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FACILITATOR USMAN.A. BAMIDELE
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ENTREPRENEURSHIP AND SMALL SCALE BUSINESS
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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.
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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 !
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Objectives of YOUCAN! INNOVATIVE Training In Nigeria
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To Offer Functional Education For The Youths That Will Help Them To Be Self-Reliant.
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To Provide Adequate Training That Will Enable Youths To Be Creative And Innovative In Identifying Novel Business Opportunities.
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=> To Serve As a Catalyst For Economic Growth and Development. => To Reduce High Rule of Poverty In Our Country.
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To Provide The Youths Enough Training and Support That Will Enable Them To Establish A Career In Small and Medium Size Businesses.
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Meaning Of Entrepreneurship Entrepreneurship is simply the practice of starting a new business ventures
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WHO IS AN ENTREPRENEUR ? An Entrepreneur is an individual who initiates new business idea, accept financial risk and undertakes new financial ventures
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Reasons For Entrepreneurship In Our Economy
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Entrepreneurs Create Business That Hire People Reasons For Entrepreneurship In Our Economy
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Entrepreneurs Pay Taxes Into The National Account Reasons For Entrepreneurship In Our Economy
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Entrepreneurs Create Demand For Products Which In Turn Create Jobs and Other Businesses Reasons For Entrepreneurship In Our Economy
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Entrepreneurs Stimulate The Economy By Instilling Confidence In People Reasons For Entrepreneurship In Our Economy
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SMALL SCALE BUSINESS
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Small Scale Business account for 75%of all new jobs created and 61% of all wages employment
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Small scale business is currently one of the fastest growing and important sectors as far as labor absorption and poverty reduction are concerned
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WHAT IS SMALL SCALE BUSINESS ? Small scale business is a set of business which is usually owned and managed by the owner.
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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
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IMPORTANCE OF SMALL SCALE BUSINESS IN NIGERIA
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They provide immediate large scale employment
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Mobilization of Capital and Entrepreneurial Skills
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Regional Dispersal of Industries
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Small Scale Business Give Room For Employment Generation
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They Make use of Local Resources
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They Balance Regional Development
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Conservation Of Foreign Exchange
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Small Scale Business Create Equitable Spread Of Income and Wealth
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Supporting Large Scale Business and Contribute Towards National Income
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Small Scale Business Increase Standard Of Living
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PROBLEMS FACING SMALL SCALE BUSINESS (SMEs)
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Poor Business Financing
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INADEQUATE INFRASTRUCTURAL BASE => Unreliable Telecom Facilities => Poor state of Road Networks => Handicap Water Supply
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LOW ENTREPRENEURIAL SKILLS
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POOR GOVERNMENT POLICY IMPLEMENTATION
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LACK OF CONTINUITY
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POOR MANAGEMENT SKILLS
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POOR ACCOUNTING SYSTEM
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LACK OF RAW MATERIALS
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UNSTABLE POLICY ENVIRONMENT
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WRONG ATTITUDE OF ENTREPRENEURS & THEIR WORKERS
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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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YOUCAN ! Innovative On Social Media Facebook @ “Youcan! Innovative” Twitter @ “youcani” Linkedin @ “Youcan! Innovative” You can also watch Youcan! Innovative Videos on Youtube
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