Financial Literacy for Non-Financial Entrepreneurs – 18th November 2015
Hosted by Viljoen Consulting, Sisibukula & Business Engage (formerly known as WIF – Women in Finance)
Getting the numbers right can mean the difference between failure or success – understanding how the numbers work and then implementing that knowledge will make a difference to your bottom line
Accounting is a language used to communicate important information about a business’ financial status and as a small business owner and entrepreneur understanding this language is vital to the financial success of your business. After all, how can you look after your bottom line if you don’t know what it is!
Financial Literacy for Non-Financial Entrepreneurs is a workshop aimed specifically at small business owners and entrepreneurs, at all levels who want to equip themselves with the basics of accounting and understanding the financial aspects of their businesses.
Understanding the language of accounting will empower you to take your business to the next level and to understand and manage the business growth. Ultimately you will be equipped to grow a healthy and sustainable business.
Nico Labuschagne facilitates this workshop. Nico Labuschagne obtained his degree in Internal auditing from the Potchefstroom University based in Vanderbijlpark in 1997. To complete his articles, Nico joined a medium sized auditing firm. Nico then applied to join The South African Institute of Professional Accountants (SAIPA). After being tested and reviewed he was registered as a full member and received his practice number from the institute in 2002.
Like most entrepreneurs, Nico soon became bored with the mundane repetitiveness of corporate life. Nico had also noticed that in most small and medium sized businesses, the owners or and staff carried out the financial business without being equipped with any kind of accounting knowledge or understanding.
Understanding the challenges that face SMME’s and Entrepreneurs, Nico felt the need to empower them and has done so by writing a financial programme for the business man/woman in easy to understand language. The programme aims at a better understanding of how accounting works and its importance as a tool in running a financially healthy and stable business. Accounting principles are demonstrated. Topics like what an income statement and balance sheet are and what to look for in these statements are covered. Entrepreneurs and SMME’s no longer need fear financial data, putting them in a very empowering position. The entrepreneur is in control of the business.
Topics that will be covered in this workshop:
- Understanding the basic concepts of accounting.
- Reading financial statements.
- Analysing the basic elements of a balance sheet.
- Using the evidence in financial statements to make a financial decision.
- Determining financial viability of a project/enterprise.
- How to base decisions on evidence in the balance sheet.
The financial strengths and weaknesses of an entity are analysed and suggestions are made of ways to improve income and reduce costs.
No prior knowledge of accounting or book keeping is necessary for this highly effective but simple to understand workshop that promises to equip you with powerful tools to manage your business on a practical level.
Date: Wednesday 18th November 2015
Venue: House of Pharaohs Boutique Guest House
1 Gaunt Avenue, Sandton, 2191
Price: R1495 (ex Vat) per delegate (includes breakfast snack/finger lunch/refreshments and course material)
Time: 08.30 AM- 4:00 PM (Registration from 08.00 onwards). Please allow additional travelling time to combat traffic.
RSVP: Please book no later than Thursday 12th November 2015. Space is limited therefore bookings will be accepted on a first come first serve basis.
To book your place for Financial Literacy for Non-Financial Entrepreneurs, please contact:
Business Engage ( formerly Women in Finance) delegates please contact Colleen Larsen on firstname.lastname@example.org or 084-353-9865. Paid up Business Engage members get a 10% discount.