Abstract:
This study explored the financial managemen.t techniques used by successful women entrepreneurs in
Moshi Municipality, Tanzania, using in-depth study of four successful and three unsuccessful women
entrepreneurs. Results of the study suggest that successful women entrepreneurs' financial management
practices are radically different from those reported in the mainstream literature ab6ut small business
operators in Tanzania in general. The successful women entrepreneurs were found to be principled and
systematic. They keep business financial records and hire accountants to prepare financial statements.
They exercise control of business through financial discipline, physical checking and supervision,
controlled personal expenditure, and uphold clear business/ personal interface. They aLso make use of
consultants. Researchers, governments, SME promotion agencies and training institutions are advised to
value and consider women's differences in background, business experience and practices. Training
institutions are advised to use the results for training.
