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All Journal International Journal of Advanced Multidisciplinary
Saputra Hasibuan, Edi
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Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences

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Enhancing Financial, Legal, and Risk Management for MSMEs in Brunei Darussalam: Strategies for Sustainable Growth Saputra Hasibuan, Edi; Suraji, Robertus; Ikhsan, Arfan; Sastrodiharjo, Istianingsih
International Journal of Advanced Multidisciplinary Vol. 3 No. 3 (2024): International Journal of Advanced Multidisciplinary (October-December 2024)
Publisher : Green Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/ijam.v3i3.669

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Brunei Darussalam's economy, playing a significant role in employment absorption and contributing notably to the Gross Domestic Product (GDP). However, MSMEs in Brunei often face challenges in financial management, legal compliance, and identifying as well as managing operational risks. This Community Service Program aims to equip MSMEs in Brunei with practical skills related to financial management, legal compliance, and risk mitigation tailored to their operational context. Based on a literature review and the implementation results, this paper outlines comprehensive strategies to assist MSMEs in addressing these challenges and fostering business sustainability. The findings indicate that this educational intervention significantly enhances the awareness and capabilities of MSMEs in Brunei in managing financial and legal challenges, while also preparing them for audits by regulators.
Co-Authors Arfan Ikhsan, Arfan Istianingsih Sastrodiharjo, Istianingsih Suraji, Robertus