Performance Of Small Scale Enterprises Research Articles

E-payment Administration and the Growth of Small and Medium Enterprises (SMEs) in Southeast Nigeria: An Evaluation of Cashless Policy

Nigerian payment systems are cash based although the use of electronic payment system such as online banking services, automated teller machine services and the mobile banking services started gradually in 2011 with the introduction of cashless policy, which became operational in 2023. This study examined the impact of the cashless policy of the government on the performance of small-scale enterprises in Southeast – Nigeria. It explored the availability of required e-payment facilities, the effectiveness of e-payment administration, and the impact of cashless policy on the performance of SMEs in the region. Descriptive survey design and researcher’s designed questionnaire were adopted to generate data from 500 respondents that were randomly chosen from five states in southeast Nigeria, while statistics of percentages, and SPSS tools were used to analysis the data. Results of the analysis reveal inadequate supply of e-payment facilities and lack of IT skills for managing e-payment transactions among majority of the respondents. In addition, it revealed the ineffectiveness of e-payment system in the management of SMEs with significant negative impact on the performances of SMEs in southeast Nigeria. Among others, the paper recommends awareness creation and sensitization about the cashless economy, and adequate provision or the modernisation of e-payment facilities to ensure the effectiveness of the policy.

Effect of Macro-Environmental Factors and the Performance of Small-Scale Enterprises in South East, Nigeria

Effect of Macro-Environmental Factors and the Performance of Small-Scale Enterprises in South East, Nigeria

Performance of SMEs: A Special Focus on Small Size Businesses (SSBs) Determinants of Growth at the Tangail Using Logistic Regression

Small scale enterprises (SMEs) take possession of dominant position in any developing countries like Bangladesh. Small scale enterprises (SMEs) specially focused on the study of Small scale business (SSBs) at tangail which is significant contribution of countries economy where density of population is very high because it offers large number of employment generation opportunities and income generation at low cost which is reduction poverty. Considering the importance this study has strived to identify those were collecting primary data which is statistically significant. First using educational level of entrepreneur’s, loan facilities,’ sector of loan collecting, employment generation and poverty reduction analyze frequency of statistics and later using logistic regression determinant of gross profits, asset growth at tangail district. The study shows that entrepreneurs of SSBs 82% influences of profit rising by educational levels and ownership of business is 58% and 72% profits rising when loan facilities of SSBs.

Online Marketing and the Performance of Small-Scale Enterprises in Nigeria: A Study of Selected SMEs in Ikeja, Lagos State, Nigeria

The study investigated Online Marketing and the Performance of Small and medium scale enterprises in Ikeja Local Government Area of Lagos State. Survey research design was employed for the study where 142 respondents (sample size) from the selected total estimated population of 221 SMEs for the study area and were gathered using structured questionnaire. Their responses were tested using appropriate statistical tools of SPSS package using the ANOVA, the correlation, and the regression too. Our study revealed that the Online Marketing affected the performance of SME positively which has allowed youths to be self-employed and created economic growth and regional development. Therefore, the study recommended that solving the performance of SME development can be single handedly done using Online Marketing. Hypothesis one shows correlation (r) value = 66.6% (0.666), at the P value of < 0.05, which shows that the regression model was fit. Hypothesis two shows that R2 of 0.452, and value of P > 0.05, adjusted R2 = 0.446, R2 measures the percentage of variation in the dependent variable caused by variation in the independent variable. This research provides recommendations extracted from findings that, businesses need to develop indigenous technology; new products or processes based on innovations; seek, commercialize or exploit new technology ideas to meet market needs, customer expectations/preferences and consumer demands and identify market opportunities.

Assessing the Effect of Financial Literacy Among Managers on the Performance of Small-Scale Enterprises

The small-scale sub-sector continues to be a fundamental catalyst for job creation and economic growth in Ghana. About 35 per cent of labour is provided by the sub-sector and shows the importance of harnessing its potentials in developing the Ghanaian economy. It has been established that financial literacy has a significant influence on whether or not small-scale enterprises succeed. Yet, the exact effect of financial literacy on small-scale enterprise performance has not been fully identified in Ghana, hence the need for the present study. This study examines the effect of financial literacy (awareness, attitude and knowledge) of managers on the performance (financial and non-financial) of small-scale enterprises in the La Nkwantanang Madina Municipality of Ghana. Primary data were obtained from 200 small-scale managers through structured questionnaires. The data were analysed using structural equation model. The results revealed a significant effect of financial literacy on firm performance (both financial and non-financial performance). Also, all the three components of financial literacy (awareness, attitude and knowledge) have a significant positive effect on both financial and non-financial performance. However, individual characteristics (age of the individual, educational level and experience) have no significant effect on financial performance, whereas tax becomes useful when used as a regulatory tool of small enterprises. Capacity building programmes are therefore recommended to increase financial literacy among managers/owners of small-scale enterprises.

Performance of SSES in Production Functional Area-An Overview

Nature of production also affects the health or otherwise of industrial enterprises. Depending upon the nature of market, it can be divided into continuous, seasonal or intermittent. This study explores performance of Small Scale Enterprises in production functional area in India. It is found that duration of dullness of business varied from one industrial category to another and even in the same category between healthy and sick SSEs in Andhra Pradesh. 80 per cent of healthy and 26 per cent of sick SSEs have had dullness ranging from 0-6 months, 16 per cent of healthy and 23 per cent of sick experienced dullness ranging from 6-12 months, 26 per cent of sick faced dullness for a duration of 12-24 months and 25 per cent of sick experienced dullness for a period exceeding 24 months. It is evident that dullness for short spells resulted only in fluctuations in profits, but not resulted in sickness, but dullness for a period exceeding 12-24 months as in Basic Metals and Paper & Paper Products and for a period exceeding 24 months as in Food Products & Processing and Textiles, spelt real disaster pushing them into sickness.

