Improve Your Business Through Better Financial Management
Dear members,
Our intensive workstream to support businesses with Financial Management was a great success in Efate and Santo last month. So, we want to do it all again! The 4 half day workshops will be available to business license holders in Port Vila in late October, and in Luganville first week of November.
The program is run over a 3-week period. In the first week, clients attend four half day group workshops to learn all the basic skills, in the second week they attempt to implement these in their business, and in the third week, 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.
FOR PORT VILA: Please email this form to esther@vcci.vu or you can drop it off at VCCI Port Vila Office. Deadline for applications is on Friday, 14 October, 2022.
FOR LUGANVILLE: Please email this form to bss@vcci.vu or you can drop it off at VCCI Santo Office. Deadline for applications is on Wednesday, 26 October, 2022.
Here’s our workshop schedule. Clients must attend each of these half day workshops for Port Vila.
1. Improve Service Product & Pricing Workshop – 25th October 8am to 12 noon
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.
2. Cash Flow – 26th October 8am to 12 noon
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.
3. Recording (Expenditure & Invoicing) Workshop – 27th October 8am to 12 noon
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!
4. Profit & Loss Workshop – 28th October 8am to 12 noon
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.
For Santo the program will run in the same order, and will be held from 7 November to 10 November.
We highly recommend businesses investing in this important set of workshops for skills development. We look forward to receiving your applications!
The VCCI team
