2022
DOI: 10.35912/amor.v3i3.1311
|View full text |Cite
|
Sign up to set email alerts
|

Financial Management Practices and Small-Scale Businesses' Profitability, from the Viewpoint of Kabale Municipality, Uganda

Abstract: Purpose: The study's goal was to investigate how financial management practices impact small businesses' profitability. Research methodology: Descriptive and correlational research designs were used in the study. The study used a multi-regression analysis to estimate how financial management practices impact profitability. Results: The research showed that financial management strategies had a big effect on profitability. Management of working capital and cash has a substantial correlation with profitability… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1

Citation Types

0
4
0

Year Published

2023
2023
2024
2024

Publication Types

Select...
5

Relationship

0
5

Authors

Journals

citations
Cited by 5 publications
(4 citation statements)
references
References 23 publications
0
4
0
Order By: Relevance
“…Source: Processed data (August 2023) Profitability ratios are the degree of income and earning capacity of an investment (Olayinka and Mustapha, 2022). Additionally, Eton, Fabian, and Eliab (2023) argued that profitability always serves as a barometer of business performance, and without it, no enterprise can stay in operation. Watermelon marketing demonstrates profitability, as evidenced by the substantial gross marketing margin of ₦101,281.30.…”
Section: Resultsmentioning
confidence: 99%
“…Source: Processed data (August 2023) Profitability ratios are the degree of income and earning capacity of an investment (Olayinka and Mustapha, 2022). Additionally, Eton, Fabian, and Eliab (2023) argued that profitability always serves as a barometer of business performance, and without it, no enterprise can stay in operation. Watermelon marketing demonstrates profitability, as evidenced by the substantial gross marketing margin of ₦101,281.30.…”
Section: Resultsmentioning
confidence: 99%
“…Self-assurance and belief in one's entrepreneurial abilities contribute to a willingness to take risks and conquer the hurdles of beginning a firm. Another important aspect impacting entrepreneurial intent is the availability of resources and support within the community (Eton, Fabian, & Eliab, 2023;Moussa & Bans-Akutey, 2022). Access to capital, business networks, mentorship, and entrepreneurial education or training are all important elements that can help entrepreneurs realize their dreams (Lekwauwa & Bans-Akutey, 2022).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Therefore, Muchiri and Jagongo (2017) noted that staff with high-quality assets, reliable earnings, and sufficient capital might fail due to inadequate liquidity management encountered by weak internal control. According to Eton, Fabian, and Eliab (2023), many businesses in western Uganda have suffered from poor performance. Muchiri and Jagongo (2017) and Ndiege et al (2016) stated that SACCO should emphasize sustainability rather than profitability in promoting negative loan defaults.…”
Section: Introductionmentioning
confidence: 99%