CHAPTER ONE
INTRODUCTION
1.1 Background of the Study:
Many advanced countries of the world that have attained or are attaining the peak of their industrial development and economic growth began with business centers.
Technology has evolved the functions of the office to rely on different types of improved and standardized equipment. It has also devised varied stages and concepts for effective communication within and outside the organization. It enables the host of system, equipment and materials essentially computer-based to achieve the set goals of an organization in relation to the function of office such as obtaining storing processing and distribution of information.
Business centers serve as centers of information, such centers take in, process, store and relay data and messages in different situation such as financing, marketing, building, manufacturing, servicing or advising so as to enable the different types of people tom function in their jobs.
Some time ago, this set ups were neglected in our economic sectors. But in recent times, due to unemployment trend in our country, business centers have started to grow in all aspects of our economy.
According to Omordion (1970), “it is dominated that the industrial sector in most countries in terms of the number and employment. There simply can be no doubt whatsoever that the business centers constitute the real fabric of the nation’s economy.
Government of most nations particularly in the development countries have started recognizing this new shift with great enthusiasm as against their former policies of capital intensive.
It is in recognition of this positive bearing of business centers in national development that Nigerian governments both federal, state and local are now mounting series of programmes designed to sensitize and stimulate the people into appreciating the impact of business centers in out national economy, going through the positive effects which increased activity of business centers could have on the national economy, it will be clear that it is mostly for national policy which encourage establishment of business centers and through this enterprises the nation realize long run betterment of hr balance of payment position.
Starting of one-man business is venturing into the known, which if fraught with many problems.
In realization of this obvious fat and the importance of this category of
business to our national economic growth, the study therefore studies some of
the peculiar factors hindering industrialization Enugu state n terms of business
centers.
1.2 STATEMENT OF PROBLEM
Being a paid employee now in the country is a very risky business
because country is a very risky business because of the state of the Nigeria economic which is not stable. This has motivated both government (Federal, stage, and local governments.) as well as individuals to focus their interest on business centers development. At least, it will solve the problem of unemployment for the owner and create some employment opportunities for others.
But to their dismay, the venture, which they thought to be a profit one seem not to break even probably because of lack of financial and administrative acumen.
Oshogbemi, (1979) maintained that the enthusiasm not-with-standing, only very few individuals succeed in establishing their own business centers. This shows that the dynamics role of business centers in our national economic progress and the motivation of entrepreneurs are not being realized.
Realizing the prospects of business centre development to any developing nation such as ours, the fundamental quest that arises is how can the dynamic role of this sub-sector be more effectively and economically enhance?
It is therefore important to create serious awareness among the people with more emphasis on business centers as best alternative trade.
Most importantly, there is need to find the possible fctors militing against the sectors developments, thus the need for research on this subject as this.
1.3 Purpose of the study
Therefore, this research work is designed to find out the following:
a. Whether lack of capital outlay inhibit the establishment of business centre.
b. To know the effect government policies have on establishment business centers.
c. To know if lack of raw materials is one of the problems
d. To know if land as one of the major factors in establishing of industry discourages people to set up business centers.
e. To know if lack of machineries and equipment is one of the problems
Another aim of this study is to identify the core problems that hinder people from establishing their own business centre in Awgu local government area of Enugu state . Also, how the result of this will benefit the people who own the business centers.
How it can also benefit the entire Enugu and more so, those who manage the business or about to engage in one
1.3 Scope of study:
This research project cover the problem, of establishing business centers
with particular reference to at least ten (10) business centers in Awgu and its satellites towns of Awgu town, Mgbowo, Mmaku, Agbogugu, Ihe, Owelli-Court, Ugbo, Ogugu, Ituku, and Isu – Awaa.
1.5 Research Question
To satisfy the inquiring nature of this study the following questions will be answered.
A. Does lack of capital outlay inhibit the establishment of business centers?
B. What effects do government policies have on the establishment of Business centre in Awgu
C. What effect does lack of raw materials have on establishment of business centers in Awgu?
D. What are the effects of land as one of the Major factors have in establishment of Business centre?
E. What effect does lack of machineries/equipment have in establishing Business centers?
1.7 Significance of the study:
Business centre ownership is the shortest route to the acquisition of
capital and of course participation and contribution towards the economic, social, political and industrial growth of any nation-Enugu state in particular.
This research will enable any person who may read it to appreciate what business centre are, benefit of it, the expected problem a entrant may encounter and finally, proffering possible solutions to the problems.
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