Financial Management in SMEs
Dear participants, This has been a very lively discussion. What I draw from your dicussions and contributions is that knowledge about financial management and the ability to apply this knowledge is key to the success of youth entrepreneurship.
What has also come out from this dicussion is that the youth usually have insufficient knowledge about financial management to enable them effectively source for business finance.
All these issues can form component of a financial management training. As stated in the discussion paper, training in financial managment must include guiding the youth to understand among other things the basic financial statements and their uses in an enterprise.