The Role of Financial Literacy in Small Business Groups

This research explores the critical role of financial literacy in the development and sustainability of small business groups. The study examines how understanding basic financial concepts—such as budgeting, saving, investing, and credit management—impacts the performance and growth of small-scale enterprises. Through primary data collection and analysis, the paper identifies key areas where financial literacy contributes significantly to business decision-making and long-term success. The findings indicate a strong correlation between higher financial knowledge and better business outcomes, including profitability and resilience. This paper aims to highlight the importance of targeted financial education programs for entrepreneurs to strengthen the small business sector and contribute to the broader economic development of the country.