International Journal of Research and Innovation in Social Science (IJRISS) |Volume VI, Issue X, October 2022|ISSN 2454-6186
Influence of Small-Scale Business Skills on Employment Generation in Bayelsa State
Paul B. IGBONGIDI, PhD
Department of Vocational and Technology Education,
Niger Delta University, Wilberforce Island, Bayelsa State, Nigeria
Abstract: The study assessed the influence and prospects of small-scale business skills on employment generation in Bayelsa State. Two research questions were formulated and the study adopted a descriptive research design for the study. Using 1,200 small-scale businesses as the population while a sample size of 120 registered operators of Small-scale businesses in Yenagoa Local Government Area was randomly selected, the instrument used for the study was a questionnaire which was validated by three lecturers in the Department of Vocational Teacher Education, University of Nigeria, Nsukka. Reliability of the instrument was carried out on 20 small-scale business owners in Amassoma that were not part of the population and the method of data analysis used was Mean and Standard Deviation. The study showed that accounting skills and managerial skills can be used by owners of Small-scale businesses to enhance their employability. In Conclusion, it was observed that accounting and managerial skills can make owners of small-scale businesses become well informed in keeping fundamental accounting records and management planning for effective profitability of their business ventures. It was recommended that Strong awareness campaign, Workshops and seminars would help owners of Small-scale businesses to acquire skills in Small-scale and business education.
Keywords: Small-scale Business, Skills, Employment generation,
I. INTRODUCTION
Graduates with competent and marketable talents who would have revolutionised economies are no longer easily able to acquire jobs that will allow them to support themselves and make a positive contribution to the local community. In other situations where graduates are capable of starting their firms, the problem of competitive trade affects those enterprises, which makes it difficult for those businesses to survive. In this regard, the Nigerian government developed strategies to help graduates become self-sufficient and reliant in a country with rising unemployment (Brenard, 2008).
According to Richards (2016), a small-scale enterprise is a company that has fewer employees and lower sales. These businesses are typically privately held and run as partnerships, corporations, or sole proprietorships. By industry and nation, small businesses are defined differently by the law. According to the U.S. Small Business Administration, small businesses typically employ less than 500 people in non-manufacturing industries for 12 months. Any person who is on a company’s payroll is regarded as an employee. However, according to Australia’s Fair Work Act, small small-scale is defined as having less than 15 employees on its payroll. According to the Small Business Act of Europe, small businesses are defined as