WORKSHOP: Financial Literacy for Non Financial Entrepreneurs

Financial Literacy for Non-Financial Entrepreneurs – 29 September 2010

Hosted by Sisibukula, SA German Chamber and WIF.
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, 29th September 2010

Price: R950 per delegate (includes breakfast snack/lunch/refreshments and course material)

Venue: SA German Chamber
47 Oxford Road
Forest Town


Time: 08.30 AM- 4:00 PM (Registration from 08.00 onwards). Please allow additional travelling time to combat traffic.

To book your place for Financial Literacy for Non-Financial Entrepreneurs, please contact:

For SA German Chamber delegates, please contact Shaan Padayachy on 011 486 2775 or spadayachy@germanchamber.co.za

For WIF delegates, please contact Colleen Larsen on 084 353 9865 or colleen@womeninfinance.co.za

Everyone else, please contact Nikki Viljoen on 083 702 8849 or nikki@viljoenconsulting.co.za


RSVP: Please book no later than 27 September 2010. Space is limited therefore bookings will be accepted on a first come first serve basis.