Business Plan Training Event Phase 2
November 5 @ 3:00 pm - 4:00 pm| Free – 5000FCFA
Small and Medium Size Enterprises (SMEs) contribute around 36% of Cameroon’s GDP, make-up over 90% of businesses in Cameroon and employ above 60% of the population (World Bank, 2014). Yet, glaring realities indicate that enormous potentials inherent in this sector are unfortunately not fully-harnessed – especially given that more than 70% of SMEs still operate informally. In most of the world’s economies, SMEs are regarded as vectors for job and wealth creation in addition to other economic activities.
For SMEs to thrive in the business world today, they need to draft an appropriate tool for business management, communication, and planning. This tool is referred to as a business plan. It helps entrepreneurs to understand the current situation of their enterprises and look forward to the future. A business plan drawn during the operation of the firm is vital for running the firm effectively, acquire new customers, partners, loans, and so on. According to research conducted by Jessie Hagen, U.S Bank “On top reasons why businesses fail” 78% lack a well-developed business plan including insufficient research in the business, poor market analysis, incapability of establishing workable goals, inability to know his/her target market, not knowing priorities, and general poor planning.
The Small Business and Entrepreneurship Center (SBEC) at the Denis and Lenora Foretia Foundation which focuses on equipping entrepreneurs with organizational and business management skills is organizing a Training Workshop which will run in different sessions from module 1 to module 5 starting from Thursday, November, 05, 2020, through zoom platform. This workshop is aim at building the capacity of entrepreneurs on writing a business plan that will upgrade their activities and promote economic growth in Cameroon.
THEME FOR THE TRAINING
Business Plan, an Ultimate Tool for Fueling Ambitions and Entrepreneurial Growth”
CRITERIA FOR APPLICATION
Participants must be small business owners in the formal and informal sectors, Business Women Associations, Farmers and agribusiness persons, People with brilliant business ideas.
ELIGIBILITY TO ATTEND THE TRAINING
- MUST BE AN SBEC NETWORK MEMBER
COST OF THE TRAINING:
Must Register at least on one of the following categories
- Simple Membership: 5,000francs (per year)
- Premium Membership: 25,000francs (per year)
Follow the link below to see the benefits of the above memberships Join SBEC Network
For more enquiries contact us through: 672 31 43 10
The participants of the workshop would be able to benefit from trainings on how to draft appropriate:
- Background and purpose
- Product or service development
- Market Analysis
- Operational Plan
- Financial projections
- Risk factors
- Organization structure and ownership
- The cover page and executive summary
- Opportunity to have your business plans reviewed by experts