Work

Effectiveness of Financial Management in Traditional Snack Businesses (Home Industry Study in Makassar City)

Year: 2024

Type: article

Abstract: The results of the study show that effective and efficient financial management is critical to the success of the traditional hawker home industry in Makassar City. Measures such as separating personal and business finances, developing a clear budget, and consistently monitoring cash flow help ensure business stability and growth. The use of financial technology facilitates financial recording and analysis, while efficient raw material stock management can reduce wastage. In addition, maintaining an emergency fund and conducting regular financial evaluations help anticipate risks and improve efficiency. These strategies, if implemented with discipline, will support business sustainability and growth amidst competition.

Source: SCIENTIFIC JOURNAL OF REFLECTION Economic Accounting Management and Business

DOI: 10.37481/sjr.v7i4.993

Authors: Andi Sulfati, Patta Rapanna, Zulfikry Sukarno

Institution: Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya

Language: English

Topic: Financial Literacy and Behavior

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, No poverty

Open Access status: diamond

OpenAlex ID: W4410706199

FWCI:

Cites: 4

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Related to: 10