scholarly journals Challenges Faced by Micro and Small Businesses in Belize

2019 ◽  
pp. 1-15
Author(s):  
Dr. Somanadevi Thiagarajan
Keyword(s):  
Small Businesses ◽  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Capital City ◽  
Business Growth ◽  
Structured Interviews ◽  
Growth And Survival ◽  
Convenience Sampling ◽  
Medium Enterprises

Micro, small businesses play an important role in the economy of our country. In fact, they are vital to every country’s economy, particularly in developing countries. In Belize, micro, small and medium enterprises generate over 70% of the private sectors employment and income and contributing significantly to Gross Domestic Product. The purpose of this study was to determine the challenges and constraints faced by micro, small businesses in the capital city of Belmopan and suggest ways to promote business growth and survival in the market. The data was collected using both questionnaires and structured interviews with owners and managers of micros, small businesses in Belmopan. The convenience sampling method was used to select samples from the population. The data analysis revealed that micro and small businesses in Belmopan are faced with several challenges that impede their business growth and survival. The utmost challenge is the lack of finances, followed by multiple taxation and market competition. The results reflected that due to these constraints, businesses have been led to acts such as the evasion of taxes and importation of goods through other mediums, for a chance to compete and be profitable.

scholarly journals Pengaruh Persepsi, Tingkat Pendidikan, dan Sosialisasi Terhadap Penerapan SAK EMKM Pada UMKM Wilayah Kota Surabaya

2018 ◽  
Vol 12 (2) ◽  
pp. 112
Author(s):  
Galuh Artika Febriyanti ◽  
Agung Sri Wardhani
Keyword(s):  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Financial Statements ◽  
Financial Accounting ◽  
Primary Data ◽  
Negative Effect ◽  
Convenience Sampling ◽  
Medium Enterprises ◽  
Cash Basis ◽  
Positive Effect

The perpetrators of MSMEs generally do not use the standards applicable in the preparation of financial statements. MSME financial statements often use cash basis taken from daily cash mutation sources. The Indonesian Institute of Accountants seeks to contribute to overcome the constraints of MSMEs in the preparation of financial statements by issuing the Financial Accounting Standards of Micro Small and Medium Enterprises (SAK EMKM) and effective from 1 January 2018. SAK EMKM is simple to be implemented easily by MSMEs. The Financial Statements according to SAK EMKM are prepared on the accrual basis. The research took 50. MSMEs in Surabaya using convenience sampling method. The data used are primary data obtained through questionnaires. This study aims to finding out the hypothesis that the perception of MSMEs in Surabaya against the application of EMKM IFRS had an effect on the application of EMKM IFRSs, testing the education level hypothesis of MSMEs in Surabaya had an effect on the application of EMKM IFRSs, and tested the hypothesis of SAK EMKM dissemination in Surabaya. application of SAK EMKM. The results showed that partially the perception of MSMEs entrepreneurs has a positive effect on implementation SAK EMKM while the level of education and sozialization has a negative effect.

scholarly journals The Effect of Government Support on the Success of Small and Medium Enterprises: A Comparative Study between South Africa and China

2018 ◽  
Vol 9 (6) ◽  
pp. 166-173
Author(s):  
Rankhumise E M ◽  
Masilo K H
Keyword(s):  
South Africa ◽  
Small Businesses ◽  
Service Providers ◽  
Small And Medium Enterprises ◽  
Government Support ◽  
Small Enterprise ◽  
Structured Interviews ◽  
Support Mechanism ◽  
One Stop ◽  
Medium Enterprises

 The purpose of this article is to present evidence of a study conducted in two provinces of South Africa and one in China. The study investigated the effectiveness of the support mechanism for small and medium enterprises (SMEs) and how government support agencies are making strides in providing this support. Semi-structured interviews were conducted with branch managers, a project director and business advisors. It emerged from the findings that efforts are being made to provide valuable support to small businesses. It further emerged that small businesses still face challenges such as lack of access to funding, market to serve, lack of a one-stop office and the unwillingness of service providers to enter into contract with the Small Enterprise Development Agency (more relevant to the South African situation).It is recommended that financial service providers partner with SME support agencies.

