Hello. Can I ask for ur help, your idea on how or what to answer these?

1. How can your research study be put into practice? 2. How would you summarize your study to a practicioner using few sentences 3. What would you modify if you were to conduct the study again? 4. How would you relate your findings to existing theories on the study?

1. FINDINGS The majority of the respondents who owned small businesses responded that they have been in the industry for a long time. Most interview respondents started doing business with an influence from their family and to sustain financial needs not just for themselves but also for their family. . It was perceived that most of the respondents have experience issues in financial management through its lack of capital to sustain the business and security funds in growing the business. Majority of the participants financial coping mechanism are through bank loan or 5/6, seek help from family or close friends, hard work and keep track of finances. CONCLUSION Based on the findings, most small-business issues during startup relate to the lack of capital to finance the business. Starting up a business for them is a difficult task, particularly when it comes to funding. They were resulting in lending money to maintain sufficient capital to cover startup costs and 7 V 44 J L maintain and expand operations. Managing expenses and incredibly spending the income generated on personal and daily needs harms sustainability. Another problem is the ability to maintain profitabilitywhen there are no customers, which affects sales. During the abrupt rise of these issues, they responded to them by keeping up, handling finances well, seeking help from family, loans, and using personal savings. Moreover, coping mechanisms during these startup issues are: c Securing a loan. 0 Bargaining with suppliers. 0 Keeping track of finances. 0 Listing debts. o Paying on time. o Eliminating unnecessary spending. Therefore, capital and funds must always be both available and accessible at any given time for any part of the business operations, especially during startup. These are impossible without financial management. Unknowns and unexpected events are expensive financially if they will borrow funds. RECOMMENDATIONS 45 J i_ Based on the findings and conclusions presented on the study, the following recommendations are suggested: 1. Small business owners should always have financial planning because it helps them to be in control of their income, expenses, and investments such that they can manage their money and achieve their goals. 2. Review, revamp, research, and rewrite the business plan if the current method of action isn't working out, which includes business expenditures on advertising and products to gain more customers. 3. Seek loans and grants specifically designed to help existing businesses grow. 4. Select the most appropriate funding option to increase the chances of receiving the funds. 5. Strengthen your resilience to protect yourself. Recognize that life is packed with challenges. Objectively assess the circumstances. Instead of ignoring the problem, speak with a trustworthy friend or family member. 6. Seek the advice of a business mentor or counselor. To assist your business's growth. tap into their wealth of knowledge and personal experiences. 7. Your business will eventually dry up and die if you don't have continuous cash flow. You'll be unable to pay your bills unless you have money flowing in. Create a cash flow projection to see how much money is coming in and going out. it will provide you _, ' 7. Your business will eventually dry up and die if you don't have continuous cash flow. You'll be unable to pay your bills unless you have money flowing in. Create a cash flow projection to see how much money is coming in and going out. It will provide you 7 l 46 J L with information about your financial future. 8. Consider what went wrong and how to solve the problem that caused the business startup to fail or have problems. Learn from mistakes and proceed with caution the next time. Take inspiration from those who have tried and failed many times before achieving their goals. THE PROBLEM Statement of the Problem The study will explore financial management issues of selected small businesses in Barangay Ermita, Cebu City. Specifically, will seek answer to the following questions: 1. What are the financial management issues of the selected small businesses? 2. How the small businesses cope with the financial management issues? ABSTRACT Starting a business is no doubt a fascinating and, at the same time, challenging venture. It has a vast scope that impacts various aspects of business. The financial aspect is one that weighs heavily. It plays an important role in starting and keeping the business going. Thus, it corresponds to a huge concern as well. This led to the conduct of this study to find out what different financial management issues are during business start-ups and the respective coping mechanisms used. The researchers conducted a qualitative research study design using in-depth interviews to obtain information from a purposeful sample of five small-business owners at Barangay Ermita, Cebu City. A random selection procedure was utilized in choosing the respondents. The data was acquired and analyzed in accordance with the single case study approach used in this study. According to the findings, it is critical to have adequate funding in starting a business and even financial backing, as well as effective spending allocation and profit-sharing allocation. 7 V iv J L Keywords: Small businesses, financial management issues. coping mechanism FINANCIAL MANAGEMENT ISSUES DURING START-UPS AMONG SELECTED SMALL BUSINESSES IN BARANGAY ERMITA, CEBU CITY A Research Proposal Presented to College of Business and Accountancy42 CHAPTER 3 SUMMARY, FINDINGS, CONCLUSION, AND RECOMMENDATION This chapter presents the summary, findings, and conclusion based on the result of the study. SUMMARY This study focuses on issues in the financial management of small business start-ups. The first phase when starting a business is crucial to its success, it is best to know what financial management issues are present during that stage and how will it be overcome. It has come to a point where most perceived that new startups will either fail or stumble in the tight competition in the market. This study will help future startup businesses on how to deal with their financial management issues and how they will rise when they stumble. This study was conducted to find out what financial management issues a small business startup will face. Furthermore, small business owners coping mechanisms will also be presented. This study was conducted utilizing surveys and face-to- face interviews with qualified research participants from different working sectors, most specifically the owners of the selected small businesses. These respondents are all small j V 43 J L business owners of Barangay Ermita, Cebu City