Small Medium Enterprise (SMEs) a great contributor in the development of the economy of one country. It varies from different perspectives but its main agenda is to enhance and contribute development and change to the society and to the country as a whole. Many problems encountered by different SMEs around the globe because of lack of technical help from the government at the same time from the owners itself. But the government agency tries to develop a concrete help in attaining its stability of the enterprise.
Since then, they discover many changes and possibility of bankruptcy. They are somehow affected by different factors in the economy such as, resources, management skills, technical and technological resources. But the most common problem of SME's owners' are how to management their financial resources. So they need, a skills on financial management.
Financial management is one of the main function of management in handling with the resource and monetary aspect of enterprise for funding and operating a business with adequate return. The financial management will tackle the advantages and disadvantages of various funds in term of capital. As the enterprise needs capital to start, the financial management plays an important role in locating the different sources in term of owners' wealth, shared capital and other sources of funds in order to operate the business.
SME's hard to analyze the risk and return of their capital. Owners' should develop this kind of management skills in order to achieve their desired goals. And as agent of development to the dying economy of the country. Your not only allowing your wealth to increase but the owners also help the society by giving opportunity.
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