scholarly journals SME owners and debt financing: Major challenges for emerging market

2016 ◽  
Vol 13 (4) ◽  
pp. 542-548
Author(s):  
Jonathan Cameron ◽  
Muhammad Ehsanul Hoque
Keyword(s):  
South Africa ◽  
Qualitative Study ◽  
Financial Management ◽  
Financial Institution ◽  
Emerging Market ◽  
Business Management ◽  
Debt Financing ◽  
Management Skills ◽  
Record Keeping ◽  
Management Experience

The purpose of this qualitative study was to unpack the different aspects of the financial obstacles that small medium entrepreneurs (SMEs) face in South Africa. Data were collected by conducting one on one interview’s among four financial specialists from financial institution. The financial specialists reported risk was seen as a contributing factor for loans being declined. Other reasons to decline loan were not having business management skills, lack of financial management, experience in an industry and passion for what they do, poor credit record keeping, and lack of collateral. The opportunities leading from the study suggest that entrepreneurs have the potential to improve their chances of accessing finance by enrolling in entrepreneurial and business management studies, thereby learning to overcome poor financial management, and improve their business management skills

scholarly journals An analysis of opinions from veterinarians in South Africa regarding business management skills

2004 ◽  
Vol 75 (1) ◽  
Author(s):  
R.C. Krecek ◽  
P. Tobin
Keyword(s):  
South Africa ◽  
Financial Management ◽  
Business Management ◽  
Global Market ◽  
Business Practices ◽  
Management Skills ◽  
Management Ethics ◽  
Challenges And Opportunities ◽  
Urban Rural ◽  
Day To Day Operations

The changing role of veterinarians in the global market is a current topic of debate and discussion. Few countries including South Africa have formally examined the changing dynamics of this profession. Therefore, the present study addressed 2 objectives. The 1st was to examine basic information about veterinarians in South Africa including their age, gender and distribution across provinces, the percentage whose practice was urban, rural or periurban, the numbers working with specific animal species, and the extent of business management and skills previously gained. The 2nd objective was to obtain opinions and insights from veterinarians in South Africa about the challenges and opportunities facing their business practices to better understand what they considered important dynamics to their businesses today. Several areas of business on which they were questioned and which were included in this study were: marketing, vision,humanresources, leadership, financial management, ethics, competition, day-to-day operations, interpersonal skills and information management. This is the 1st known survey to employ a questionnaire to gain insights and opinions from veterinarians about business management skills.

scholarly journals The importance of record keeping to the growth of small and medium scale enterprises (SMEs) in Zimbabwe

2015 ◽  
Vol 12 (4) ◽  
pp. 744-754 ◽  
Author(s):  
Ongayi Vongai Wadesango
Keyword(s):  
Financial Reporting ◽  
Financial Management ◽  
Survey Design ◽  
Small And Medium Enterprises ◽  
Management Skills ◽  
Social Scientists ◽  
Accounting Systems ◽  
Record Keeping ◽  
Medium Enterprises ◽  
Descriptive Survey

This study sought to investigate the influence quality financial reporting systems have on the performance of small and medium enterprises. Descriptive survey design was employed. The sample size was 100 SMEs, selected using stratified random sampling. Data were collected using a questionnaire and an observation list. Data collected using questionnaire were analyzed using Statistical Package for the Social Scientists (SPSS). The study found an absence of formal accounting systems in many firms due to lack of financial and accounting knowledge among the owner‐managers. It is recommended that financial institutions and policy makers need to focus on educating such owner‐managers with necessary accounting and financial management skills.

scholarly journals Islamic Entrepreneurship Model Based on Local Wisdom and Competitiveness

2020 ◽  
Vol 18 (1) ◽  
pp. 36-64
Author(s):  
Buhaerah ◽  
Ahdar ◽  
Musyarif
Keyword(s):  
Financial Management ◽  
Business Management ◽  
Monitoring And Evaluation ◽  
Management Skills ◽  
Business People ◽  
South Sulawesi ◽  
The People ◽  
New Business ◽  
The Government ◽  
Entrepreneurial Training

Implementation of research-based dedication program with the title of development of Islamic Entrepreneurship Model (IEM) based on local competitiveness aims; (1) Making IEM is a reference for the government or policy determinant to create and direct the business people uphold Islamic values; (2) to make the community have an Islamic entrepreneurial soul, local wisdom-based, and competitive; (3) Increased business management skills and good financial management; and (4) implementing IEM in the form of training and mentoring for the community. The IEM development process includes three phases; (1) The development of IEM, (2) implementation and the assessment, and (3) Monitoring and evaluation. Some factors that are individual according to Islam that entrepreneurs need to have are fathonah, amanah, shiddiq, tabligh, and istiqomah. In addition to things that are inherently in entrepreneur, there are also external factors that can support the success of entrepreneurs including the existence of a conducive legal basis in the form of legislation that supports the growing and development of entrepreneurship. The existence of culture and mindset that supports entrepreneurship as a source of living. The IEM program held in South Sulawesi in 2019 has taken up by 76%. The IEM Program that is implemented for the people of business has reached the goal 80% namely: Increased business management skills and financial management for business people. Creating an entrepreneurial training method that is appropriate for the community of businessmen who are pioneering entrepreneurs. Conducting mentoring in business people who have started to open a new business.

