Assessing the Performance of Small and Medium Scale Entrepreneurs in the Paint Manufacturing Sector

Afolabi, A.O. and Nworisa, J and Ojelabi, Rapheal A. and Ogundipe, K. E. (2021) Assessing the Performance of Small and Medium Scale Entrepreneurs in the Paint Manufacturing Sector. African Journal of Business and Economic Research, 2021. pp. 1-3.

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Abstract

The roles of small and medium scale enterprises (SMEs) in developing economies can be seen from the perspective of their ability to engender economic and equitable growth. However, many entrepreneurs in the paint industry’s micro, small, and medium enterprises struggle to survive, leading to their failure. This study aims to assess the performance of small and medium-scale entrepreneurs in the paint manufacturing sector to enhance their prospects. The study utilized a cross-sectional survey and an experimental research approach. The study was carried in Lagos and Ogun states, in Southwest Nigeria. The study revealed the challenges faced by small and medium-scale entrepreneurs in the production of paint. However, some drivers can assist these SMEs in producing paint products. By self-mixing the paint, the researchers understood the rigor in obtaining constituent materials and the facilities needed in the production process. Recommendations were made to entrepreneurs, policymakers, and the government to ensure sustainable economic growth fir SMEs in the paint industry.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory N Fine Arts > ND Painting T Technology > TH Building construction
Divisions:	Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment Faculty of Engineering, Science and Mathematics > School of Engineering Sciences Faculty of Law, Arts and Social Sciences > School of Art
Depositing User:	nwokealisi
Date Deposited:	15 Jun 2023 12:49
Last Modified:	15 Jun 2023 12:49
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/17039

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