Eneawaji Fortunatus Ukoima (Ph.D.) & Uduonyi O. Eminue
Department of Business Education
University of Uyo
Akwa-Ibom State, Nigeria.
Abstract.
The main purpose of this study was to determine the business plan development skills needs for capital accessibility by small business owners in Oron Local Government Area. Two research questions were answered and two null hypotheses were tested. A descriptive research design was used in the study. The population of the study was 739 respondents made up of 72 Business Educators and 667 small business owners. The sample of the study was 160 respondents made up of 60 Business Educators and 100 small business owners. The sampling technique adopted was convenience sampling. A researcher developed instrument titled “Business Plan. Development Skills Need for Capital Accessibility Questionnaire” (BPDSNCAQ) was used for data collection. The instrument was given to three subject experts for face validation. The internal consistency reliability of the instrument was determined using Cronbach’s Alpha which yielded a reliability coefficient index of 0.82. The data collected were analyzed using Improvement Need Index (INI) to establish the Performance Gap (PG) to answer the research questions. The two null hypotheses
were tested using independent t-test statistics at 0.05 significance. The findings of the study revealed that small business owners need business plan development skills in market research, operational analysis and financial forecasting for capital accessibility in Oron Local Government Area. Therefore, it is recommended among others that small business owners should undertake workshop on financial literacy to facilitate improvement in business plan development skills for capital accessibility.
Key words: Business Plan Development Skills Needs, Capital Accessibility and Small Business Own.
Get the full content here: Journal