Effect of Entrepreneurial Practices in Managing Small Scale Business for Sustainable Development in Nigeria: An Empirical Evidence

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dc.contributor.authorIsiaka, S. B.
dc.contributor.authorKadiri, I. B.
dc.contributor.authorSaliman, A.
dc.contributor.authorAlabi, A. T.
dc.date.accessioned2021-05-21T10:59:27Z
dc.date.available2021-05-21T10:59:27Z
dc.date.issued2017
dc.description.abstractThe business sector has become one of the most important means to achieve the Sustainable Development Goals in most countries including Nigeria. Managing small business through Entrepreneurial practices as well as the reasons for Business failure in business environment has become issues in Nigeria context. Problems, prospects, and significance of entrepreneurship business in Nigeria were analyzed. The study used secondary data, some which are previous researches and analyses of scholars; and related journal articles. Findings shown that most SMEs particularly in Nigeria liquidated within their first five years of their operations due to contributing factors such as insufficient capital, lack of focus, inadequate market research, over-concentration on one or two markets for finished products, and lack of succession plan. This has negative effect on sustainable development of the country. It is concluded that, the secret behind the success of self-reliant strategy is mainly in peoples’ positive attitudes to enterprise, and in the extent to which the right incentive, adequate enough to make risk worth taking rather than in any particular political philosophy. Therefore, it is recommended that for government to attain sustainable development through entrepreneurial practices in managing small scale business, should try as much as possible to provide a stable and conducive environment and hence organizations should ensure that human, capital and material resources are effectively utilized for developmenten_US
dc.identifier.citation19(4): 104-123en_US
dc.identifier.urihttps://uilspace.unilorin.edu.ng/handle/20.500.12484/5393
dc.language.isoenen_US
dc.publisherJournal of Sustainable Development in Africaen_US
dc.subjectEntrepreneurshipen_US
dc.subjectToolsen_US
dc.subjectBusinessen_US
dc.subjectReasonsen_US
dc.subjectInsufficient Capitalen_US
dc.subjectSuccession Planen_US
dc.subjectSMEen_US
dc.titleEffect of Entrepreneurial Practices in Managing Small Scale Business for Sustainable Development in Nigeria: An Empirical Evidenceen_US
dc.typeArticleen_US

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