POTENTIAL FOR DEVELOPING ENTREPRENEURSHIP BASED ON FINANCIAL BOOKKEEPING FOR THE COMMUNITY AT THE COOPERATIVES AND UMKM SERVICE OF TANGERANG CITY

Abstract

One of the main obstacles and barriers in controlling cooperatives is the lack of competent human resources (HR). Many cooperatives are managed by individuals who lack managerial knowledge and skills. This often results in inappropriate decision making, inefficient financial management, and difficulty in developing effective business strategies. Cooperatives often face financial constraints, especially in terms of capital. Many cooperatives have difficulty in accessing adequate funding sources. This is due to several factors, including limited collateral that can be provided by cooperatives, as well as a lack of trust from financial institutions in the cooperative's ability to manage loans. Partner problems: a) Lack of information and access to entrepreneurial management to support waste-based MSME businesses, b) Lack of partner understanding regarding capital financing, especially profit-sharing financing based on household waste management, c) Partner financial management has not used financial products. Solutions: a) Provide counseling to partners on managing business feasibility studies and financial management, b) Provide counseling and simulations to partners on financing, especially profit-sharing contracts, c) Provide roleplays on financial management products. You can imagine how much waste is disposed of by households and industries. To support the UMKM program of the Tangerang City Cooperative and UMKM Service and to socialize the utilization of Potential for Developing Entrepreneurship Based on Financial Bookkeeping for the Community at the Cooperatives and UMKM Service of Tangerang City. Transparency and accountability are the keys to healthy cooperative management. Unfortunately, many cooperatives still face problems in terms of financial and operational transparency. Non-transparent management practices can raise suspicion and distrust from members, which can ultimately reduce their participation and commitment to the cooperative. Government regulations and policies also play an important role in controlling cooperatives. Some existing regulations may be less supportive of the growth and development of cooperatives. For example, regulations that are too strict or complicated bureaucratic procedures can hinder cooperatives from running their operations efficiently. Active participation from members is one of the basic principles of cooperatives. However, member participation in cooperative management is often lacking. This can be caused by various factors, such as a lack of understanding of the roles and responsibilities as cooperative members, or because they feel they do not have a direct interest in managing the cooperative.