Accounting and management problems of small scale industries in imo state

Thesis Overview

<p> </p><p><strong>1.0 INTRODUCTION</strong></p><p><strong>1.1 BACKGROUND OF THE STUDY</strong></p><p>Histories of various developed countries have shown that industrial revolution had been the main cause for their economic survival. Their great financial strength have come principally through the acquisition of industrial and technological power. Small – scale industries undisputedly constitute the bedrock for any meaningful industrial development and for the acquisition of this industrial and technological power.</p><p>Without exception, all big industrial organization be they multi – national or indigenous, started in a small way. Small scale industrial set – ups abound, but most of them are buying and selling outfits. Considering the economic situation in the country, the entrepreneurs in the state, now more than ever need to branch out into some other areas outside buying and selling. One would appreciate the fact that one can make quicker and more money by buying and selling. But this is only for a short term investment in the production of goods (manufacturing), though it has a longer payback period ensures a longer lasting profit. This could not only be a safer investment for the entrepreneur in the long run, but it is also a sure way of providing employment for our teeming high school and university graduates.</p><p>The Nigerian economy in the last two decades has passed through various stages. From the oil boom era of the seventies to the period of wasteful spending and painlessness of the early eighties and the present economic down turn.</p><p>One must appreciate the fact that the survival of the sole proprietor in the Nigerian economy today would depend of his initiative, drive and quick adaptation to the environment. The</p> <br><p></p>