Measuring Financial Management and Bankability of Small Business Mumpreneurs through Triangulation Study
Abstract
Women's entrepreneurship can help to achieve “No Poverty” (SDG 1) and “Gender Equality” (SDG 5) under the targeted area of the 17 Sustainable Development Goals 2030. The business sector contributes significantly to the country's economic development. The primary purpose of this study is to explore the financial management practice and bankability of B40 mumpreneurs. The design of this study uses a mixed-method approach based on a semi-structured interview of 23 respondents and a survey study of 200 B40 entrepreneurs. All recorded data were transcribed for thematic data analysis. The survey study has been examined using AMOS SEM analysis. The triangulation method is employed to check the completeness of the interview and survey data and ensure that the data is valid. The results discovered that financial management is at a low level, with several issues having been identified. These include poor credit score, lack of financial knowledge and skills, failure to calculate proper selling price, poor business financial management, using a personal account for business matters, poor business audit, lack of savings and investments, and underutilization of financial tools. The survey showed a significant relationship between poor financial management and low bankability levels.
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