Issue of Financial Management Practices among SMMEs: A Case Study of Former Transkei Homelands in Eastern Cape Province South Africa

10.31355/70 ◽  
2020 ◽  
Vol 4 ◽  
pp. 001-007
Keyword(s):  
South Africa ◽  
Financial Management ◽  
Financial Stability ◽  
Management Practices ◽  
Future Research ◽  
First Year ◽  
Eastern Cape Province ◽  
Eastern Cape ◽  
Management Skills

NOTE: THIS ARTICLE WAS PUBLISHED WITH THE INFORMING SCIENCE INSTITUTE. Aim/Purpose...................................................................................................................................................................................................... The goal of this study was to investigate the financial management practices of SMMEs operating in under developed regions as a challenge facing SMMEs operating in underdeveloped regions using former Transkei Homelands in Eastern Cape Province as a case study. Background......................................................................................................................................................................................................... In South Africa, the works of Cameron and Miller (2008) highlights that South Africa is ranked among top countries in the world with high failure rates of SMMEs during the first year of establishment. This calls for continues research works to identify factors that could be impeding the progress of SMMEs in South Africa. According to Jayansankaran, (1999) proper financial management practices are among the key deciding factors when it comes to the survival of SMMEs. Mostly SMMEs in underdeveloped regions are owned and managed by one person, the lack of financial management competence on the side of the SMMEs owners or managers in turn could bring serious consequences to the financial stability and grow of the SMMEs. It is against this background that this study focuses on financial management practices among SMMEs entrepreneurs operating their businesses in former Transkei Homelands where survival of SMMEs are critical for economic development of the region. Methodology....................................................................................................................................................................................................... The researcher in this study uses both quantitative and purposive sampling approaches to design an exploratory study to sample 68 SMMEs owners/managers based in the various towns of the selected region. Contribution........................................................................................................................................................................................................ This research will add to the growing knowledge about identifying factors that may be impeding survival of SMMEs. Findings .............................................................................................................................................................................................................. The major findings of the study revealed that 95.59% of the owners/managers have no financial management/accounting skills as well as 58.82% of the internal system of recording financial transactions are not audited. Recommendations for Practitioners................................................................................................................................................................. In view of the findings it is recommended that agencies charged with looking after SMMEs provide training in the area of financial management skills for the SMMEs owners/managers. Recommendation for Researchers.................................................................................................................................................................... Future studies can include the other four principles of financial management principles highlighted by Armstrong (2001). Impact on Society............................................................................................................................................................................................... The research will assist to highlight to funders of SMMEs, policy makers and business support agencies the need for educating SMMEs entrepreneurs especially those operating their businesses in underdeveloped regions in proper financial management practices in order to curve the problem of cash flow faced by SMMEs which leads to SMMEs failure. Future Research................................................................................................................................................................................................. Exploring the skills of the SMMEs entrepreneurs’ to prepare, understand and interpretation of financial statements are critical in this context.

Sustainable Entrepreneurship and Management Skills at a Crossroad in the Circular Economy

2020 ◽  
pp. 501-519
Author(s):  
Booysen Sabeho Tubulingane
Keyword(s):  
Circular Economy ◽  
Time Management ◽  
Financial Management ◽  
Business Models ◽  
Business Management ◽  
Management Skills ◽  
Sustainable Business ◽  
Sustainable Entrepreneurship ◽  
Problems And Solutions ◽  
Starting A Business

Entrepreneurship is the process of starting a business, a start-up company, or an organization. Before a person is capable of starting a business, there are entrepreneurship and business management skills that need to be acquired. Business management skills involve planning, decision making, leadership, marketing, selling, financial management, project management, delegation, time management, problem-solving, and networking. Entrepreneurship skills enable an entrepreneur to be self-efficacy, innovative, taking control of business activities, articulating a need for achievement, and able to take risks. Thus, this chapter provides a desktop literature analysis of the relationship between entrepreneurship and management skills within a circular economy. The chapter further examines problems and solutions to sustainable entrepreneurship. There is a need for a study to investigate how innovative sustainable business models can be both fully profitable and sustainably oriented.

