Starting and managing a small business
The capstone course: from an idea to a presented business project with budget, cash flow and risks.
- Duration
- 5 days · 30h
- Format
- Intensive multi-day, one day per week, or weekend
- Language of instruction
- Khmer, with English materials
- Locations
- Siem Reap, Kampong Chhnang, Phnom Penh
Objective
Provide aspiring entrepreneurs with an understanding of the practical and financial requirements involved in creating and operating a small business.
Main topics
- Identifying a customer need
- Defining the product or service
- Understanding the target market
- Establishing a selling price
- Calculating costs and margins
- Determining initial financing needs
- Personal funds versus borrowed funds
- Managing working capital
- Managing suppliers
- Managing customers and receivables
- Inventory management
- Separating personal and business finances
- Keeping financial records
- Monitoring cash flow
- Understanding profit
- Managing financial risks
- Developing the business sustainably
Practical exercise
Participants prepare and present a simplified business project covering the business concept, target customers, products or services, expected revenues and expenses, initial investment, financing requirements, monthly budget, cash-flow forecast and main financial risks.
What is included
- Trainer-led sessions in person
- Printed workbook and reusable templates
- Individual and group exercises
- Certificate of participation on completion