner for the investor.

Since fast food operate have become the thing and eating out is becoming popular in Nigeria. The need to carry out a feasibility study on the effective and efficient management of the business cannot be over emphasized.

1.2ย ย  STATEMENT OF THE PROPLEM

Why is there a need to carry out a feasibility ย  study for the establishment of only business?

The fast food industry is said to be one of the easiest forms of business of establishment. But most of those business outlets tend to fail within the first few years, mostly due to lack of planning, more often than not, they over look the need to ย scan the environment in terms of business strengths, weakness, opportunities and threats (SWOT ANALYSIS). Before embarking on the business.

Food intake is an inevitable activity in human race, specifically, entrepreneurs should devote more time and efforts to the feasibility research study; so as to identify potentials customers, their needs. The trends in the market and the technicalities involved in carrying out the business. This will give an insight to the profitability of the proposed business.

1.3ย ย  RELEVANT RESEARCH QESTIONS

What are the uses of feasibility study of the establishment of the snack bar?

Is the snack bar business a lucrative one?

Is the feasibility study a futile exercise?

Is the preparation of the feasibility study attributed to the educational qualification background of the entrepreneur?

how much does it cost to establishment of the business

What are the environmental factors affecting the business?

What are the likely solutions to the problems facing the snack bar business?

1.4 OBJECTIVES OF THE STUDY

The Primary objective to this research work was to determine feasibility study and business objectives of a snack bar business.

The other objectives are as follows:

Give an insight on the usefulness for the feasibility study for the snack bar business.

To provide information in the critical risks and problems facing the snack bar business and to proffer likely solution to the problem.

To identify the necessary requirements for the establishments of the business in relation to the contents of the feasibility report.

To give an insight on the profitability of the business as a result of carrying out a feasibility study.

STATEMENT OF HYPOTHESIS

The hypothesis that would be tested in the course of the study is tested below:

Ho: lack of credit facilities is not significantly responsible for small scale business in Nigeria.

Hi: lack of credit facilities is significantly responsible for small scale business in Nigeria.

SCOPE OF THE STUDY

This study concentrated on the activities of the snack bar of the fast food outlet with respect to the organic business functions such as marketing production, finance and personnel.

The study was limited to Mr. Biggโ€™s Ibrahim Taiwo Road, Ilorin. This study based its research on the snack bar as subject of the fast food outlets.

LIMITATION OF THE STUDY

The limitation of this study were the usual problems associated with survey research methodology such as the inability of the existing operators of the fast food outlets to give vital information on the activities of the business, especially relation to sales revenue, cost of production and profit earned i.e. there is high degree of secrecy by the operators.

Also, the low level of education of the respondents in the small scale business which did not give room for adequate use of quantitative research method.

Another major constraint was fund. Lack of fund to carry out the research and the limited time frame within the research was to be carried out

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