Academy of Strategic Management Journal (Print ISSN: 1544-1458; Online ISSN: 1939-6104)


Family Management Strategies in Managing Finances through Small Businesses

Author(s): Rajindra, Andi Mattulada Amir, Farid,Rasmi Nur Anggraeni, Nasrulhak, Ahmad Yani

Good financial management through a small business can increase family income and reduce poverty. This study aimed to analyze the role of women in managing finance to increase poor family income. This was a descriptive study that was conducted in 10 subdistricts in Donggala Regency. The SWOT analysis was employed in this study. The results of the study showed that poor families generally had low education level, little skills apart from their main job, and the main occupation as farmers, had little capital in developing economic sector activities. The factors that cause poverty were low employment opportunities, since most of the poor families had little or no skills, less experience in working independently in the informal sector, and low human resources. This study recommends improving the quality of family human resources, the availability of production tools programs and community involvement in economic activities. In addition, the community should be able to differentiate between family finances and business finances so they can benefit from escaping poverty.

Get the App