Pengaruh Pembiayaan Mudharabah Terhadap Perkembangan Usaha Mikro Kecil Menengah (UMKM) di BMT Baiturrahman Bojong Gede

Liquidity ◽  
2018 ◽  
Vol 7 (2) ◽  
pp. 137-143
Author(s):  
Ramon Ramadhan
Keyword(s):  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Strong Relationship ◽  
Simple Linear Regression ◽  
Analysis Model ◽  
Processing Data ◽  
Convenience Sampling ◽  
Medium Enterprises

This study conducted observations and studies to determine the effect of mudharabah financing provided by BMT Baiturrahman on the development of Micro, Small and Medium Enterprises (MSMEs). The research technique used in this study is a quantitative technique with a population of customers who take financing in the BMT with a total of 166 customers financing after using the 10% Slovin error formula to 63 customers as the sample. The sampling technique in this study uses non-probability sampling by convenience sampling method. Whereas for data analysis methods using a simple linear regression analysis model, and for processing data using SPSS 23. This study concluded that mudharabah financing has a very strong relationship (correlation) which is very significant for the development of MSMEs. So it can be concluded that mudharabah financing has a significant effect on the development of MSMEs.

scholarly journals Pengaruh Keterampilan Kewirausahaan, Orientasi pasar dan Orientasi Penjualan terhadap Kinerja Usaha UMKM

2020 ◽  
Vol 2 (4) ◽  
pp. 961
Author(s):  
Jessica Rizan ◽  
Louis Utama
Keyword(s):  
Market Orientation ◽  
Small Businesses ◽  
Sampling Method ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Purposive Sampling ◽  
Entrepreneurial Skills ◽  
Nonprobability Sample ◽  
Small Medium Enterprises ◽  
Medium Enterprises

The purpose of this study is to find out 1) To find out whether entrepreneurship skills have an influence on the performance of micro and small businesses in the culinary field in North Jakarta.2) To find out whether market orientation has an influence on the performance of micro and small businesses in the culinary sector in North Jakarta. 3) To find out whether sales orientation has an influence on the performance of micro and small businesses in the culinary sector in North Jakarta. The population in this study were entrepreneur in Jakarta. The sample used in this study was 40 respondents from micro small medium enterprises in North Jakarta. The sampling technique used was nonprobability sample with purposive sampling sampling  method. Overall the results of this study are 1) Entrepreneurial skills have an influence on the performance of micro and small businesses in the culinary field in North Jakarta, 2) Market orientation has an influence on the performance of micro and small businesses in the culinary sector in North Jakarta, 3) Sales orientation has an influence on the performance of micro small and medium enterprises in the culinary sector in North Jakarta. Tujuan penelitian ini adalah untuk mengetahui 1) Untuk mengetahui apakah keterampilan kewirausahaan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara. 2) Untuk mengetahui apakah orientasi pasar memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara. 3) Untuk mengetahui apakah orientasi penjualan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara. Populasi dalam penelitian ini adalah wirausaha di Jakarta. Sampel yang digunakan pada penelitian ini yaitu 40 responden wirausaha di Jakarta Utara . Teknik pengambilan sampel yang digunakan yaitu nonprobability sample dengan metode pengambilan sampel purposive sampling. Secara keseluruhan hasil dari penelitian ini yaitu 1) Keterampilan kewirausahaan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara, 2) Orientasi pasar memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara , 3) Orientasi penjualan memiliki pengaruh terhadap kinerja usaha mikro kecil dan menengah pada bidang kuliner di Jakarta Utara.

Financial Sustainability of SMEs Through Islamic Crowdfunding

2020 ◽  
pp. 321-337
Author(s):  
Maizaitulaidawati Md Husin ◽  
Razali Haron
Keyword(s):  
Small Businesses ◽  
Small And Medium Enterprises ◽  
Future Research ◽  
The Internet ◽  
Financial Sustainability ◽  
Business Growth ◽  
Alternative Source ◽  
Mere Existence ◽  
Sustainability Initiatives ◽  
Medium Enterprises

Recent years have witnessed the growth of Islamic crowdfunding from its mere existence to successfully distinguishing itself from conventional crowdfunding. The concept of crowdfunding is known as a practice of funding a project or venture by raising small amounts of money from many people, typically via the Internet. The concept of crowdfunding has gained popularity worldwide as an alternative source of financing, especially among small businesses which include small and medium enterprises (SMEs). As SMEs continuously face lack of financing which may hinder their business growth, it is projected that the emerging crowdfunding model may help solve this problem while at the same time sustain SMEs' financial suitability. In this chapter, the concept of Islamic crowdfunding, crowdfunding models, the benefits and weaknesses of crowdfunding for SMEs, the applicability of crowdfunding towards driving financial sustainability initiatives for SMEs and issues for future research are discussed.

scholarly journals FINDING WAYS TO GROWING SMEs in WEST JAVA

2020 ◽  
Vol 4 (03) ◽  
Author(s):  
Iqbal Arraniri ◽  
Oding Syafrudin ◽  
Heni Susilawati
Keyword(s):  
Small Businesses ◽  
Business Strategy ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Business Environment ◽  
Strategic Choices ◽  
Growth And Survival ◽  
Business Units ◽  
The Times ◽  
Medium Enterprises

