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Improving Financial Management Skills Among Small Business Owners.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Improving Financial Management Skills Among Small Business Owners./
作者:	Jackson, Jonathan.
面頁冊數:	1 online resource (144 pages)
附註:	Source: Dissertations Abstracts International, Volume: 84-02, Section: A.
Contained By:	Dissertations Abstracts International84-02A.
標題:	Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29260741click for full text (PQDT)
ISBN:	9798837525735

Improving Financial Management Skills Among Small Business Owners.
Jackson, Jonathan.

Improving Financial Management Skills Among Small Business Owners. - 1 online resource (144 pages)

Source: Dissertations Abstracts International, Volume: 84-02, Section: A.

Thesis (D.B.A.)--Walden University, 2022.

Includes bibliographical references

Small business owners (SBOs) lack of financial management skills can negatively impact small businesses' profitability and result in business failure. SBO's limited understanding of financial management skills increases the likelihood of business failure and negatively impacts local and national economies. Grounded in the stakeholder theoretical framework, the purpose of this qualitative multiple case study was to explore strategies SBOs use to improve financial management. Data were collected from five small business owners' successful years of freight business experience in Central Mississippi using semi-structured interviews, annual organizational reports, and member checking. Data were analyzed using Braun and Clarke's (2006) six-step thematic analysis framework. Three principal themes emerged: (a) financial management, (b) individualized business strategies, and (c) profitability. A key recommendation is for SBOs to attain industry-specific financial knowledge. The implications for positive social change include the potentially increased longevity of small businesses resulting in more sustained revenues, increased local employment, and community tax contribution, which benefit the local and national economies.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798837525735Subjects--Topical Terms:

542899
Finance.
Subjects--Index Terms:

Financial literacyIndex Terms--Genre/Form:

542853
Electronic books.

Improving Financial Management Skills Among Small Business Owners.
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504 $a Includes bibliographical references
520 $a Small business owners (SBOs) lack of financial management skills can negatively impact small businesses' profitability and result in business failure. SBO's limited understanding of financial management skills increases the likelihood of business failure and negatively impacts local and national economies. Grounded in the stakeholder theoretical framework, the purpose of this qualitative multiple case study was to explore strategies SBOs use to improve financial management. Data were collected from five small business owners' successful years of freight business experience in Central Mississippi using semi-structured interviews, annual organizational reports, and member checking. Data were analyzed using Braun and Clarke's (2006) six-step thematic analysis framework. Three principal themes emerged: (a) financial management, (b) individualized business strategies, and (c) profitability. A key recommendation is for SBOs to attain industry-specific financial knowledge. The implications for positive social change include the potentially increased longevity of small businesses resulting in more sustained revenues, increased local employment, and community tax contribution, which benefit the local and national economies.
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