Growth Of Micro Businesses Research Articles

The Effect of Financial Management Quality, Product Innovation, and Digital Marketing on Micro Business Growth in the Jakarta Culinary Sector

This research investigates the dynamics of micro-business growth in the Jakarta Culinary Sector, focusing on the impact of Financial Management Quality (FMQ), Product Innovation (PI), and Digital Marketing (DM). A quantitative analysis involving a sample of 150 micro businesses reveals compelling insights. Results indicate significant positive relationships between FMQ, PI, and DM with Micro Business Growth (MBG). The study emphasizes the pivotal role of sound financial practices, innovation, and digital marketing in fostering growth within the competitive culinary landscape of Jakarta. Findings contribute to the understanding of success factors in micro-businesses, offering practical implications for entrepreneurs and policymakers.

Analysis of the Mediating Effect of Micro Business Growth on Productive Zakat Utilization, Information Technology, and Mustahiq’s Welfare

This study aims to analyze the impact of productive zakat and information technology on the welfare of Mustahiq through the growth of micro-businesses at BAZNAS DIY, LAZISMU DIY, and LAZISNU DIY. Quantitative analysis was employed in this study with a sample size of 39. The data analysis technique utilized was Structural Equation Modeling and Partial Least Squares (SEM-PLS), facilitated by the Smart-PLS 3.0 application. The findings of this research indicate that both productive zakat and information technology exert a significant positive influence on the growth of micro-businesses. However, productive zakat alone does not significantly affect the welfare of Mustahiq. On the other hand, micro-business growth demonstrates a significant positive effect on Mustahiq’s welfare. Furthermore, productive zakat and information technology significantly contribute to the welfare of Mustahiq through the mediation of micro-business growth. Originality/Value: This study seeks to explore the relationships between productive zakat, micro-business growth, information technology, and mustahiq welfare. Additionally, it aims to assess the impact of productive zakat provision and information technology utilization on mustahiq welfare, contributing to the discourse on effective poverty alleviation strategies in Indonesia.

Leveraging the Growth of Micro and Small Sector Businesses In Sidoarjo Regency: Antecedents of Social Media And Strengthening Management

Objective: This research wants to test the influence of social media on strengthening management and business growth and examine the effect of strengthening management on business growth.
 Design/methodology/approach: This research is included in the quantitative research category with an associative /explanatory approach and hypothesis testing. The unit of analysis in this research is micro and small business actors with a population of 186. The sample size in the research is 92. While Taking sample members from the population using a purposive sampling technique, the sample members are also referred to as respondents. The distribution of questionnaires was carried out over one month (1 June 2023 - 30 June 2023); 87 questionnaires were answered and filled in completely (94.57%); therefore, the data collected through this questionnaire was representative enough to represent the total population.
 Findings: Testing with Path analysis shows that social media directly and significantly influences strengthening management and business growth with standardized coefficient values of 0.347 (sig. 0.039) and 0.324 (sig. 0.041), while strengthening management directly and significantly influences the growth of micro-businesses and small with a standardization coefficient value of 0.409 (sig. 0.46). The results of this test show that social media, which is used massively to explore market information and is carried out in a structured manner, will encourage optimal management development to provide an adequate contribution to strengthening management, which leads to the creation of sustainable creative behavior in managing micro and small businesses to be more effective and efficient, both in managing market access, implementing management functions, business processes, and business cycles, so as to leverage the growth of micro and small businesses for the better. Therefore, hypotheses H1, H2, and H3 can be accepted because all the antecedents are tested to have a positive and significant influence with a significance figure below 0.05