The number of micro, small and medium enterprises (SMEs) in 2019, recorded 42 million business units. Thus the majority of our economic actors are small and medium enterprises. In addition, this sector also absorbs 79 million people from the 100 million Indonesian workforce. Therefore, it is necessary to make various efforts to develop small businesses in Indonesia, so that this sector develops better. SMEs that are able to survive for a long time are industries that are able to anticipate changes in every era. Those who are able to withstand the conditions of the times are those who are able to adapt to changes and are able to build networks. Every UKM has a goal to achieve growth and survival for the long term. In the current era of globalization, where competition between companies is getting tighter. SMEs are required to have the ability to develop strategic choices in the field of marketing management so that they are able to adapt to the adaptability of a dynamic business environment. Seeing this fact, the company must be managed with systematic and dynamic efforts to benefit from the ever-changing market developments. For this study, the population used was 157 batik business owners in Cirebon Regency. The sampling technique used in this study was a non-probability technique, non-probability sampling by means of a census. With this method, researchers used the entire population as the sample because the population was relatively small for the size in the SEM model. Keywords : Entrepreneurial Orientation, Adaptability of The Business Environment, Quality of Business Strategy, Competitive Advantage, SMEs Performance, SEM

scholarly journals Analisis Faktor-Faktor Yang Mempengaruhi Daya Saing Usaha Mikro Kecil Dan Menengah (UMKM) Di Perkampungan Industri Kecil (PIK) Pulogadung Jakarta Timur

2019 ◽  
Vol 8 (2) ◽  
pp. 38
Author(s):  
Euis Winarti ◽  
D Purnomo ◽  
Jaenudin Akhmad
Keyword(s):  
Human Resources ◽  
Small Businesses ◽  
Market Access ◽  
Small And Medium Enterprises ◽  
Linear Regression Analysis ◽  
Government Support ◽  
The Other ◽  
Capital City ◽  
Independent Variables ◽  
Medium Enterprises

<p>In pushing the economy in the capital city of Jakarta is inseparable from the problem, one of the biggest problems of the people of the capital city in the economic field is the difficulty of empowering the people's economy, and the other side is the high unemployment in the capital. Efforts to overcome the problem of unemployment in the capital city is to provide their own employment. Provision of employment opportunities can be done by opening up Small and Medium Enterprises (SMEs). Small and Medium Enterprises play an important role in absorbing labor, contributing foreign exchange, and alleviating poverty. This is done because on the one hand it can create new entrepreneurs and on the other hand is the empowerment of small businesses into medium-sized businesses. The rapid growth of MSMEs in PIK Pulogadung Jakarta fosters competitiveness among MSMEs to maintain their business. The undeniable reality that Small and Medium Enterprises is the most strategic national economic sector and concerns the lives of many people, so that it becomes the backbone of the national economy. Lack of capital, low professionalism of managing human resources, limited capital and market access, and the lack of government role in supporting the competitiveness of SMEs are problems that must be sought for solutions for SMEs. The method used is multiple linear regression analysis to determine the effect of the dependent variable on independent variables. The research proves that simultaneously the independent variables (Capital, Human Resources, Product Marketing and Government Support) have a significant positive effect on the independent variables (Competitiveness).<br /> <br /> Keywords: Competitiveness, Small and Medium Enterprises, HR, Capital, Marketing, Government Support.</p>

RFID-Based Optimization Method for Inventory Control Strategy

2010 ◽  
Vol 34-35 ◽  
pp. 1983-1987
Author(s):  
You Bo Wu ◽  
Yi Tao ◽  
Xiao Hong Pan ◽  
Peng Cheng Wu
Keyword(s):  
Inventory Control ◽  
Small And Medium Enterprises ◽  
Market Competition ◽  
Optimization Method ◽  
Stock Management ◽  
Inventory Cost ◽  
Logistics Cost ◽  
Manufacturing Enterprises ◽  
Management Optimization ◽  
Medium Enterprises

As the market competition became more fiercely and the customers’ needs of diversified products increased, small and medium enterprises (SME) were more and more aware of the importance of getting quick respond of the market. More and more enterprises felt the logistics cost pressure during this business. How to lower down the logistics cost especially the stock cost became crucial for these SME enterprises. Further more, for enterprises whose producing type is many varieties small batches, how to use valid method to decline inventory and waste, is a great hard nut to crack. This article targeted on inventory control of clothing manufacturing enterprises for research, RFID technology was applied in stock management, optimization method was adopted for inventory control based on RFID, optimization control model was built, and the route for declined inventory cost and waste was analyzed. Finally, the application method was verified according emulation.

