Thesis Abstract

Small businesses play a crucial role in the economy, contributing to job creation and innovation. Effective management and operations are essential for the success and sustainability of small-scale businesses. This research project focuses on exploring the key principles of business administration and management for small businesses. The research will delve into the fundamental aspects of small business management, including planning, organizing, leading, and controlling. Strategic planning is vital for small businesses to set goals, define objectives, and outline strategies to achieve them. Organizing resources efficiently and effectively is crucial for small businesses to operate smoothly and achieve their goals. Leadership is a critical component of small business management, as strong leadership can motivate employees, foster a positive work environment, and drive business growth. Effective leadership involves inspiring and guiding employees, making sound decisions, and fostering innovation within the organization. Additionally, controlling processes and outcomes is essential for monitoring performance, identifying areas for improvement, and ensuring the business is on track to achieve its objectives. In addition to these fundamental management principles, the research will also explore the role of marketing, finance, and human resources in small business management. Marketing plays a key role in attracting customers, promoting products or services, and building brand awareness. Small businesses need to develop effective marketing strategies to reach their target audience and differentiate themselves from competitors. Financial management is crucial for small businesses to ensure financial stability and growth. Managing cash flow, budgeting, and financial planning are essential aspects of financial management for small businesses. Proper financial management can help small businesses make informed decisions, identify potential risks, and seize opportunities for growth. Human resource management is another critical component of small business management, as employees are valuable assets that drive business success. Recruiting, training, and retaining talented employees are essential for small businesses to build a skilled and dedicated workforce. Effective human resource management practices can enhance employee satisfaction, productivity, and overall business performance. Overall, this research project aims to provide valuable insights and practical guidance on effective management and operations for small-scale businesses. By understanding and implementing key principles of business administration and management, small business owners can enhance their competitiveness, drive growth, and achieve long-term success in today's dynamic business environment.

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.