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Session 3: Financial Literacy for Entrepreneurs
May 10 @ 10:00 am - 12:00 pm
Date: May 10th, 2025
Time 10am-12pm
Duration: 2 hours
Objective:
• Understand basic financial concepts essential for running a business
• Learn to manage cash flow, budgeting, and financial planning
• Understand how to read and create financial statements
Topics Covered:
• Introduction to business finances: income, expenses, and profits
• How to create a budget and manage cash flow
• Key financial statements: Profit & Loss, Balance Sheet, Cash Flow
• Understanding credit, loans, and funding options for small businesses
Activity:
• Practical exercise: Create a simple budget and cash flow statement for a startup business