scholarly journals Pelatihan Kewirausahaan Bagi Pelaku Usaha Kecil Dan Binaan Koperasi Di Rumah Susun Sederhana Sewa (Rusunawa) Cipinang Besar Selatan

2017 ◽  
Vol 1 (1) ◽  
pp. 58-72
Author(s):  
Dewi Susita ◽  
Umi Mardiyati ◽  
Hania Aminah
Keyword(s):  
Small Business ◽  
Community Service ◽  
Financial Management ◽  
Production Efficiency ◽  
Business Management ◽  
Survey Method ◽  
Creative Economy ◽  
Management Skills ◽  
Service Activity ◽  
Marketing Analysis

In an effort to improve empowerment of creative economy, enterpreneurship and management for small business and cooperation is the basis for author to improve the empowerment through training. Training is one of the way to improve the competence of people for generating optimal performance that  suitable with the expectation. The study was conducted by using survey method with interview, observation techniques, and questionnaires. The title of this community service activity is Enterpreneurship Training for Small Business and Cultivated Cooperative at Rusunawa Cipinang Besar Selatan.  The purpose of this activity is to develop an improve the enterpreneurship as well as improving the management skills  of small business and cooperation at Rusunawa Cipinang Besar Selatan. This activity are developing enterpreneurship, market and marketing analysis, business management, partnership, production efficiency, financial management, and business proposal can be useful in developing the business. KATA KUNCI: Enterpreneurship,  Management, Small Business and Cooperation   

scholarly journals Pendampingan Manajemen Keuangan Melalui Program Literasi Keuangan Kepada Komunitas Usaha Mikro Kecil dan Menengah (UMKM) yang Terjerat Rentenir di Kabupaten Nganjuk

2019 ◽  
Vol 3 (1) ◽  
pp. 113-126
Author(s):  
Ainna Amalia FN ◽  
Lilis Rahmawati
Keyword(s):  
Community Development ◽  
Financial Literacy ◽  
Financial Management ◽  
Financial Institution ◽  
Financial Inclusion ◽  
Business Community ◽  
Literacy Programs ◽  
Management Skills ◽  
Asset Based Community Development ◽  
Management Capabilities

The development of UMKM in the process does not always go smoothly, sometimes the business also has obstacles, including being entangled by moneylenders. Therefore, the Assistant Team of Al ‘Ula Islamic Financial Institution of STAI Miftahul Ula Nglawak partnered with the NU LKK Nganjuk and Cooperative-UMKM Office of Nganjuk provides capital assistance without interest for MSME community through literacy programs. By using the Asset-Based Community Development (ABCD) method, this study aims to provide financial management assistance for UMKM Community who were entangeled by moneylenders.  The results of the study indicate social change as follows: (1) awareness increases the productivity and work ethic; (2) the emergence of financial management skills through financial literacy; (3) financial literacy, which is the emergence of financial inclusion, financial passport, and financial access issues; (4) the emergence of efforts optimization to empower financial management capabilities; (5) able to make strategic planning to improve the level of the business community; (6) the emergence of new assistants;  (7) there is a partnership between the assistant team and stakeholders.

Translocate, to fund or not to fund: challenges in funding an emerging market start-up

2021 ◽  
Vol 11 (4) ◽  
pp. 1-31
Author(s):  
Carlos De Jesus ◽  
Jason Ker-Fox ◽  
Phuti Senyatsi
Keyword(s):  
South Africa ◽  
Venture Capital ◽  
Financial Management ◽  
Emerging Market ◽  
Subject Area ◽  
Full Time ◽  
Limited Information ◽  
Real World Data ◽  
Content Type ◽  
Start Up

Subject area: Financial management – Specifically start-up valuations. Study level/applicability: Honours or masters level (professional or academic). Case overview: The case is around a tech start-up in the informal transport market in South Africa, that has obtained some government funding and developed a working SaaS. However, requires funding to expand and grow. Informal transport is significant in emerging and developing markets and the product is portable internationally. In South Africa, two listed companies (US and SA) were started with similar concepts in Logistics and private client market and are now global in 124 and 24 countries. Management of the venture capital firm are senior and experienced and have invested years and funding into this company, and while willing to offer equity had quite a high value in mind, the venture capital company (with an impact mandate) needs to decide whether to fund the start-up and negotiate a value. Expected learning outcomes: Characteristics of a successful start-up are formulating an appropriate discount rate, using real world data; performing a DCF and relative valuations given limited information; scenario analysis and sensitivity analysis; and the importance of negotiating (understanding managements side). Supplementary materials Teaching notes are available for educators only. Complexity academic level This case was written for use in financial management classes in either an academic full-time student (final year undergraduate/bachelor) or a postgraduate program with working students/professional (MBA) program level. Subject code CSS: 1: Accounting and finance.

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