Business Training held on 5th September, 2010

The Training was attended by 20 members, of which general members were part but a must to project heads. (Chicken, Goats, Tailoring, Agriculture and piggery.

The training was very participatory and the following core principles were emphasized.
• Balance sheet
• Profit and Loss statement
• Income statement
• Business Plans
• Cash flows
• Business Management
• Project sustainability

In the discussion, the group members were able to learn the following:-
• What Book keeping /financial literacy is?
• Benefits of Book keeping
• How to make records
• Kind of records
• Business doccuments
• And the relationship between the training and the ongoing projects

The members were able to appreciate the value of the training because, they realized how far the group has moved and the progress it had to –date, therefore needed to have good records to reflect their activities i.e. incomes and Expenditures.

During the training, the members were able to learn some facts about life:-
• Saving rate=Savings/income
• Encouraged to shop in bulk
• Plan for incomes
• Not to undermine Businesses(i.e. have side income)
• Set targets/projections
The statement above gave a lesson to the members because they are supposed to spend less than what they earn.

Emmanuel

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Hi Emmanuel

I am happy to see things going so well, your group are making great progress!

Is your training material in a form that could be shared with other Nabuur villages, either locally or online?

Mary

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Hi Mary,

I will avail the training material for nabuur users ASAP.

Regards,
Emmanuel

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Thanks Emmanuel :)

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Hi all,

As requested by Mary, I have managed to attach some of the useful material for entrepreneurship training. I will be attaching more with time. Also a detailed report about our projects will be coming your way soon.

Regards,
Emmanuel

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