The effects of cash management skills on the growth of small scale businesses in Gayaza Market

Loading...
Thumbnail Image
Date
2014-06
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
The study was conducted to assess the effects of cash management on the growth of small scale businesses in Gayaza market. The main research objectives were to assess the role played by cash management skills on the growth of small scale businesses in Gayaza market; to find out the cash management skills used in businesses in Gayaza, to investigate on the relation between cash management skills and the growth of small scale businesses in Gayaza market, to know the challenges facing small scale businesses in Gayaza market. Simple random sampling teclmique of data collection was used to select sample for the study. The researcher gave out 84 typed questionnaires to answer and all were returned and well attempted but out of 27 questions in the questionnaires only 3 questions were not answered. The researcher used self-administrator questions after distributing questionnaires to t.'ie respondents of different categories of occupation to tick according to their views depending on the nature of the questions set in the questionnaires. Cash management skills like setting credit terms and condition to the debtors as far as credit sale is concerned it has contributed towards the growth of small scale businesses in Gayaza market in some ways and this include, recovery of large amount of debts from debtors by encouraging debtors to meet the date line stated by the business for settlement of obligations. The relationship that exist between cash management skill and the growth of small scale businesses in Gayaza market include, increases in stocks size transfers from small business location to the large premises. However, businesses in Gayaza market are facing major challenge of increasing competition.
Description
Research report submitted to the School of Economics and Management in partial fulfillment of the requirements for the Award of the Degree in Business Administration of Kampala International University
Keywords
Cash, Management, Skills, Growth
Citation