Financial Planning and Management for SMEs Training Course
Course Overview
| Course Title | Financial Planning and Management for SMEs Training Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Duration | TBA days |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | TBA |
| Course Fees (Virtual) | |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview:
This 5-day course offered at T4D is designed specifically for owners, managers, and financial professionals in small and medium-sized enterprises (SMEs) to develop a thorough understanding of effective financial planning and management. It covers essential topics such as budgeting, cash flow management, funding, financial analysis, and strategic planning to support the sustainable growth and financial health of SMEs. Through hands-on exercises and case studies, participants will gain practical skills to make well-informed financial decisions, optimize resources, and address financial risks.
Course Duration:
5 Days
Target Audience:
- SME owners and managers
- Financial officers in small businesses
- Entrepreneurs and startup founders
- Accountants and consultants working with SMEs
- Business development advisors for SMEs
Personal Impact:
- Gain essential skills for managing finances in an SME environment.
- Develop practical expertise in cash flow management, budgeting, and financial planning.
- Enhance your capacity to make informed, data-driven financial decisions.
Organizational Impact:
- Improve financial resilience and planning for SME growth.
- Optimize resource allocation and cash flow management.
- Strengthen long-term financial stability and risk management.
Course Objectives:
By the end of this course, participants will be able to:
- Create detailed budgets and financial forecasts tailored to SMEs.
- Effectively manage cash flow to support business operations.
- Assess various funding options suitable for SMEs.
- Use financial analysis to track and improve performance.
- Implement strategies to mitigate financial risks and support growth.
Course Modules
Course Outline:
Module 1: Foundations of Financial Planning for SMEs
- Understanding financial planning and key financial documents
- Basic financial statement interpretation: balance sheet, income statement, cash flow
- Key performance indicators and financial metrics for SMEs
- Practical Exercise: Creating and analyzing SME financial statements
Module 2: Budgeting and Financial Forecasting
- Developing realistic budgets to guide financial decisions
- Forecasting revenue and expenses for effective financial control
- Budget variance analysis and adapting to changes
- Case Study: Building and managing a budget for a small business
Module 3: Cash Flow Management and Working Capital
- Importance of cash flow for business sustainability
- Techniques for managing working capital and optimizing liquidity
- Cash flow forecasting and tracking inflows and outflows
- Practical Exercise: Creating a cash flow statement for an SME
Module 4: Funding and Financing Options for SMEs
- Overview of available funding sources for SMEs
- Debt vs. equity financing, grants, and crowdfunding
- Approaching financial institutions and investors
- Case Study: Selecting a suitable financing option for an SME scenario
Module 5: Strategic Financial Management and Risk Mitigation
- Identifying financial risks and implementing mitigation strategies
- Strategic planning for profitability and growth
- Using financial ratios and tools to monitor financial health
- Real-life Project: Creating a financial plan that supports SME growth
Course Administration
Methodology
Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation & Airport Transfer
Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.
Payment
Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].
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