Jurnal Pengabdian Pancasila (JPP)
Vol. 3 No. 4 (2024): December 2024

Optimizing MSME Financial Management to Increase Profits and Control Costs

Oktaviano, Benny (Unknown)
Triwibowo, Edi (Unknown)
Wulandari, Dian Sulistyorini (Unknown)
Saputra, Ilham Dwi (Unknown)



Article Info

Publish Date
31 Dec 2024

Abstract

This community service program aimed to enhance the financial management capabilities of Micro, Small, and Medium Enterprises (MSMEs) in the Tambun Selatan region. The program addressed common challenges faced by MSMEs, such as inadequate cost control, limited profit optimization strategies, and a lack of structured financial planning. Implemented over three months, the program involved interactive workshops, hands-on training, and follow-up consultations with [Insert Number] MSME participants from various sectors, including retail, food and beverages, and manufacturing. Key topics covered included cost classification, profit optimization strategies, budgeting techniques, and the adoption of financial tools. Results showed a significant improvement in participants' financial literacy, with average scores increasing by 45%. Additionally, participants reported an average 12% increase in profit margins and a 10% reduction in operational costs. Notably, 75% of participants adopted digital tools for financial tracking and management, marking a substantial shift in their operational practices. The program demonstrated that targeted financial training and localized solutions can significantly impact MSME profitability and sustainability.

Copyrights © 2024






Journal Info

Abbrev

jpp

Publisher

Subject

Social Sciences Other

Description

Jurnal Pengabdian Pancasila (JPP) is a forum for publication of the results of community service carried out by researchers, academics, and the wider community. The JPP journal aims to explore the problems and solutions faced by the Indonesian people in achieving prosperity. JPP Journal is an online ...