This paper proposes a comprehensive framework for financial control and performance management tailored to small and medium-sized enterprises (SMEs). It addresses critical areas including budgeting, risk mitigation, and profitability enhancement, which are pivotal for the sustained growth and competitive edge of SMEs in dynamic markets. The framework integrates strategic financial planning, robust risk management techniques, and performance monitoring to ensure effective allocation of resources, timely decision-making, and the achievement of financial objectives. By emphasizing transparency, accuracy, and foresight in budgeting, as well as proactive identification and mitigation of financial risks, this framework aims to optimize profitability while maintaining financial stability. The proposed model is designed to empower SME leaders with tools and strategies that foster long-term viability, efficiency, and resilience in an ever-evolving business environment.