There is sufficient evidence to suggest that one of the major problems of micro/small and medium-scale enterprises is the inability of operators to obtain funds from relevant financial institutions. The reasons include poor packaging of business proposals, inadequate record keeping, inappropriate costing structure, poor accounting records, absence of retirement/ succession plan, and disregard to quality control and quality assurance, among other things. The above workshop is designed to give a comprehensive package that will address funding problems and improve performance in the sub-sector.
- Preparation of Business Plan/Proposal Defence
- Cost Management and Sustainability Strategy
- Financial Forecasting and Strategic Inputs
- Preparation of Cash Book and Bank Reconciliation
- Interpretation of Financial Statements
- Salary/Wage Administration and Retirement Planning
- Quality Control and Quality Assurance
- Recent Developments in Funding SMEs and Limitations
- Financial Discipline in Micro/SMEs
- Monitoring and Evaluation
At the end of the workshop, participants will be able to:
- Develop, prepare and defend their business plans;
- Prepare relevant financial statements;
- Analyse and interpret accounting statements;
- Maintain sustainable quality control and quality assurance for operators; and
- Develop retirement and succession plan.
Lectures, discussions and role-play, case studies, exercises and field trip. Audio-visual aids will be used to enhance learning.
Micro/SMEs Operators, Cooperative Societies Managers, Extension Workers, Unions, NGOs, those responsible for Micro/SMEs in federal and state government institutions, Management Consultants, Bankers and workers of other financial institutions.