FINANCIAL MANAGEMENT PRACTICES IN FAMILY-OWNED BUSINESSES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: FINANCIAL MANAGEMENT PRACTICES IN FAMILY-OWNED BUSINESSES
This study investigates financial management practices in family-owned businesses. Objectives include identifying unique financial challenges faced by family-owned businesses, evaluating effective financial management strategies, and assessing the impact of these practices on business performance. A survey research design is used to collect data from financial managers in family-owned businesses. Using Taro Yamane's formula, a sample size of 250 family-owned businesses in Lagos, Nigeria, was determined. The reliability coefficient score of the survey instrument is 0.88. Findings indicate that family-owned businesses face unique financial challenges, such as succession planning and resource allocation, but effective financial management practices can significantly enhance their performance. Recommendations include adopting formal financial management structures and practices to ensure long-term sustainability and growth.
Related Project Materials
AN ASSESSMENT OF LANDUSE PRACTICES INDUCING SEDIMENTATION IN KUSALLA RESERVOIR, KARAYE LOCAL GOVERNMENT AREA, KANO STATE NORTH WEST NIGERIA
ABSTRACT
The purpose of this study is to improve the productivity of the Kusalla reservoir towards a sustainable domestic water supply an...
EFFECTS OF INSTRUCTIONAL MATERIALS IN TEACHING AND LEARNING OF GOVERNMENT SECONDARY SCHOOLS
EXCERPT FROM THE STUDY
It should be noted that the extent and depth of research carried out on any specific instructiona...
PROBLEMS OF PROPERTY MANAGEMENT AND ITS SOLUTIONS IN NIGERIA
Abstract
Property management is a vital aspect of real estate profession. To a non-professional estate...
THE IMPACT OF VENTURE CAPITAL ON STARTUP GROWTH
ABSTRACT
THE IMPACT OF VENTURE CAPITAL ON STARTUP GROWTH
This study examines the impact of venture capital on startup growth wi...
THE IMPACT OF PROMOTION ON CONSUMER PATRONAGE OF PHARMACEUTICAL COMPANIES (A CASE STUDY OF GABBEY PHARMACY LIMITED ENUGU).
ABSTRACT
This research project is aimed at determining the impact of promotional strategies of pharmaceutical firms on c...
ASSESSMENT OF TECHNOLOGICAL INFRASTRUCTURE CHALLENGES IN VOCATIONAL SCHOOLS
ABSTRACT: Addressing Technological Infrastructure Challenges in Vocational Schools examines strategies to overcome technological barriers that hind...
THE INFLUENCE OF DIGITAL INNOVATION ON BUSINESS STRATEGIES
THE INFLUENCE OF DIGITAL INNOVATION ON BUSINESS STRATEGIES
This study aims to: (1) explore the relationship between digital innovation an...
A REVIEW OF CHALLENGES FACING MEDIA IN DISSEMINATION OF INFORMATION (A CASE STUDY OF NIGERIA TELEVISION AUTHORITY)
BACKGROUND OF THE STUDY
The art of communication as we know it now has evolved over many generations. Humans have...
UNDERGRADUATE READERSHIP OF ONLINE NEWSPAPERS
Abstract
The study examines undergraduate students’ readership of online newspapers in the department of Business Administration an...
RESIDENTIAL RENT DIFFERENTIALS BETWEEN TOWN CENTER AND PERI-URBAN IN BUKURU, PLATEAU STATE
ABSTRACT
This study investigated the differentials that exist in rents between town center and peri-urban in bukuru. It...