A study of micro finance institution’s role in developing the small scale enterprises of Ethiopia

This study was conducted in Gedio zone small scale enterprise financed by micro finance institution. The main objective the study was to evaluate and determine the factor that determines loan repayment performance of small scale enterprise financed by yirgachefeMFI. For the success of the study both primary and secondary data were collected to determine the loan repayment performance of small scale enterprises in Gedio zone. Questionnaire were administered to 50 borrower and manager of MFI. The data gathered are tabulated and interpreted for ease of analysis and suitability for the reader.

Government Antipoverty Programmes and Small and Medium Enterprises Performance in Nigeria

Over the years the Nigerian government has come up with a number of antipoverty programmes aimed at fighting poverty by financing her growth induced sector- SMEs, yet, the country is still witnessing rising levels of poverty, corruption, unemployment, low human capital development, inadequate commercial bank credit, high lending rate and low standard of education, thus, affecting the performance of small scale enterprises. In other to address the conundrum, this study examines the effect of government antipoverty programmes on small and medium enterprises’ performance in Nigeria using econometric regression model of the Ordinary Least Square (OLS). From the regression analysis, the result showed that government antipoverty programmes, corruption, unemployment, human capital development, capital, lending rate and education conformed to the a priori expectations of the study and were statistically significant in explaining the SMEs’ performance in Nigeria. The study recommends that: In order to enhance the success of government antipoverty programmes in Nigeria, the programme should be implemented through the local government on the platform of cooperative societies so that the target population will benefit from it. A blueprint for handling corrupt officials should be embedded in the policy framework of the programme before implementation. The programme should be targeted at unemployed youths with real identity rather than sinking back the funds into the pockets of corrupt officials. Every intending beneficiary should be subjected to training/skill acquisition programme and occasional workshop in the line of trade he/she wants to venture into. Adequate funding at a good lending rate should be provided for any beneficiary of the programme in order to enhance the performance of the business in Nigeria.

Influence of Strategic Management Practices On Performance of Small Scale Enterprises in the County Government of Trans Nzoia County

Influence of Strategic Management Practices On Performance of Small Scale Enterprises in the County Government of Trans Nzoia County

Debt management and the performance of small scale enterprises in the Kumasi metropolis of Ghana

This study investigated how debt management impacts the performance of small scale enterprises in the Kumasi Metropolis of Ghana. In total, 120 small scale enterprises were interviewed. The study showed that most small scale businesses lacked in-depth knowledge on the issue of debt management. The study further revealed that the major cause of debts among small scale businesses were lack of advice on the business type and finances, lack of knowledge on the type of business and poor methods of keeping financial records. The study therefore recommends that Small scale businesses must hire financial experts to help them manage their businesses through prudent record keeping. Moreover, it argues that small scale businesses should work within their budgets in order to avoid higher expenditure and subsequent incurring of debts which could be detrimental to the running of their business. It posits that financial institutions should strive to give expert advice on business management to their clients.

The Impact of Micro-Finance on the Performance of Small-Scale Enterprises: A Comparison of Sinapi Aba Trust and Maata-N-Tudu Associations in Wa Municipality, Ghana

Literature on the impact of micro-finance institutions (MFIs) on small and medium scale enterprises (SMEs) is still fraught with inconsistent results, with some concluding on positive impacts while others reporting negative impacts. This paper therefore sets out to assess the impact that the study-MFIs are making on their SMEs-client in the Wa Municipality. The withand- without approach, coupled with a quasi-longitudinal approach was employed for the study. Data were gathered from the study-MFIs’ documents and questionnaire administration. Simple percentage change was used as a measure of growth of mean sales revenue. Analysis of variance (ANOVA), Spearman’s correlation coefficient (r) and coefficient of determination were also used in the analyses, with various hypotheses tests. It is concluded that the study-MFIs make positive impacts on the mean sales revenues of their client – SMEs, with great differences between those of SAT and MTA clients on the one hand and those of the control group on the other. A slight difference that exists between the two study-MFIs was accounted for by differences in their management approaches. A strong positive correlation exists between average sales revenue on one hand and micro loans, level of education and training on the other. Keywords : Small-scale Enterprises, Micro-Financing, Micro-Credit, Sales Revenue, Impact

IMPACT OF SOCIO-ECONOMIC FACTORS ON THE PERFORMANCE OF SMALL-SCALE ENTERPRISES IN OSUN STATE, NIGERIA

This study examined the impact of socio-economic characteristics on the performance of small-scale enterprises in the study area. It also identified the salient impacts of socio-economic traits on the development and expansion of small-scale enterprises in the country; established the productive prospects of progressive small-scale enterprises in the study area. The study was carried out in Osogbo, Osun State, Nigeria where copies of structured questionnaire were purposively administered on selected respondents. Evidence from the study shows that socio-economic characteristics of small scale entrepreneurs tend to influence the performance and productivity of Small Scale Enterprises in Nigeria.Further analysis shows that gender, age and educational qualification had significant influence on the performance of the selected small-scale enterprises in the study area . The paper suggests integrated approach to the development of individual entrepreneurial capacity and promotion of sustainable small-scale enterprises.