1.0 Introduction
1.1 Background of the Study
Business centers are the starting point of industrial development and economic growth in many developed nations around the world that have reached or are approaching the pinnacle of development. Office functions now depend on various kinds of upgraded and standardized equipment thanks to technological advancements. Additionally, different phases and ideas for efficient communication both inside and outside the company have been developed. It makes it possible for a variety of computer-based systems, tools, and materials to accomplish the objectives set forth by an organization with regard to office functions, such as gathering, processing, and distributing 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 factors militating against the sectors developments, thus the need for research on this subject as this.
1.3 Aim and Objectives of Study
The aim of the study is to Survey of the Management Problems of Business Centres. In achieving this aim, the following specific objectives were laid out as follows:
- To determine whether lack of capital outlay inhibit the establishment of business centre.
- To know the effect government policies have on establishment business centers.
- To know if lack of raw materials is one of the problems
- To know if lack of machineries and equipment is one of the problems
- To know if land as one of the major factors in establishing of industry discourages people to set up business centers.
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.
1.4 Research Questions
The study came up with research questions so as to be able to ascertain the above stated objectives. The specific research questions for the study are stated below as follows:
- Does lack of capital outlay inhibit the establishment of business centers?
- What effects do government policies have on the establishment of Business centre in Awgu?
- What effect does lack of raw materials have on establishment of business centers in Awgu?
- What are the effects of land as one of the Major factors have in establishment of Business centre?
- What effect does lack of machineries/equipment have in establishing Business centers?
1.5 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.
1.6 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.
1.7 Limitations of the Study
During the course of this study, there were some problems encountered which stood as limitations to the research work. Some of the limitations include:
- Time Constraint:
The time frame given to accomplish this project was very short due to school academic calendar and it was carried out under pressure which made the researcher not to implement some necessary features.
- Financial Constraint:
Insufficient fund tends to impede the efficiency of the researcher in sourcing for the relevant materials, literature or information and in the process of data collection (internet).
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