SECTION A- DEMOGRAPHICS
1. Respondent’s Demographics
1a. Gender:
Male Female
1b. Age of Respondent:
Below 21 21-34 years
35-48 years 49-62 years
62 and above
1c. Work Experience
Have you ever work in a finance or accounting role? Yes No
Have you received any additional training or certifications related to finance or
accounting? Yes No
2. Firm Demographics
2a. Number of employees
Less than 6 6-15 16-24
25-49 50-99 more than 99
2b. Age of the firm:
Less than 1 year 1-3 years 4-6 years
7- 9 years More than 10 years
2c. Type of Business
Services Agri- business Construction
Manufacturing Retail Others(Specify):
SECTION B: FINANCIAL PLANNING IN THE FIRM
3. Does your firm undertake any financial planning?
Yes No
4. Indicate to which extent your firm undertakes the following financial planning activities.
Very great Great Moderate Less No extent
extent extent extent Extent at all
Tracking cash inflows and
outflows
Budgeting and Forecasting
Managing Debt
Developing contingency plan
5. Indicate the extent to which you undertake the following business activities.
Very great Great Moderate Less Extent No extent
extent extent extent at all
Recording the transaction of your
business
Comparing cost and selling prices
before buying stocks
Monitoring stock levels
Setting profit target periodically
SECTION C: BARRIERS TO FINANCIAL PLANNING
A. What are the factors that hinder your business from engaging in financial planning
activities.
1. Insufficient knowledge of financial
planning process.
2. Size of Business
3. Short term focus
4. Lack of perceived benefits
5. Fear of change
6. Lack of resources
SECTION D. OPEN ENDED QUESTIONS
1. What are the various financial planning activities being done by your business?
2. What challenges have you encountered in implementing financial planning practices in
your business?
3. How does implementing financial planning practices help your business in terms of
financial sustainability?
4. What advice would you give to other small and medium sized business enterprises
regarding financial planning?
