Thesis Abstract

The abstract of the research is as follows This research project focuses on the management and operation of small-scale businesses in the field of business administration and management. Small businesses play a crucial role in the economy by contributing to job creation, innovation, and economic growth. However, many small businesses face challenges in effectively managing their operations due to limited resources and expertise. This study aims to explore the key principles and strategies that small business owners can implement to improve their management and operational processes. The research will investigate various aspects of small business management, including strategic planning, financial management, marketing, human resource management, and technology utilization. By examining best practices and case studies, this study will provide valuable insights and recommendations for small business owners to enhance their managerial skills and operational efficiency. Additionally, the research will emphasize the importance of effective leadership and decision-making in small businesses. Leadership plays a critical role in setting the vision and direction for the business, motivating employees, and fostering a positive work culture. Decision-making skills are essential for small business owners to navigate challenges, seize opportunities, and achieve their business objectives. Furthermore, the research will explore the role of technology in improving small business operations. Technology tools and systems can help streamline processes, enhance productivity, and provide valuable data insights for informed decision-making. Small business owners need to leverage technology effectively to stay competitive in the market and meet the evolving needs of customers. Overall, this research project aims to provide a comprehensive understanding of small business management and operations in the field of business administration and management. By identifying key success factors and practical strategies, this study will empower small business owners to overcome challenges, drive growth, and achieve long-term sustainability. The findings of this research will contribute to the existing literature on small business management and provide valuable guidance for practitioners, policymakers, and academics in the field.

Thesis Overview

1.1 Background To The Study

Small scale businesses are those businesses which are independently owned and operated requiring limited capital with few employee and non-sophisticated technology and which is not dominant in its field of operation. Small businesses constitute those sole proprietorships, privately owned corporations, partnershhips with fewer employees and less annual revenue than a regular-sized business or corporation. Types of small business include those engaged in trade and commercial activities, services, and small scale manufacturing .Examples  include service or retail operations such as delicatessens, hairdressers or convenience stores, small grocery stores, bakeries tradepeople (eg. carpenters, electricians), very small-scale manufacturing and Internet-related businesses. Small business can be started with very minimal capital  and without any formality .many small business are operated as family business and can be combined with regular employment. The research therefore seek to investigate the  Management and operation on small scale business (A case study of Textile unit

1.2 Objectives of the Study

To determine the nature of small scale business

To determine the Management and operation of small scale business (A case study of Textile unit

Small business can be started with very minimal capital and without any formality .many small business are operated as family business and can be combined with regular employment.

1.3 Research Questions

What is small scale business

What is the level of impact of the management and operation of small scale business?

1.4 Significance of the Study

The study shall appraise the nature , management and operation of small scale business which shall serve as a vital source of information to investors

1.5 Research Hypothesis

Ho The level of impact of the Management and operation of Textile unit small business is low

HI The level of impact of the Management and operation of Textile unit small business is high

1.6 Scope of the Study

The study focuses on the appraisal of Management and operation of small scale business with a case study Textile unit

1.7 Limitations of the Study

The study was confronted by some constraints including logistics and geographical factors.

1.8 Definition of Terms

SMALL BUSINESS DEFINED

Small scale businesses are those businesses which are independently owned and operated requiring limited capital with few employee and non sophisticated technology and which is not dominant in its field of operation. Small businesses constitute those sole proprietorships,  privately owned corporations, partnerships with fewer employees and less annual revenue than a regular-sized business or corporation.

FRANCHISE BUSINESS
Franchising is a way for small business owners to benefit from the economies of scale of the big corporation (franchiser). McDonald’s and subway are examples of a franchise. The small business owner can leverage a strong brand name and purchasing power of the larger company while keeping their own investment affordable

Retailers’ cooperative

A retailer’s cooperative is a type of cooperative which employs economies of scales on behalf of its retailer members. Retailers’ cooperatives use their purchasing power to acquire discounts from manufacturers and often share marketing expenses. It is common for locally owned grocery stores, hardware stores, and pharmacies to participate in retailers’ cooperatives. Ace Hardware, True Value and NAPA are examples of a retailers’ cooperative.