Correlation Analysis of Educative Experience and Finances in the Business Entrepreneurship in Baja California, Mexico

Abstract

Entrepreneurship development is very important to the economy of every region in the world. This relevant activity is of great interest in the field of finance, which involves the management of human, material, and economic resources. Great entrepreneurs face significant challenges and must have knowledge in finance to control the processes of the business activity they wish to develop. Financial management is of great support to achieving success for both industrial and commercial companies. In every entrepreneurial activity, relevant aspects related to finance must be considered, such as planning and budgeting, cost control, cash flow, financing and capital, and financial analysis; each of which has its role to ensure the optimal development of the business. Furthermore, entrepreneurs must have knowledge of educational finance, financial tools, adequate staff hiring, constant monitoring of entrepreneurial and business activities, and always be prepared for unexpected factors that can generate imbalances in the entrepreneurial enterprise. In this research analysis, an evaluation was conducted in three cities in the state of Baja California, the most important in this region of the Mexican Republic: Ensenada, Mexicali, and Tijuana. Surveys were conducted on the entrepreneurial process and its relationship to finance. The research was conducted from January to June 2025, yielding significant results.