Financial Management in SMEs
Fragment of a discussion from Talk:Ipyet/Financial Management in SMEs
Hi
Financial management is very important for any entrepreneur, including youth entrepreneurs who tend to have little or no experience in running an enterprise. Many youth have innovative ideas of what businesses to undertake but struggle to identify sources capital. This is particularly true in rural areas. My experience with most youth entrpreneurs is that they are not aware of the various funding opportunities or they may be aware of the opportnuties do not have detailed information and/or capacity to apply.
Learning about financial management enables youth entrepreneurs to develop some traits necessary for managing a business such as separating the business from family issues
