The Factors That Have Hindered The Rapid Growth And Development Of Small Scale Enterprises.A Case Study Of Namaingo Town Council In Namaingo District.

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ABSTRACT This study assessed the factors that have hindered the rapid growth and development of small scale enterprises in Namaingo town council, to identify the causes of slow growth and development of small scale enterprise and to examine possible solutions to the slow growth and development of small scale enterprise of Namaingo town council in Namaingo district. The study took across sectional design where both qualitative and quantitative approaches were used in the study. The study used the qualitative data basing on facts that provided wide range of valid responses, no limits were put to respondents, many respondents participated at the same time and also enabled the researcher to understand first, and analyze and reveal data in a more meaningful way however, quantitative data was used to provide numerical analysis in terms of frequencies and percentage composition as way of measuring incidental effects or influences between different variables. A sample size of 50 respondents was used who were expected to provide reliable findings to the study questions administered to them. The study examined the cause of slow growth and development of small scale enterprise in Namaingo town council in Namaingo district and findings revealed that inadequate industrial education raining by the business owners to their employees, poor management and accounting practices. Higher transaction costs, lack of market opportunity, stiff competition among SMEs owners, lack of enabling environment like competition, inadequate management, like business knowledge, poor management, low level of technology, unfavorable government policies in form of heavy taxes, inadequate land for expansion, lack of improved infrastructure in form of roads and lack of market opportunity was also revealed among the contributing factors to the slow growth and development of SMEs. The study went ahead to assess the possible solutions that can aid in reducing slow growth and development of SMEs in Namaingo town council in Namaingo district. The findings and revealed the necessity of equitable allocation of raw-materials, improvement in techniques of production, Adequate funding through bank loans and subsidies. Government to emphasis export strategy to widen the market, improving the methods and techniques of production to rep-lace automated equipment, improving on government policies like imposing appropriate taxes giving subsidies and ensuring customer retention through building customer loyalty. 


Table of Contents

APPROVAL

DEDICATiON

ACKNOWLEDGEMENT Ii

ABSTRACT

1.0 INTRODUCTION

1 .1 Back ground of the study 1

1 .2 Capital employed 1

1 .3 Statement of problem 2

I .4 Purpose of the study 2

1.5 Objectives of the study 2

1 .6 Research question 3

1.7 Significance of the study 3

1 .8.0 Scope of the study 3

1.8.1 Subjectscope 3

I .8.2Time scope 3

1 .9 conceptual frameworks 5

CHAPTER TWO 6

LITERATURER REVIEW 6

2.0 Introduction 6

2.1 Definition of small scale enterprises 6

2.2 The level of capital employed by Small scale enterprises and their nature of annual turnover 7

2.3 Causes of slow growth and development of small scale enterprises 10

2.4 Possible strategies that can be put forward to enhance development of small - scale enterprises (SMES) 16 CHAPTER THREE 19

METHODOLOGY 19

3.0 Introduction 19

3.1 Research design 19

3.2 Study population 19

3.3 Sample size and selection 19

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APA

Research, S. (2022). The Factors That Have Hindered The Rapid Growth And Development Of Small Scale Enterprises.A Case Study Of Namaingo Town Council In Namaingo District.. Afribary. Retrieved from https://afribary.com/works/the-factors-that-have-hindered-the-rapid-growth-and-development-of-small-scale-enterprises-a-case-study-of-namaingo-town-council-in-namaingo-district

MLA 8th

Research, SSA "The Factors That Have Hindered The Rapid Growth And Development Of Small Scale Enterprises.A Case Study Of Namaingo Town Council In Namaingo District." Afribary. Afribary, 21 Aug. 2022, https://afribary.com/works/the-factors-that-have-hindered-the-rapid-growth-and-development-of-small-scale-enterprises-a-case-study-of-namaingo-town-council-in-namaingo-district. Accessed 01 Oct. 2022.

MLA7

Research, SSA . "The Factors That Have Hindered The Rapid Growth And Development Of Small Scale Enterprises.A Case Study Of Namaingo Town Council In Namaingo District.". Afribary, Afribary, 21 Aug. 2022. Web. 01 Oct. 2022. < https://afribary.com/works/the-factors-that-have-hindered-the-rapid-growth-and-development-of-small-scale-enterprises-a-case-study-of-namaingo-town-council-in-namaingo-district >.

Chicago

Research, SSA . "The Factors That Have Hindered The Rapid Growth And Development Of Small Scale Enterprises.A Case Study Of Namaingo Town Council In Namaingo District." Afribary (2022). Accessed October 01, 2022. https://afribary.com/works/the-factors-that-have-hindered-the-rapid-growth-and-development-of-small-scale-enterprises-a-case-study-of-namaingo-town-council-in-namaingo-district