FAMEIDEALS

1,EMPLOYMENT GENERATION: The activities of entrepreneurship has led to the establishment of many businesses. This has also led to the employment of people either skilled semi skilled or unskilled labour this in turn has reduced to an extent of unemployment in the country




2, EFFECTIVE UTILIZATION OF LOCAL RESOURCES: Business established by entrepreneur has led to the utilization of local materials e.g starch is gotten from cassava, groundnut cake is gotten from groundnut




3, EVEN DISTRIBUTION OF BUSINESSES
Business has been established by entrepreneur in all the nook and crannies of the country.  This has led to even spread of the business for example major industries are set up in urban and rural Areas





4, MITIGATE RURAL-URBAN MIGRATION
Because of even distribution of businesses as a result of the activities of entrepreneurs for example even in the mist remote areas there are business established. This business in the rural areas employ rural labour and has therefore reduced the migration if people from the rural areas to the urban areas

5,INCREASE IN PRODUCTIVITY
Entrepreneurship has increase to a very large extent the gross domestic product.This is as a result of entrepreneur either individual or group output. The gross domestic product of every nation has led to increase in productivity.

6, KEEN COMPETITION ; numerous business operating within the country where entrepreneur producing different product but are substitute has led to keen competition between entrepreneurs. This has resulted in low prices in quality products. Entrepreneurs operates different business and produce different goods and services which are substitutes and has led to fall in price

Maintenance management is considered as one of the mist neglected aspect of management. Maintainance is the combination of many activities or actions being carried out to maintain activities and equipment and restored them to acceptable standard or condition. In fact maintanance ensure that the entire product system is kept reliable, productive and efficient maintainance is a preventive and not unless management give due attention to the future of plant they will find it themselves in trouble and sometime, or another through some item or plant or equipment training or breakdown
There is difference between repair ba plant and Maintainance of plant. Repairs entails striping down, replacement and removal of one plant and some other form of major overdue on the other and Maintainance include such through which are routine check, duplication adjustment or replacement of part that become damaged or wornout during normal use.

OBJECTIVE OF MAINTAINANCE
1. To minimize the availability and reliability of assets
2. To extend the useful life of assets
3. To ensure operational readiness of equipment.

TYPES OF MAINTAINACE
Preventive Maintainance; This is an organized Maintainance work carried out to prevent breakdown by a well conceived plant of inspection, lubrication, adjustment, repairs it can be true base or condition base

(2) corrective Maintainance; This is an organized work intended to restore an item to the acceptable standards. It involves minor repairs that may spring out.

(3) Shut down Maintainance ; This is a work activity that is carried out when failure iccurs. It is Carried out when things go wrong with the equipment.

(4) Routine Maintainance ; This occurs from time to time when there is breakdown  or whether there is breakdown or not.

(5) Schedule Maintainance; This is a Maintainance carried out specifying the date and possible time it should be done e.g three weeks or every week in month, every two weeks e.t.c

The following are some of the merits of sole proprietorship business 

1. DIRECT RESPONSIBILITY
The sole proprietors efforts are rewarded by his his personal profits and his ,mistakes by losses

2. CLOSE SUPERVISION
The sole proprietorship organization is small, he can supervise his staff, if any, personally

3. FLEXIBILITY
 Being his own master and having only the simplest organization, he can change the whole policy of his business in  very short time. He can make quick decisions.

4. FREEDOM FROM REGULATION
Apart from the normal regular responsibilities incurred by anyone who trains or employ staff, the only special duty required of sole proprietor is compliance with registration of business name Act, 
1961

5.PERSONAL CONTRACT
He is close to both clients and employees. He can offer personal service to customers and legal deals with employee's problems on a ''man to man'' basis 

MERITS OF SOLE PROPRIETORSHIP 
Some of the demerits of sole proprietorship form of business are as follows 

1. Unlimited liability
His  liabiity to meet meet the claims  of his creditors is competey unlimited. if his business fails; his own possessions and wealth can be call upon to meet his business debts. 

2. SMALL INITIAL CAPITAL 
The sum total available to start a one-man business may be too small to equip it properly 

3. INSUFFICIENT KNOWLEDGR OF THE BUSINESS
They are mant aspects in running a business effectively. Publishing, selling, display and amny other things must be handled by a sole proprietor and he is unlikely to be equally good at them all 

4. DIFFICUTY IN EXPANSION
Even a succesfu soe propritor is ikey to find it difficut to obtain extra finance  necessary for expansion.

5. END WITH YOUR DEATH 
The death of the sole proprietor will equally mean the end of business

business plays a vita role in the life and cultures of a country. it provides just anything the consumers want o need, including basic necessities such as food and housing, luxuries such as televisions and even personal services such as caring for customers and finding companionship.
business enterprises in Nigeria started in the earnest when major British firms amalgamated to form the united African community(UAC).



      This amalgamation helped in laying the foundation stone of the Nigerian business enterprise systems. these companies according to effiong (1985) and john Holt company, Peterson zochonis and company (PZ) G.B ollivant, union trading company (UTC) K. chellarams and sons and miller brothers,which with F.A Swanzy a third party cooperation known as the African association and a number of other smaller firms combined in 1919 to form African and eastern trade corporation (A & ETC) LIMITED. thus bringing into being the united African company (UAC) as we know today it follow from here that the European merchant houses provided vital institutional links with oversees market and manufacturing centers, and thus initiated a role which oversees market and manufacturing centers, and thus initiated a role which will continue to be a reference point for the Nigerian business enterprise system

A society is prosperous only if the degree to which it rewards and encourage entrepreneurial activities because it is entrepreneurs and their activities that are critical determinants of the level of success, prosperity growth and opportunity in the economy.
The most dynamic societies in the world are the ones that have the most entrepreneurs, plus the economic and legal structure to encourage and motivate entrepreneurs to greater activities. Thus entrepreneurs perform the following functions

Identifying entrepreneurial opportunity

There are many opportunities in the world of business. These opportunities are based on human needs as food, fashion, education etc. which are constantly changing. these opportunities are not realized by common man, but an entrepreneur senses the opportunities faster than others do. An entrepreneur therefore, has to keep his eyes and ears open and require imagination, creativeness, innovation and informativeness.

Turning ideas and dreams into viable business 

An entrepreneur should be capable of turning his ideas and good dreams into reality. He collects information regarding his ideas products,practices, to suit the demand in the market. Further steps are taken to achieve the goals in the light of information collected.

Resourcing for the needed business resources

The entrepreneur needs various resources in terms if money, machine, material and men to running the Enterprise successfully. An essential function of an entrepreneur is to ensure the availability of these resources.

Setting up of the enterprise

For setting up an Enterprise, the entrepreneur may need to fulfill some legal formalities. He also tries to find out a suitable location, design and premises, install machinery and do many other things.

Managing the enterprise

One of the important function of entrepreneur is to run the enterprise. he has to manage the finance, resources, material and organize production of goods and services. He has to market each product and service, after ensuring appropriate returns also known as profit of the investment. only a properly managed organization yields positive results.

Exploration of avenues foe growth and development of the business

Once the enterprise achieve its desired results, the entrepreneur has explore another higher goal for its proper growth and development.He decided the scale of business in accordance with the provision of capital and other business resources.