CALVINDOL
VIP Contributor
Sometimes when individual reside in a country where unemployment is high in rate some of these individuals turn to the establishment of small-scale businesses so as to fend and Carter for their needs and wants and even that of their family members and relatives . For example in Nigeria, there is absolutely no major road, local Street, feeder road that you can possibly come across that you won't see a small-scale business because they are scattered almost everywhere . Small scale businesses enjoys a whole lot of benefits, merits, and advantage but yet we cannot regulate the whole lot of disadvantage and demerits faced by small scale business owners . One of the common problems faced by small business owners is the problem of insufficient funds to expand the business . Small scale businesses find it very hard to expand their business , and that is because most members of the public usually neglect this set of businesses but rather go to patronize large-scale ones .
Another problem faced by small scale business owner, is literally the problem of encountering too many competitors and business rivals . In a country like Nigeria were almost everywhere is filled with small-scale businesses. Small scale business owners are more likely to encounter similar small-scale business owners carrying out similar business activities and practices possibly in the same street or in the same environment which bring in some sort of competitive atmosphere.
Another problem faced by small scale business owner, is literally the problem of encountering too many competitors and business rivals . In a country like Nigeria were almost everywhere is filled with small-scale businesses. Small scale business owners are more likely to encounter similar small-scale business owners carrying out similar business activities and practices possibly in the same street or in the same environment which bring in some sort of competitive atmosphere.