The impact of financial management on the growth and development of small-scale businesses in Mukono municipality:
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Date
2019-03
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Publisher
Kampala International University, College of Economics & management.
Abstract
This study is an examination of the impact of financial management on the growth and
development of small scale businesses in Mukono Municipality. Specifically the study examined
the impact of financing options, the influence of record keeping and the relationship between
cash flow management and the growth and development of small businesses.
The study used a cross-sectional study design on a sample of 120 respondents. Data was
collected by use of questionnaire and interview guide. Data was analysed both qualitatively and
quantitatively. With the use of SPSS 17.0, quantitative data was analysed basing on frequencies
and percentages and figures. For qualitative data, it was interpreted by composing explanations
and conclusions on how different variables were related.
The study established that; different financing options in financial management impact the
growth and development of small businesses. Record keeping influences the growth and
development of small businesses. There is a relationship between cash flow management and the
growth and development of small businesses.
The study recommends that; businessmen and women in small businesses should establish
different financing options for the growth and development of their businesses. Businessmen and
women need to carry out record keeping for the growth and development of small businesses.
Businessmen and women should ensure cash flow management for the growth and development
of small businesses.
Description
a research report submitted to the college of economics and management in partial fulfillment for the requirements of the award of bachelor’s degree in business administration at Kampala international university
Keywords
financial management, growth, small-scale businesses