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.

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