FINANCIAL PROBLEMS AND SURVIVAL STRATEGIES OF SMALL SCALE ENTERPRISES (A Case Study of Selected Small Scale Enterprise in Aguata Local Government Area of Anambra State)

ABSTRACT

The study was carried out to examine the financial Problems and Survival Strategies of Small Scale enterprise in Aguata Local Government Area of Anambra State. The purpose of the study is to find out the financial problems and survival strategies of small and medium scale enterprises. Four research questions and four null hypotheses were raised. The sample size was 133. Questionnaire was used to collect the data. Frequency tables, percentages, and z-test were used to analyse the four hypotheses. The result revealed that small and medium scale industry face a lot of financial problems and these problems is mainly as a result difficulty in raising capital. These problems have hampered its survival. In view of these findings the researcher made some recommendations to these problems.