Analisis Faktor Penghambat Pertumbuhan UMKM Kota Tomohon di Era New Normal

SMEs have become the backbone of the national economy where MSMEs are a source of community income, helping to fulfill domestic goods and services and creating jobs. However, SMEs often experience obstacles in their development and even tend to have a high failure rate. There are many factors, both internal and external, that can hinder the growth of SMEs. This study aims to analyze the factors that hinder the growth of MSMEs to scale up in Tomohon City. The method used is descriptive quantitative with factor analysis techniques. The population in this study amounted to 3,906 MSMEs, while the number of samples was 100 SMEs which were calculated using the Slovin formula. As for the sampling technique using convenience sampling technique. Data collection was carried out by distributing questionnaires, with validity test result of Sig (2-tailed) < 0.05 and the reliability test result of Cronbach's Alpha value of 0.911 > 0.60. The results of this study indicate that there are 9 factors that can hinder the growth of SMEs in Tomohon City in the New Normal Era, which are human resource capabilities, infrastructure and technology, access to capital and market conditions, energy availability and wages, business location and political conditions, managerial capabilities, business processes and marketing, competition and production costs, production capacity and legality, and macro environment. The main factors hindering the growth of micro-businesses in Tomohon City during the new normal are the capabilities of human resources, infrastructure and technology with an explanatory variant of 29.927%.

How university internships benefit microbusiness owners: Beyond anticipated value

Microbusiness owners face significant challenges in accessing, acquiring and controlling resources, including human resources. This research examines the resource value(s) gained by microbusiness owners when they engage in a temporary human resourcing strategy using interns. Qualitative, information-rich, narrative interviews with microbusiness owners examined resourcing motives, management experiences and perceptions of human resource value. The data were subject to thematic analysis. The findings indicate that the unforeseen value of working with an intern was learning “management by doing” , which arose due to a challenging of owner–intern dynamics, compelling owners to develop their skills, knowledge and practice of management and leadership. Second, microbusiness owners were strategically motivated to fill human resource skill and expertise gaps at little or no cost, gaining expected value. Thus, temporary human resources enable microbusiness owners to gain both expected and unforeseen value. Future research should focus on examining the value of unforeseen learning from low/no cost resources on microbusiness growth and sustainable development potential.

The Role of Micro Finance Institutions on the Development of Micro Enterprises (MEs) in Sri Lanka

Aim: The study investigates the impact of microfinance practices on the growth of micro-enterprises (MEs) concerning the Central Province, Sri Lanka. It has been discovered that the growth of microbusinesses is dependent on gender, age, education level and nature of the industry.
 Design/Methodology/Approach: Multinomial Logistic Regression models was applied in this study. Multinomial logistic regression is frequently used for the analysis of categorical response data with continuous or categorical explanatory variables. Parameter estimates are usually obtained through direct maximum likelihood estimation. Two models were used to test the hypothesis concerning the three practices, micro-credit, training and advisory services. Primary data were obtained from 200 registered microenterprises (ME) owners in the Central Province through convenience sampling methods. Data collection was conducted using a self-structured questionnaire.
 Results and Conclusion: According to the results, microfinance practices have a significant relationship with the development of MEs, while Microcredit and advisory services have a significant impact on the development of MEs. Training programmes have not significantly impacted on the development of MEs. The research concludes that microfinance as a whole educates and helps to develop micro financed micro-scale enterprise businesses and positively impact those families in the Central Province, Sri Lanka.
 Research limitations/implications: Data were limited to select only one province in Sri Lanka out of nine using a self-structured questionnaire. Also considering the response rate and sample size, there are limitations to generalize the findings. This research was restricted to three variables micro-credit; Training and Advisory services impact of other factors that can influence the growth of MEs did not fall under the scope of this study.
 Originality and Value: The impact of microfinance practices on MEs growth in Central Province in Sri Lanka is an under-researched area of study. The findings of this study can act as a guideline in the future for decision-makers to identify factors that influence more on MEs development.

