Unlocking the Secrets to Sustainable Financial Success for Malaysian SMEs
Small and Medium Enterprises (SMEs) play a crucial role in Malaysia's economy, but many of them struggle financially and fail within the first few years. A study looked at factors like financial knowledge, attitude, socialization, and accounting skills that affect SMEs' financial performance. Using statistical analysis, it was found that all these factors, except financial skills, have a significant impact on SMEs' financial success in Malaysia. This suggests that focusing on these key factors can help improve SMEs' financial performance and increase their chances of survival in the industry.