THE IMPACT OF FINANCIAL MANAGEMENT ON THE GROWTH AND DEVELOPMENT OF SMALL SCALE BUSINESSES IN MUKONO MUNICIPALITY

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TABLE OF CONTENTS

DECLARATION

APPROVAL ii

DEDICATION

ACKNOWLEDGEMENT iv

TABLE OF CONTENTS v

ABSTRACT viii

CHAPTER ONE 1

1.0 INTRODUCTION 1

1.1 Background to the Study 1

1.2 Statement of the Problem 3

1.3 The General Objective of the Study 3

1.4 Specific objectives of the Study 4

1.5 Research Questions 4

1.6 Scope of the Study 4

1.7 Significance of the Study 5

CHAPTER TWO 6

LITERATURE REVIEW 6

2.0 Introduction 6

2.lFinancial Management 6

2.2 Business Growth 7

2.3 Business Development 8

2.4 Financing Options and Growth and Development of Small Scale Businesses 9

2.5 Record Keeping and Growth and Development of Small Businesses 10

2.6 Cash Flow Management and Growth and Development of Small Businesses 12

CHAPTER THREE 14

V

METHODOLOGY .14

3.0 Introduction 14

3.1 Research Design 14

3.2 The Study Area 14

3.3 Study population 14

3.4 Sample Size and Selection 15

3.5 Sampling Techniques 15

3.6 Data Collection Methods 15

3.6.1 Questionnaires 15

3.6.2 Interview guide 16

3.7 Data Sources 16

3.8Process of Collecting Data 16

3.9 Quality Control Methods 16

3.9. iValidity of the Instruments 16

3.9.2Reliability 16

3.l0DataAnalysis 17

3.11 Ethical Considerations 17

CHAPTER FOUR 18

DATA PRESENTATION, ANALYSIS AND INTERPRETATION 18

4.0 Introduction 18

4. lBackground Characteristic of the Respondents 18

4.1.1 Sex composition 18

4.1.2Gender of the Respondents 18

4.1.3Age of the Respondents 19

4.1 .4The education Level of the Respondents 20

4.1 .SNumber of Years in the Business 20

4.l.6Type of business 21

4.2 Study Findings 22

4.2.1 Financing Options and Growth and Development of Small Scale Businesses 22

4.2.2 Record Keeping and Growth and Development of Small Businesses 28

vi

4.2.3 Cash Flow Management and Growth and Development of Small Businesses 35

CHAPTER FIVE 43

SUMMARY, CONCLUSIONS AND RECOMMENDATIONS 43

5.0 Introduction 43

5.1 Summary of the Findings 43

5.1.1 Objective One: To establish the impact of financing options on the growth and

development of small businesses 43

5.1.2 Objective Two: To find out the influence of record keeping on the growth and development

of small businesses 43

5.1.3 Objective Three: To analyse the relationship between cash flow management and the

growth and development of small businesses 44

5.2 Conclusion of the findings 44

5.2.1 Objective One: To establish the impact of financing options on the growth and 44

5.2.2 Objective Two: To find out the influence of record keeping on the growth and development

of small businesses 45

5.2.3 Objective Three: To analyse the relationship between cash flow management and the

growth and development of small businesses 45

5.3 Recommendations of the study 46

5.3,1 Objective One: To establish the impact of financing options on the growth and

development of small businesses 46

5.3.2 Objective Two: To find out the influence of record keeping on the growth and development

of small businesses 46

5.3.3 Objective Three: To analyse the relationship between cash flow management and the

growth and development of small businesses 47

5.4 Areas for further research 47

REFERENCES 48

APPENDIX I: QUESTIONNAIRE FOR THE RESPONDENTS 51

APPENDIX 1:_INTERVIEW GUIDE FOR THE RESPONDENTS 54

APPENDIX 111:_FREQUENCIES 55

VII

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.

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APA

Research, S. (2022). THE IMPACT OF FINANCIAL MANAGEMENT ON THE GROWTH AND DEVELOPMENT OF SMALL SCALE BUSINESSES IN MUKONO MUNICIPALITY. Afribary. Retrieved from https://afribary.com/works/the-impact-of-financial-management-on-the-growth-and-development-of-small-scale-businesses-in-mukono-municipality

MLA 8th

Research, SSA "THE IMPACT OF FINANCIAL MANAGEMENT ON THE GROWTH AND DEVELOPMENT OF SMALL SCALE BUSINESSES IN MUKONO MUNICIPALITY" Afribary. Afribary, 18 Aug. 2022, https://afribary.com/works/the-impact-of-financial-management-on-the-growth-and-development-of-small-scale-businesses-in-mukono-municipality. Accessed 24 Sep. 2022.

MLA7

Research, SSA . "THE IMPACT OF FINANCIAL MANAGEMENT ON THE GROWTH AND DEVELOPMENT OF SMALL SCALE BUSINESSES IN MUKONO MUNICIPALITY". Afribary, Afribary, 18 Aug. 2022. Web. 24 Sep. 2022. < https://afribary.com/works/the-impact-of-financial-management-on-the-growth-and-development-of-small-scale-businesses-in-mukono-municipality >.

Chicago

Research, SSA . "THE IMPACT OF FINANCIAL MANAGEMENT ON THE GROWTH AND DEVELOPMENT OF SMALL SCALE BUSINESSES IN MUKONO MUNICIPALITY" Afribary (2022). Accessed September 24, 2022. https://afribary.com/works/the-impact-of-financial-management-on-the-growth-and-development-of-small-scale-businesses-in-mukono-municipality