TOFEDU: The Future of Education Journal
Vol 4 No 1 (2025)

The Impact of Financial Management on Business Growth in MSMEs: A Literature Review

Permana, Hendrik (Unknown)
Saepuloh, Aep (Unknown)
Judijanto, Loso (Unknown)
Mahmudah, Mahmudah (Unknown)
Hendra, Muhammad (Unknown)



Article Info

Publish Date
30 Jan 2025

Abstract

This study aims to analyze the impact of financial management on the business growth of SMEs based on existing literature. Effective financial management plays a crucial role in supporting the sustainability and development of SMEs. Efficient cash flow management, cost control, and proper risk management are key factors influencing the stability and profitability of SMEs. Furthermore, wise investment decisions can drive business expansion and increase market competitiveness. However, challenges faced by SMEs, such as limited access to financing and a lack of understanding in financial management, need more attention. This study suggests the importance of financial management education and training for SME owners to enhance their financial management skills and support sustainable business growth. The method used in this research is library research with a descriptive analysis approach to relevant literature from various sources, including books, journals, and scholarly articles.

Copyrights © 2025






Journal Info

Abbrev

journal

Publisher

Subject

Education Languange, Linguistic, Communication & Media Mathematics Other

Description

TOFEDU Journal is a scientific journal related to research results, conceptual studies, critical/comprehensive studies in the field of education. The results of the work of the researchers are expected to make a positive contribution in the field of education in order to achieve equitable, inclusive ...