Financial management practices of the registered thrift store businesses in Naga City
Abstract
The study examines the financial management practices of registered thrift businesses in Naga City, aiming to enhance their financial performance and long-term success. The study examines a range of factors significantly impacting financial management. It identifies key factors influencing financial management, such as budget and cash flow management, financial controls, and planning, while the research also addresses challenges faced by thrift stores. The findings led to the creation of "THRIFT: A Financial Management Guide for Thrift Store Owners," a comprehensive resource that offers strategies, tools, templates, and practical tips to improve financial management and promote sustainability within these businesses.
Downloads
References
Ahmed, K. (2024, July 29). Cash flow management. WallStreetMojo. https://www.wallstreetmojo.com/cash-flow-management/
Austria, P., Brizo, J., Rambacod, J., & Ramirez, M. (2024). Factors that influence the purchase of Ukay Ukay in Kuris Kuris Fashion Boutique in Sta. Rosa, Laguna: Basis for new marketing approach. https://ojs.aaresearchindex.com/index.php/aasgbcpjmra/article/view/13834
Beaver, S. (2022). 25 key financial controls for small businesses. https://www.netsuite.com/portal/resource/articles/accounting/small-business-financial-controls.shtml
Bewickie. (2023, December 12). Budget management: Techniques and tips for businesses. Moss. https://www.getmoss.com/guide/en/budget-management/
Cabildo, A. V. (2022). 10 biggest malls in the Philippines for your shopping fix. Tripzilla Philippines. https://www.tripzilla.ph/biggest-malls-philippines/38835/
ChFC, C. L. (2024, April 19). Cash flow management: Definition, strategies, & monitoring. Finance Strategists. https://www.financestrategists.com/wealth-management/financial-statements/cash-flow-statement/cash-flow-management/
Del Vecchio, L. (2024, June 4). Financial controls: What are they, best practices, and how to enforce them. Planergy Software. https://planergy.com/blog/financial-controls/
Fraxion. (2023, June 30). Overcoming finance challenges: A comprehensive guide for finance leaders. https://www.fraxion.biz/blog/overcoming-finance-challenges-a-guide-for-finance-leaders
Gagliordi, N. (2023, November 27). Top 14 financial management challenges for businesses. https://www.oracle.com/erp/financials/financial-management-challenges/
Hall, S. (2024, August 7). Five essential financial controls every financial leader must implement. eftsure. https://eftsure.com/blog/processes/five-essential-financial-controls-every-financial-leader-must-implement/
Hussain, S. (2024, January 16). Cash flow management: Definition, importance & strategies. KredX Blog. https://www.kredx.com/blog/cash-flow-management-guide/
Jhajharia, S. (2024). Financial management for small businesses. Growth Idea Ltd. https://growthidea.co.uk/blog/financial-management-for-small-businesses/
Johnston, M. (2023). How Alibaba makes money. Investopedia. https://www.investopedia.com/articles/investing/21714/how-does-alibaba-make-money-simple-guide.asp
K, R. (2023). The role of financial management in sustainable business growth. LinkedIn. https://www.linkedin.com/pulse/role-financial-management-sustainable-business-growth-khan-fcca
Kenton, W. (2024, June 18). Internal controls: Definition, types, and importance. Investopedia. https://www.investopedia.com/terms/i/internalcontrols.asp
Kumar, A. (2023, August 12). What is budgeting? Definition, 12 elements, types, advantages and disadvantages. Getuplearn. https://getuplearn.com/blog/budgeting/
Luenendonk, M. (2022, December 5). Financial controls - Overview, required processes, examples. FounderJar. https://www.founderjar.com/financial-controls/
Manning, L. (2024, August 1). Financial planning: What it is and how to make a plan. Investopedia. https://www.investopedia.com/terms/f/financial_plan.asp
Mufaro, D., & Rodgers, N. (2022). Cash flow management challenges faced by small family-owned businesses in Zimbabwe. https://www.researchgate.net/publication/367226820_Cash_Flow_Management_Challenges_Faced_by_Small_Family-Owned_Businesses_in_Zimbabwe
Papagiannidis, S. (Ed.). (2023). Resource-based theory. TheoryHub Book. https://open.ncl.ac.uk/theory-library/resource-based-theory.pdf
Prosperna. (2023, September 28). How to create a successful Ukay-Ukay business plan in 5 easy steps. Prosperna Marketing Site. https://prosperna.com/benefits-of-starting-an-ukay-ukay-business/
Ravichandran, S. (2024, October 3). Pricing strategy: Definition, types, and how to choose. Wishup Blog. https://www.wishup.co/blog/pricing-strategy/
Ruparelia, A. (2024, April 16). What is cash flow management, and what does its process entail? https://agicap.com/en/article/cash-flow-management/
Ryzhkov, A. (2023, April 5). Managing thrift store operating costs: Tips & strategies. FinModelsLab. https://finmodelslab.com/blogs/operating-costs/thrift-store-operating-costs
Sheykin, H. (2023, October 2). Thrift store financing: Complete guide to raising capital. https://finmodelslab.com/blogs/rising-capital/thrift-store-rising-capital
Tamplin, T. (2024, February 16). Financial planning: Definition, principles, process, & tools. Finance Strategists. https://www.financestrategists.com/financial-advisor/financial-planning/
ThriftCart. (2024, February 9). Cash flow challenges for thrift stores. ThriftCart. https://thriftcart.com/blog/cash-flow-challenges-for-thrift-stores/
Utami, H., & Alamanos, E. (2023). Resource-based theory: A review. https://open.ncl.ac.uk/theories/4/resource-based-theory/
Voigt, K., & Benson, A. (2024, July 15). Financial planning: A step-by-step guide. NerdWallet. https://www.nerdwallet.com/article/investing/what-is-a-financial-plan
The authors and co-authors warrant that the article is their original work, does not infringe any copyright, and has not been published elsewhere. By submitting the article to GPH-International Journal of Business Management, the authors agree that the journal has the right to retract or remove the article in case of proven ethical misconduct.
