Santo Financial Management Intensive Workshop & Mentoring Program – STILL ON so apply now!
Dear members,
Our intensive workstream to support businesses with Financial Management was a great success in Efate and Santo last year. So, we want to do it all again! The 4 day workshop program will be available to business license holders in Santo third week of November.
The program is run over a 3-month period. In the first week, clients attend four day long group workshops to learn all the basic skills, in the second month they attempt to implement these in their business with help from a finance coach, and in the third month, if they wish, they may attend some one-on-one coaching to get support with challenging parts of their implementation.
We encourage business owners, managers and/or supervisors of existing businesses that have been running for more than 3 years to apply. Click HERE to download an application form.
Please email this form to santo@vcci.vu or you can drop it off to Candyce Simeon, care of the Hotel Santo (VCCI’s temporary office location). Deadline for applications is on Friday, 3 November 2023.
Here’s our workshop schedule. Clients must attend each of these day long workshops.
- Improve Service Product & Pricing Workshop – Tuesday 14 November
Coming up with the right price for your product or service for your business is very important! Not only will this workshop help you do that but you will also learn what is a “Cost Based Pricing Method” and how to apply that method when pricing your product or service. In addition to that you will also learn what is “fixed and variable cost” and how that affects not only pricing but also the profit in your business.
- Cash Flow – Wednesday 15 November
It is important for every business to know where the cash is coming in and what it is being spent on! This workshop will help you properly maintain a record of your cash and also learn how to overcome the issues of managing cash and planning for expenditure in the future.
- Recording (Expenditure & Invoicing) Workshop – Thursday 16 November
Defining Expense Report, how to prepare it and outlining the key benefits of having an expense Report. How to prepare an invoice, knowing the importance of having one and keeping a record of it.
This half day session will help you define important aspects of invoicing and how to prepare them either manually or on a computer. You will be able to outline key advantages of keeping an invoice record, and not only that you will also learn how invoice reporting can be used to make important financial decisions. Come along and participate, interact, and get motivated!
- Profit & Loss Workshop – Friday 17 November
This is where we pull it all together and give you a good report you can use to define the status of the business for the month. This workshop will help you to learn how to calculate Cost of goods sold, gross profits, operating expenses and also prepare a basic Profit & Loss Statement for your business.
We highly recommend businesses investing in this important set of workshops for skills development. We look forward to receiving your applications!
The VCCI team
