Does Maintaining Liquidity Improve the Performance of Small Businesses

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Exploratory qualitative study shows liquidity management improves financial sustainability in SMMEs, highlighting its role in economic growth.

Effective liquidity management improves the growth and sustainability of small businesses.
Financial management practices are lacking among many small businesses, with most struggling to thrive.
An exploratory qualitative study conducted through interviews revealed significant obstacles to effective financial management.
The implementation of financial management principles leads to higher revenues and the prolonged existence of small businesses.

Gumede et al. (2025) studied this question.

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Exploratory qualitative study shows liquidity management improves financial sustainability in SMMEs, highlighting its role in economic growth.