THE EFFECTIVENESS OF FINANCIAL PLANNING IN SMALL SCALE INDUSTRY(A CASE STUDY OF ISOKO COMMUNITY DELTA STATE)

An industry without effective financial planning is not without problems in the nearest future. This work captured and highlighted the effectiveness of financial planning in a small scale industry in Isoko community, Delta State. It looked at what small scale industry is all about, as well as the nature of planning, the reasons for an effective financial planning and the concept of financial planning in a small scale industry. It also noted the advantages of problems of small scale industry and proffers strategies for survival of small scale industry in Nigeria. The systematic procedures and method employed in carrying out this research work are highlighted in the research methodology of this work. Set of data are oriented; analyzed and interpreted. The hypotheses formulated for this research study are tested via the use of z-test for proportion. The research work also made certain findings, recommendations based on the findings of this study as well as suggestions for further studies. Which if adopted will be of great benefit to owners of small scale industry in Isoko community as well as financial institutions.