Browsing by Author "Sunday, A. B."
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- ItemBusiness efficiency in Small and Medium Enterprises(SMEs) in selected districts in western Uganda.(IISTE, 2013) Turyahebwa, Abanis; Sunday, A. B.; Aluonzi, Eliab; Yahaya, B.; Sumil, NovembrietaThe study was undertaken to determine the level of business efficiency in Small and Medium Enterprises(SMEs) in selected districts in Western Uganda. The study was guided by the following objectives; to determine the level of business efficiency of SMEs in terms of, profitability, growth; The study employed ex-post facto or retrospective and prospective designs together with descriptive design and descriptive comparative as well as correlation design. 335 questionnaires were distributed to respondents and were collected and used for analysis. The study found out that majority of SMEs owners (52%) in western Uganda are female, more than 69% of the SMEs owners are in their early adult hood and majority of the SMEs owners are high school leavers (30.1%), over 50% of the SMEs are sole proprietorship businesses and majority of the SMEs (42.4%) have been in business between 1-4 years. The study found out that the level of profitability among SMEs was high (Average Mean = 2.67), the results also showed that the level of growth in SMEs is low (Average Mean=2.30). The overall findings showed that the level of business efficiency is low among SMEs (Average Mean = 2.48). The study employed the theory of Pecking Order (Myers 1984) which states that Management has a preference to choose internal financing before external financing, was proven in this study in the aspects of SMEs using internally generated funds as compared to borrowed funds. The recommendations from the study included; The SMEs owners should try to maximise and put to use their assets so as to obtain higher returns on assets. The government, more specifically the Ministry of East African Affairs, URA should sensitize the owners of SMEs on the opportunities that are available in the EAC and how the SMEs can be able to export their products to the neighbouring countries so as to boost their turnover. The owners of SMEs should have sales team in place so as to market the products and services of the business in order to increase sales. The SMEs owners should also make sure that business plans are prepared so as to act as a road map on how to take the business to the next level.
- ItemFinancial management practices in SMEs in selected districts in western Uganda(IISTE, 2013) Turyahebwa, A; Sunday, A. B.; Eliab, B.; Aluonzi, B.This study was done to determine the extent of financial management practices in Small and Medium Enterprises(SMEs) in selected districts in Western Uganda. The objectives of the study were; to determine the extent of financial management employed by SMEs as to these dimensions:working capital management (cash management, accounts receivable management, inventory management practices), investment, financing, financial reporting and analysis and accounting information systems; The study used ex-post facto or retrospective and prospective designs together with descriptive design and descriptive comparative as well as correlation design. 335 questionnaires were distributed to respondents and were the ones used for analysis. The study found out that majority of SMEs owners (52%) in western Uganda are female, more than 69% of the SMEs owners are in their early adulthood and majority of the SMEs owners are high school leavers (30.1%), over 50% of the SMEs are sole proprietorship businesses and majority of the SMEs (42.4% have been in business between 1-4 years. The findings further revealed that the extent of financial management is low among SMEs (Average Mean = 2.19). The Theory of Pecking Order (Myers 1984) which states that Management has a preference to choose internal financing before external financing, was proven in this study in the aspects of SMEs using internally generated funds as compared to borrowed funds. The recommendations from the study included; the Ministry of Finance and Economic Planning, Bank of Uganda should provide a favourable platform for SMEs to access financing that can enable them to run their businesses at a reasonable cost of financing. ICPAU, ACCA Uganda, URA should sensitize the SMEs owners on the relevance of bookkeeping, financial reporting and analysis as well maintaining proper books of analysis. Key Words: Financial Management, Small and Medium Enterprises (SMEs)