THE St. Lucia Youth Business Trust (SLYBT), Thursday, hosted a training session on Financial Literacy as part of the St. Lucia Chamber of Commerce, Industry and Agriculture’s Small Member Support Program (SMSP). The SMSP was developed to build the capacity of MSMEs by providing Information, Skills and Knowledge, Tools and Support Services.
Another such training opportunity under this umbrella, this time in the area of Financial Planning and Budgeting for Small Businesses, will be held next week.
Financial Planning and Budgeting for Small Businesses will be aimed at assisting persons in understanding how they can ascertain insight regarding the general financial status and proficiency of their operations. Highlighted will be the need to go beyond the traditional business concepts to ensure survival and prosperity, especially in the current ever-changing and hyper-competitive global marketplace. Additionally, participants will be taught to appreciate the new dynamics and inter-relationship of forecasting, budgeting and business performance which collectively aid in determining their organization’s future success or failure.
The areas which will be covered are as follows:
• What is Financial Planning
• What is Budgeting
• Types of Financial Plans
• What is Financial Forecasting
• Benefits of Financial Forecasting
• Steps of Forecasting
• Forecasted Balance Sheet
• Forecasted Income Statement
The session will be facilitated by Mr Elias Maxius of EMAX Solutions. Mr. Maxius possesses over eight years of collective experience in Banking, Finance and Accounting. He is also a certified pro advisor holding advance certifications in QuickBooks Online and Quickbooks Desktop. The two-hour session will be held virtually on Thursday 29th July 2021 via the Zoom Platform from 6:00PM to 8:00PM.
Do not miss out on this most edifying opportunity. Registration information can be obtained via the SLYBT and the Chamber’s social media platforms. For any additional information on the upcoming Financial Planning and Budgeting for Small Businesses or the Small Member Support Program, contact the St. Lucia Youth Business Trust via telephone at 452 3165 or via email at [email protected] today!