The world economics fall of the early years cause a quick fall of the Nigeria economic. The output shrank to all time local and commercial activities, which were consequently reduced, leading to the loss of employment opportunities in the country, this situation of unemployment in the country therefore calls for entrepreneurship in Nigeria economy which will lead to entrepreneurial development in the higher institution. However, at this juncture a brief history of entrepreneurship in Nigeria will give more insight on the study. The actual potential entrepreneurs may not need to be given a fish but rather information on how to catch a fish because information is the greatest asset you need. Statistics have it that African is the poorest in the world and also the less developed continent. Many state owned enterprises (firms) in Enugu urban were created when it was believed that the fastest route to development occurred when the state took on the roles of entrepreneurs Although Enugu urban was at one time characteristerized by such inefficiency, but has recently pursed entrepreneurship encouragement policies. And these policies have been successful. Nigeria is still ploughed by many development problems preliminary evidence suggests a favorable respond by the private sector to the new entrepreneurial opportunity.
Even though there is only limited consensus about the characteristics of entrepreneurship. The concept is now very old as the formal discipline of economic itself early 18th
century, French economist named Richard Canadian first introduced the terms entrepreneur in this coritting he formally described the entrepreneur as the agent who buys the means of production at certain prices in order to combine them into new product- A French economist J.B added the definition by including the idea that the entrepreneurs have to be leaders, is also the one who build a single product organism Schumpeter (1951)The necessity of entrepreneurship for productivity was formally organized by Alfred marshal in (1990) his famous practice principle of economic marital ascertain that there are four factors of production, land, labour capital and organization which are utilized by an entrepreneur.
Entrepreneur can be seen as the willingness and ability of an individual to seek out investment opportunities, establish and run an enterprise successfully. Hence early entrepreneurs were characterized with production and manufacturing. In this case, the producers most often started with trade by barter even before the advent of money however, modern entrepreneurship in Nigeria sated with the coming of the colonial masters, who brought in their wears and max Nigerians their middlemen. In these way modern entrepreneurs was conceived. Most of the modern entrepreneurs were engaged in retail trade or sole proprietorship.
When comparing entrepreneurship development in Enugu urban with other towns started on the same platform as Enugu with trade by barter and then advanced to their present state of economic growth- those towns are faster in their development of entrepreneurship then Enugu urban why this differences?
This research work will find out to these effects
The scope of this study is restricted to the Impact of Entrepreneurial Development on the economic development of a state with regard to two selected firms in Enugu urban which includes.
For the purpose of presenting a good research work, some fundamental questions, bordering on the already fact problem were ask.
in your firms?
The importance of the study cannot be over emphasized, since it is expected to affect our economy and also increase the creation of job opportunities in the country especially in Enugu state. How ever, this project when conducted will be of immense benefit to the following:
-The Nigeria economic in general
-The small scale industries
-The general public
-Creation of job opportunities in the state also there will be increase in the managerial skills.
The study is limited to the benefits and Impact of Entrepreneurial development with special attention to Enugu urban.
Besides, in the course of conducting the research, there are some hindrances like not having enough materials to research on.
Also, the research is faced with time constraints as it has an effect on our study time in the framework of our school as assignment and quizzes. Also, finance is another limiting factor that will hinder the completion of this research work.
The following terms used in this study should be taken to mean the following:
This is a manufacture processing or services industry involved in a factory or production type of operations, employing up to fifty (50) full time workers, it also stated, the government are encouraging people to establish their own small enterprises to reduce the problem of unemployment in the state and also reduce the rate of importation of goods, more so to produce exportable products.
They are one of the agencies which provide loans to graduates for the operation of small scale business.
Is the combination of one or more of the elements it chooses to use to communicate its offering to the market. Promotion has the objective informing, persuading and reminding. It forms the potential buyer about the alienability and nature of products.
The elements or tools that make up promotional tools are: