Financial Management for Start-ups and SMEs Training Course

Module 1: The Financial Environment of Startups and SMEs

• The unique financial challenges of start-ups and SMEs
• The role of financial management in business success
• Key financial stakeholders
• The difference between a startup and a small business
• Practical session: A discussion on a case study of a startup's financial journey

Module 2: Financial Planning and Budgeting

• The importance of a financial plan
• Creating a startup budget
• Forecasting revenue and expenses
• The use of financial models and templates
• Practical session: A hands-on exercise on creating a financial budget for a new business idea

Module 3: Sources of Finance and Funding

• An overview of self-funding and bootstrapping
• The role of venture capital and angel investors
• The use of debt financing (e.g., bank loans, lines of credit)
• The importance of grant funding and crowdfunding
• Practical session: A group exercise on evaluating different funding options for a startup

Module 4: Financial Statements and Analysis

• An overview of the income statement, balance sheet, and cash flow statement
• The importance of financial statement analysis
• Calculating key financial ratios
• The role of financial reporting
• Practical session: A hands-on exercise on analyzing a set of financial statements

Module 5: Cash Flow Management

• The importance of cash flow for small businesses
• The difference between profit and cash flow
• Techniques for improving cash flow
• The role of working capital management
• Practical session: A group exercise on how to manage cash flow in a seasonal business

Module 6: Pricing Strategy and Revenue Management

• The role of pricing in financial success
• Different pricing strategies for products and services
• The importance of cost-benefit analysis
• The role of revenue management
• Practical session: A group discussion on a case study of a company's pricing strategy

Module 7: Risk Management and Internal Controls

• The key financial risks for a small business
• The importance of internal controls
• The role of a fraud risk assessment
• The importance of a robust cybersecurity plan
• Practical session: A group exercise on how to identify and mitigate financial risks in a business

Module 8: Valuation and Investor Relations

• The purpose of business valuation
• Different valuation methods
• Preparing for a pitch to investors
• The importance of managing investor relationships
• Practical session: A role-playing exercise on pitching to a potential investor

Module 9: Legal and Regulatory Compliance

• The legal framework for small businesses
• The importance of tax compliance
• The role of a company secretary
• The importance of a legal audit
• Practical session: A group exercise on how to ensure legal compliance for a business

Module 10: Capstone Project: Developing a Financial Plan

• A comprehensive review of all course modules
• Participants work on a full-scale financial project
• Developing a financial plan for a new or existing business
• Presenting their plan and its projected impact
• Practical session: Finalizing and presenting a complete financial plan to the group

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588