International Journal of Advanced Multidisciplinary
Vol. 3 No. 3 (2024): International Journal of Advanced Multidisciplinary (October-December 2024)

Enhancing Financial, Legal, and Risk Management for MSMEs in Brunei Darussalam: Strategies for Sustainable Growth

Saputra Hasibuan, Edi (Unknown)
Suraji, Robertus (Unknown)
Ikhsan, Arfan (Unknown)
Sastrodiharjo, Istianingsih (Unknown)

Article Info

Publish Date
04 Oct 2024

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.

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Journal Info
International Journal of Advanced Multidisciplinary
Website

Abbrev

IJAM

Publisher

Green Publisher Indonesia

Subject

Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences

Description

International Journal of Advanced Multidisciplinary (IJAM) is an international, peer reviewed, open access, scientific and scholarly journal which publishes Research papers, Review papers, Mini reviews, Case reports, Case studies, Short communications, Letters, Editorials, Books, Thesis, ...