Abstract

Author:
Glory Pearl C. Cordez

Doi: 10.26480/mbmj.02.2025.52.59

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Micro-small-medium enterprises (MSMEs) have played a crucial role in driving significant economic development in various cities across different countries. It is well known that a business’s success depends on diverse factors. This study was conducted to determine the socio-economic factors that impact the business owner’s success in the management of their micro-small-medium businesses (MSMEs) in San Pablo City in the province of Laguna. The socio-economic factors included income level, educational attainment, employment status, and economic condition, which are attributes that pertain to the quality of life, privileges, and opportunities for improving an individual’s status within a society. To test the hypothesis that there was a positive association between the factors and the management in the business, the survey instrument was distributed via online platforms, utilizing Google Forms and other social media, and personal interviews were conducted. A descriptive correlational research design was used to analyze the data obtained from (388) MSMEs who were randomly selected. The results showed a positive association between the factors influencing the management of MSMEs in the area. On this basis, socio-economic factors are taken into consideration in the growth and success of business owners across various industries.