The “additional costs” of being peripheral: developing a contextual understanding of micro-business growth constraints

PurposeDespite their economic significance, empirical evidence on the growth constraints facing micro-businesses as an important subset of small and medium enterprises remains scarce. At the same time, little consideration has hitherto been given to the context in which entrepreneurial activity occurs. The purpose of this paper is to develop an empirically informed contextual understanding of micro-business growth, beyond firm-level constraints.Design/methodology/approachThe paper draws on 50 in-depth interviews with stakeholders and micro-business owner–manager entrepreneurs (OMEs henceforth) in a peripheral post-industrial place (PPIP henceforth).FindingsThe paper shows that, beyond firm-level constraints generated by their OME-centric nature, there are “additional costs” for micro-businesses operating in PPIPs, specifically limited access to higher-skilled labour, a more challenging, “closed” business environment and negative outward perceptions stemming from place stigmatisation. All of these “additional costs” can serve to stymie OMEs' growth ambition.Research limitations/implicationsThe paper is based on a limited number of interviews conducted in one region in England. However, the contextualisation of the findings through a focus on PPIPs provides valuable insights and enables analytical generalisation.Originality/valueThe article develops a context-sensitive model of micro-business growth constraints, one that goes beyond the constraints inherent in the nature of micro-businesses and is sensitive to their local (socio-institutional) operating context. The implications serve to advance both how enterprise in the periphery is theorised and how it is addressed by policymakers and business intermediaries to support the growth of micro-businesses.

Information and Communication Technology and Growth in the Dominican Republic Microbusinesses

There is a growing concern on the part of researchers, academics and professionals in business and management sciences, to find those variables that have a greater degree of influence on the level of growth of microenterprises, and within the various existing variables In current literature, information and communication technologies (ICTs) seem to be the variable that generates the most positive effects on microenterprises, both in developed and developing countries. Therefore, the essential objective of this empirical study is to analyze the relationship between the adoption and use of ICTs of microenterprises located in the Dominican Republic and their level of growth, for which a sample of 1,199 microenterprises was considered. The results obtained show that ICTs have a significant positive relationship in the level of microbusiness growth.

EFFECT OF SOCIAL MEDIA MARKETING ON GROWTH OF MICRO ENTERPRISES IN WUSE II, ABUJA

This study set out to examine the effect of social media marketing on the growth of micro businesses in Wuse II, Abuja, Nigeria. The main objectives translated into two hypothesis to find out whether there was any significant relationship between Social Media usage, (independent variable) by micro business against increased brand awareness as well as increased sales (dependent variables). The study adopted a Descriptive survey method where data was collected using structured close-ended questionnaire. Data was collected from 99 respondents from the population of Micro Business in Wuse II comprising of management, staff and customers of the business. The collected data was analysed using Statistical Package for Social Sciences (SPSS) and the tools employed were model summary, analysis of variance (ANOVA) and co-efficient table in testing the research hypotheses. The findings showed that there is a significant relationship between social media usage by micro business and increased brand awareness; and findings also indicated that there is a significant relationship between social media usage by micro businesses and increased sales. The paper therefore concluded that social media marketing is as important as any other marketing strategy as it contributes to business growth in terms of increased brand awareness and increased sales. The paper recommends that businesses in Wuse II, Abuja and others should invest more in deploying social media marketing tools and also to train their staff to enhance social media usage.

Legal Aspects of Micro Business Development Institutions in State Purpose of Welfare

Micro-business is one of the activities that is currently almost 90% the share of business in Indonesia, considering the micro business is an informal business, and not many micro-businesses have been touched by the financing sector so that micro-businesses are not affected in the economic crisis. In addition, micro-businesses are complicated to develop their businesses due to the lack of requirements to get funding and guidance that is still not effective, resulting in the lack of information for businesses to take advantage of existing market share. Moreover, micro-businesses must also be able to adapt to continue and grow amidst the current difficult conditions. The problems in this study are 1. Growth of Micro Businesses and the Concept of Development and Funding amid Technology-Based Business Competition 2. Legal Aspects of Micro-Business Development in the Welfare State's Goals. Results of this Research As the goal of the welfare state is one of them to improve the social welfare of the community. Micro-businesses participate in the purpose of the welfare state because remembering micro business as one of the fundamental pillars of driving the economy in Indonesia. It is necessary to have an active role of government and society to participate in building micro-businesses to be more developed so that the increase of the economy both in the region and nationally. So that the government must be able to facilitate businesses so that micro businesses can develop as the objectives of the welfare state.

