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Debt default will be a problem for banks and increase
the risk of the bank. Risk can be reduced by
evaluating financial feasibility. Financial feasibility
evaluating can be done through Net Present Value
(NPV), Internal Rate of Return (IRR) and payback
period analysis (Nugraheni and Suprihanto, 2015).
Research was held out in Tanjung Morawa. The
selection of the research area with the reasoning that
geographically the location of Tanjung Morawa is
very close to Medan, the capital city of North
Sumatera and it is the industrial centers of
Medan. Tanjung morawa is one of the sub-districts in
Deliserdang which has many industries from middle
to upper industries, even micro industries. Rapid
industrial development has become a major challenge
for micro-enterprises to survive, compete with
middle-to-upper industries. The aim of this research
is to analyze main obstacle and the feasibility of the
development of micro industries in the District
Tanjung Morawa Deliserdang.
2 RESEARCH METHOD
This research was conducted in Tanjung Morawa
Deli Serdang on July to September 2018. The
research object is the owner of the industrial micro-
sector who are made as respondents and domiciled in
Tanjung Morawa.The sample selection method used
Convenience sampling by choosing based for ease in
data retrieval. The sample selection like this on the
idea that the District Tanjung Morawa consisted of 25
villages and there is hundreds of micro-business
industry sectors in village. The results of data
described there were 31 micro-businesses which
were willing to provide the required data. Primary
data obtained from direct interviews with respondents
using a questionnaire. Financial analysis and
business development feasibility integrated in the
following stages:
1. Preliminary survey of the condition of micro-
enterprises in Tanjung Morawa.
The survey began by looking at the conditions of
various micro-industry businesses in Tanjung
Morawa District. Based on data from the Badan
Pusat Statistik (BPS) of Deli Serdang Regency, it
can be seen that the number of micro-businesses
spread in several villages and sub-districts of
Tanjung Morawa District consists of several
types of industries including food, beverage,
textile, furniture, wood, earthenware and many
others.
2. Determination of research samples.
The sample selection is based on the
Convenience Sampling method so that the data
search process is not determined in advance what
type of business the data will be taken.
Determination of samples on the basis of
convenience is done as well as possible so that
the types of industries chosen are very diverse,
including the food processing industry, furniture
manufacturing, sculpture and earthenware
making, broom making, corn processing, trident
and glass making.
3. Retrieving data to respondents
Data collection was carried out by involving 2
research members plus 4 team members. The data
collection method used is through in-depth
interviews with business owners using
observation sheets and filling out questionnaires
conducted by team members.
4. Data processing
Data is processed using descriptive statistical
methods to determine the size of the
concentration and distribution of data.
Furthermore, the data is processed using financial
analysis in the form of calculating the Net Present
Value (NPV), Internal Rate of Return (IRR), Net
Benefit / Cost Ratio (B / C Ratio), and Payback
Period
5. Results Analysis and Discussion
Analysis of the results and discussion is done by
tabulating and grouping the data obtained to get
conclusions about the difficulties faced by
business owners to develop their business.
Feasibility analysis based on financial capability
is carried out by the method of financial analysis
NPV, IRR, B/C Ratio, and Payback Ratio.
6. Analysis of the feasibility of developing micro
enterprises by financial analysis.
Financial analysis was followed by an analysis of
the feasibility of developing micro-enterprises in
the industrial sector in the Tanjung Morawa area.
Each calculation result of NPV value, IRR, B/C
Ratio and Payback ratio will be analyzed to
determine whether the business is feasible to be
developed or not.
7. Evaluation and improvement of analysis results
The next step is to perfect the results of the
research so that the conclusions needed are
needed in accordance with the research
objectives. Related to things the results of the
analysis will be prepared to be eligible for
publication.
The financial feasibility analysis used consists of
(Utari, Hadiana and Suryadi, 2016):
a) Net Present Value (NPV)
Financial Analysis and Feasibility of Micro Business Development Sector Industry Tanjung Morawa District Deli Serdang
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