Facilitation considerations in Financial Management Training Delivery
Dear participants, It is indeed important that the practicality of financial management training goes beyond the class room situation. Engaging the youth in real enterprise practice even at project level is one of the best ways of facilitating long lasting learning among the youth. The United Nations Conference on Trade and Development (UNCTAD) has a very useful training package called EMPRETEC which requires participants to run and close an enteprise within the six days training period. It is most ideal for the youth wishing to start their own Businesses. The International Labour Organisation (ILO) also has a training package called Improve Your Business (IYB) which assists entrepreneurs to understand and apply the basic principles in financial management. The IYB training package has a very exciting business game which allows entrepreneurs to practice enterprise in a simulated environment. More about this during the face to face training!--nkl 10:05, 24 February 2011 (UTC)
Hi Naomi & Hi participants, My name is Susiku Nasinda. Financial management is at the heart of any successful business. It is almost impossible make it in business without establishing sound systems of Financial management. Finance involves selection and application of funding for a particular project, ie are going to use borrowed funds and at what rate of interest? or are we going to use savings? etc. Taking time to manage funds well is therefore key as it could contribute to the success or failure of a business.
Without doubt, FM training must be included in entrepreneurship training.
Naomi, am happy that this topic is brought up first online and then the most interesting one is to finish it on a face to face training. am being enriched by this discussion, as I have planned to integrate our training programmes with FM and Bookkeeping for students who just want start their own business as well as those who are already in business but do not have the required skills. thanks for sharing the packages. are the packages for free?
Thanks Naomy,
I am looking forward to learning more at the Face to Face Training
It is great to hear that the United Nations (UN) and International Labour Organisation (ILO) have platforms to help train the youth. I personally give a thumbs up to these international organisations. Like Shining Star said, we cannot wait to be part of the face-to-face, our appetites are very wet. --Kafuiaheto 18:48, 24 February 2011 (UTC)
Hey NAOMI, imissed the session on the UN enterprenuership yestaday, when is the next one coming. I need to participate also. Thank you
Hello Issac
You can participate in the discussions at any time. As you are aware, the discussion on the topic financial management in SMEs will wind up by end of day today. Until then you are free to contribute to the discussion--nkl 12:33, 25 February 2011 (UTC)
