Six Critical Business Challenges and the Performance of Small Scale Business Enterprises in Bida Metropolis

MOHAMMED, T. HARUNA, MUSTAPHA N. MUSTAPHA & MUHAMMAD H. SHAFII

Department of Business Administration,

Federal Polytechnic, Bida

Email: harunatm1973@gmail.com    

ABSTRACT

Before now, there has been a continuous change of emphasis from the large scale industrial project to small scale industrial project. Thus, the result had always been a phenomenal growth in the number of small scale enterprise activities. This growth is mainly on account of people’s desire to be self-employed and be their own boss. But the challenges of managing small scale enterprises have today assumed a hydra headed dimensions. Thus, six critical business challenges affecting the performance of small scale business enterprises were studied in relation to Bida Metropolis. We found that Capital shortage and marketing comes first and last respectively. It was recommended among other things that stakeholders in the small scale business sector should be involved in policy formulation and implementation for them to be efficient and effective and also yield expected performance.

Keywords: Small Scale, Business, Enterprises, Challenges, Prospects, National Directorate of Employment