Financial Literacy for Entrepreneur in the Industry 4.0 era: A Conceptual Framework in Indonesia

Since the Industry 4.0 has been impacting almost all industries, entrepreneurs should prepare their businesses very well including their financial aspect. In Indonesia, funding as the problem of Micro Small Medium Enterprises (MSMEs) is getting solved gradually so far by coordination of the government. Furthermore, the current challenge is managing the fund received by entrepreneurs. It becomes more challenging due to the emerging of financial technology implementation, particularly in Indonesia. Hence, it is required to have the good financial literacy for the prospective entrepreneurs in preparing their start-ups as well as for entrepreneurs in running their businesses. Based on the synthesis of literature review taken from an electronic database, this study examines the specific knowledge of financial literacy for entrepreneur, particularly in Industry 4.0 era. A conceptual framework of financial literacy for the entrepreneur is developed as the result of the study. This framework is beneficial as the guide for the financial literacy survey to the Indonesian entrepreneurs in the next study.