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Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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THE EFFECTIVENESS OF FINANCIAL MANAGEMENT IN THE LOUNDRY SERVICE BUSINESS _ THE PEOPLE OF MAKASSAR CITY

Authors: Dr. Rustan M.Si;

THE EFFECTIVENESS OF FINANCIAL MANAGEMENT IN THE LOUNDRY SERVICE BUSINESS _ THE PEOPLE OF MAKASSAR CITY

Abstract

The results showed that poor financial management is a major obstacle to the development of laundry service businesses in Makassar City. Weaknesses such as unsystematic financial recording, mixing personal and business finances, lack of financial planning, and poor cash flow management can lead to business instability. In addition, reliance on personal capital, lack of understanding of financial management, and minimal use of technology further exacerbate this condition. Therefore, to improve the sustainability of laundry businesses, businesses need to implement better financial systems, improve financial literacy, and utilise technology so that businesses can grow more stable and competitive in the market. Good financial management is essential for the sustainability of laundry service businesses in Makassar City. Business owners need to implement sound financial planning, systematic recording of transactions, and separation of personal and business finances to maintain business stability. Cost-efficiency strategies, such as the use of energy-efficient equipment, bulk purchasing of raw materials, and utilisation of technology, also play a role in increasing profits. In addition, investment in business development and digital marketing can help laundries grow and compete in a competitive market.

Keywords

Business, Community, Strategy, Services

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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