The Utilization of Zakah Productive towards Micro-Business Growth and Mustahik Welfare

One of the basic laws that the zakat seems to be ordered is the word of Allah SWT QS. At-Taubah verse 103, The study aims to analyze the effect of productive Zakat, Infak, Sedekah (ZIS) to the micro-business growth of mustahik of Muhammadiyah Society in Medan City, micro-business growth towards mustahik welfare of Muhammadiyah Society in Medan City, and simultaneously effect of Productive Zakat, Infak, Sedekah (ZIS) and micro-business growth to the mustahik welfare of Muhammadiyah society in Medan City. This research used quantitative descriptive analysis, the sample was selected by using quota sampling, and the data analysis technique used was multiple linear regression analysis. The results showed that there is a positive and significant influence between productive Zakat and mustahik welfare, there is a relationship between micro-business growth and mustahik welfare and also simultaneously there is a relationship between productive Zakat and the micro-business growth towards mustahik welfare of Muhammadiyah society in Medan city. The implication of this study is emphasizing the distribution of Zakat that more prioritizing on Productive Zakat.

City economies and microbusiness growth.

In developed countries, microbusinesses (those employing fewer than 10 people) and home-based businesses have been systematically overlooked in urban economic development thinking. This article assesses the influence of city location and being run from the business owner’s home on microbusiness growth, based on empirical analysis of panel firm-level data over a four-year period during the UK’s long boom. The analysis reveals that cities provide benefits to microbusinesses for turnover growth but not for employment growth – suggesting that the additional growth induced by cities for microbusinesses may be jobless growth. However, in the case of microbusinesses run from the owner’s home, cities facilitate growth into medium-sized businesses (with 50+ staff). In conclusion, microbusinesses, including those run from business owners’ homes, are integral to the evolution and dynamics of urban economies and essential to understanding the nature of growth in cities. Agglomeration theory needs to say more about how urban agglomeration benefits firms of different types and sizes, and small business and self-employment research needs to say more about the influence of location, in particular cities. How businesses use both commercial and residential property are integral to the nature of growth in cities.

Entrepreneurial Abilities and Barriers to Microenterprise Growth: A Case Study in Nepal

Studies of microbusinesses in poor countries find high marginal returns to capital but also lack of investments. This article analyses how segmentation in the capital and labour markets can act as an obstacle for high-ability entrepreneurs to invest in microbusinesses and also explain high marginal returns to capital. Using a household survey purposively designed for assessing barriers to microbusiness growth, we find that segmentation leads to inefficient allocation of entrepreneurial talent, labour and capital. This, in turn, leads to lower wages and smaller and less profitable businesses for lower castes, and lower economic growth of the local economy. The study covers a range of barriers to doing business, and finds that in addition to market segmentation, access to capital, lack of skills and knowledge are the main constraints to microbusiness growth.

Business Size Composition and Management Training Needs of Countries in the Eastern Caribbean

Abstract. Size composition of Eastern Caribbean businesses was found to be bimodal. Very few businesses employed 10 to 50 people, most had either a larger or a smaller number. This unexpected result emerged from a survey to determine management training needs in the region. The survey included 134 face‐to‐face interviews with business people. Respondents gave several possible explanations for this unusual pattern; among those mentioned were historical factors, barriers to entry, and to access to credit; racial stereotypes, and status perceptions. Respondents described the microbusiness sector and types of management training and of education that would stimulate the growth of micro businesses in contrast to training that would improve performance at larger companies. Respondents felt that restructuring the business sector of each economy, in terms of product mix as well as size composition, would help stimulate economic growth in the region.