PROBLEMS AND PROSPECTS OF OPERATING A SMALL SCALE BUSINESS

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PROBLEMS AND PROSPECTS OF OPERATING A SMALL SCALE BUSINESS

ABSTRACT

This research work is a very crucial study for the managers and prospective owners of Small Scale Hotel.  The study has motivated by the diminishing state of the hotels and also the prospects. To solve the research problem, both the primary and secondary data were collected.  The research instrument used in collecting the data were questionnaire, oral interview and field visits.  The respondents comprises of the owners, managers and workers Small Scale Hotels in Enugu. In organizing and presenting data collected, tables and percentages were used.  The various hypothesis were tested using the chi-square. Most of the respondents rated the performance of hotels as being below standard and easily sheet down. Most of the respondents rated the hotels and yielding profits with bright future. Most of the respondents between most operators of the hotel are illiterates, has little money and keep no records of business. Base on findings, the researcher recommend that: All hotels and prospects ones should study the proposed sight of their business before location. i.e. proper financial records should be kept e.g. the cash book