Financial Management Strategy for Technology Start-Ups in Bandung, Indonesia
DOI:
https://doi.org/10.37899/mjdm.v1i1.25Keywords:
Financial Management, Technology Start-ups, Bandung, Indonesia, Sustainable GrowthAbstract
This paper examines the financial control strategies that technology start-ups in Bandung, Indonesia use and whether they affect the overall performance of businesses or not. The study followed a quantitative research approach based on the use of descriptive statistics, paired-samples t-tests, regression analysis, ANCOVA, and the Pearson correlation to process information using a sample of the tech-based start-ups. The findings are highly important to highlight the importance of effective budgeting efforts, proper financial projections, encompassing the use of financial technologies (fintech), and achieving the financial performance with the help of strategies specific to the industry in increasing the financial results and the success, overall. The study findings can be effectively practical to both new and upcoming start-ups and even the policymakers focusing on the significance of strategic financial management to achieve sustainable entrepreneurship growth in Bandung entrepreneurial dynamism.
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