Introduction to Financial Management for Entrepreneurship and MSMEs

In today’s rapidly changing economic and social landscape, it has become essential for every individual or business owner to effectively manage their finances.

Achieving success in this endeavor requires a fundamental understanding of financial management. This guide aims to empower entrepreneurs to better identify the financial goals of their businesses and enhance their ability to achieve them, thereby improving their chances of success in the business world.

Available exclusively in Arabic, You can acquire this Informative Guide from the “Downloads” section.

The guide sheds light on the stages of developing a business idea and the project lifecycle that anyone considering starting a business should take into account when developing a business plan. The guide then focuses on business budgeting, which is an important tool in business management as it helps track finances and ensures that the business progresses toward its financial goals. Additionally, it discusses financial projections for the business, which are crucial for decision-making as they help determine whether the business is profitable or in need of any changes in its strategy.

Finally, a dedicated section has been included about available sources of funding for businesses and their options, which are important to understand before choosing the appropriate source of funding that suits the needs and goals of the business.

Within the framework of the access to information service and for capacity building purposes, a number of training packages were prepared. These packages are devoted to training and capacity building service providers targeting MSMEs and their teams. The training packages were designed to encompass theoretical frameworks, practical exercises, and case studies to address prevalent queries and challenges encountered by businesses and entrepreneurs, while adhering to a scientific, interactive, and simplified approach to enhance learning outcomes.

Should you like to acquire the complete “Introduction to Financial Management for Entrepreneurship and MSMEs” training package, please do not hesitate to contact us.