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Consultancy Service For Small Scale Business
[A CASE STUDY OF EZAD NIG LTD ALGBADO LAGOS]
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1.7 DEFINITION OF KEY CONCEPT/TERMS SMALL BUSINESS
Cama (1990) section 352 sub-section it gives us an insight into company or business that are qualified as small company. The section states that for a business to be viewed as small business it must. Fulful the following conditions.
1. Be a private company
2. Has a turnover of not more than N2m or an amount fixed by the CAC (corporate affair commission)
3. The net asset value is not more than N1m or such an amount specified by CAC.
4. None of the member is a foreigner
5. That it is not owned by government, or its agencies.
6. That the directive between themselves own nothing less than 5% of the equity share of the company.
CONSULTANT:
These are the person that provide active and training to small business owner they are known as advisors.
CONSULTANCY SERVICES
These are the service, training or assistance render or given to small business enterprises.
CLIENTS
These are the person that receive the services or assistance rendered by the consultant. They can also be referred to as small business owners.
DEVELOPMENT AGENCIES:
This may be government and other organization that are interest in extending various modern techniques in developing countries not because they are making money by selling them but their use would benefit the people
VOLUNTARY ORGANIZATION
These are organization that volunteers themselves in training small business.
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