The influence of environmental challenges on small scale businesses in bauchi central market

Abstract

Purpose - This study is to identify the influence of environmental challenges in small scale businesses performance in Bauchi. Environmental challenges are those factors that contribute either failure or success of small scale businesses. The study employed descriptive statistics and regression analysis to identify the influence of environmental challenges in SME’s. Design/methodology/approach - The population of the study is the entire small scale businesses owners operating in Bauchi central market. The sample size of this study was determined based on Taro Yamane’s formula of sample determination was employed to reduce the total population to a research sample. The survey questionnaire was administered and distributed to the respondent on the issue regarding the influence of environmental challenges on small scale businesses reducing the sample to (52). Findings - The find of the study discovered that lack of easy access to credit facilities, multiple taxations, poor market competitive advantage, and low volume of sales affects performance of small scale business in Bauchi Central Market. The result of this study would help both governmental and non-governmental organization (NGOs) and international agencies to assist the small scale business to address these challenges. Practical/Social implication - The study would assist the management and the policy maker’s for the urgent need for specific management practice to enhance the effectiveness and sustainability of small scale businesses in Bauchi central market. The study can also assist local entrepreneurs in formulating strategies that guide them against poor business performance. Originality/values -The examined setting is unique and contributes to several findings on environmental challenges of SSB and financial performance in Nigeria particularly in Bauchi.