Revisiting presenteeism to broaden its conceptualization: A qualitative study

Work ◽  
2021 ◽  
pp. 1-13
Author(s):  
Mouna Knani ◽  
Pierre-Sébastien Fournier ◽  
Caroline Biron
Keyword(s):  
Work Environment ◽  
Small And Medium Enterprises ◽  
Methodological Approach ◽  
Individual Characteristics ◽  
Small Enterprises ◽  
Structured Interviews ◽  
Depth Analysis ◽  
Holistic Interpretation ◽  
Medium Enterprises ◽  
Negative Factors

BACKGROUND: Presenteeism is generally viewed as a symptom of organizational or individual dysfunction and is rarely considered as a behavioral response to positive triggering factors. Our study examines this issue in small enterprises (SEs), which are an unexplored environment in terms of presenteeism. OBJECTIVE: Through in-depth analysis, this study aims to understand the positive and negative factors that impact presenteeism in the context of small and medium enterprises (SMEs), with a particular focus on SEs. METHODS: We adopt a qualitative methodological approach in which we conducted 17 semi-structured interviews with employees and owner-managers of SEs with between 20 and 49 employees. RESULTS: Our thematic analysis shows that presenteeism can be explained by factors related to pressure to attend work, by individuals’ constraints and commitment, by organizational and individual characteristics and by a congenial work environment. Presenteeism can also be a type of “therapy” which helps individuals to avoid focusing on being sick and enables them to stay active and avoid social isolation. CONCLUSIONS: Our study differs from earlier research by providing a more in-depth analysis of the positive and negative factors that trigger presenteeism. This article will help to expand the current theoretical knowledge about presenteeism and encourage a more holistic interpretation of the phenomenon.

INVESTIGASI NIAT PENGGUNAAN FINANCIAL TECHNOLOGY PAYMENT BAGI USAHA MIKRO KECIL MENENGAH

2021 ◽  
Vol 19 (1) ◽  
pp. 35
Author(s):  
Anissa Hakim Purwantini ◽  
Reza Dea Amalia
Keyword(s):  
Risk Perception ◽  
Small And Medium Enterprises ◽  
Sampling Technique ◽  
Ease Of Use ◽  
Perceived Usefulness ◽  
Intention To Use ◽  
Digital Money ◽  
Convenience Sampling ◽  
Medium Enterprises ◽  
Financial Technology

ABSTRACTThe current adoption of financial technology (fintech) payment by Micro, Small and Medium Enterprises (MSMEs) is motivated by the trend of using digital money. The purpose of this study is to test and analyze empirically the factors that influence the intention of SMEs to use fintech payments. This study uses a quantitative method by distributing surveys to 94 MSMEs in the Magelang using convenience sampling technique. The test results with SEM-PLS show that the perceived usefulness and the perception of trust have an effect on attitudes. Risk perception and trust affect the intention to use fintech payment. Meanwhile, for ease of use, perception and risk perception have no effect on attitudes and perceived usefulness. Attitudes have no effect on intentions to use fintech payment. Based on the calculation of the path value, the most powerful factor to influence the intention to use fintech payment is the perception of trust.Keywords: fintech payment, TAM, MSMEABSTRAKAdopsi terkini mengenai pembayaran melalui financial technology (fintech) oleh Usaha Mikro, Kecil dan Menengah (UMKM) dilatarbelakangi oleh tren penggunaan uang digital. Tujuan dari penelitian ini adalah untuk menguji dan menganalisis secara empiris faktor-faktor yang mempengaruhi niat UMKM untuk menggunakan pembayaran fintech. Penelitian ini menggunakan metode kuantitatif dengan menyebarkan survei kepada 94 UMKM di Magelang dengan menggunakan teknik convenience sampling. Hasil pengujian dengan SEM-PLS menunjukkan bahwa persepsi manfaat dan persepsi kepercayaan berpengaruh terhadap sikap. Persepsi risiko dan kepercayaan mempengaruhi niat untuk menggunakan pembayaran fintech. Sedangkan untuk kemudahan penggunaan, persepsi dan persepsi risiko tidak berpengaruh terhadap sikap dan manfaat yang dirasakan. Sikap tidak berpengaruh terhadap niat menggunakan fintech payment. Berdasarkan perhitungan path value, faktor yang paling kuat mempengaruhi niat menggunakan fintech payment adalah persepsi kepercayaan.Kata kunci: fintech payment, TAM, UMKM

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