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Understanding Basic Business Principles and Application of Financial Literacy Tools Training

Business Assistance Fiji (BAF) in partnership with the Ministry of Women, Children, and Social Protection conducted an Understanding Basic Business Principles and Application of Financial Literacy Tools Training.

The training was held at the Galaxy Hotel & Apartment Conference Room in Labasa on 24-25 April where, 29 women-led Micro, Small, and Medium Enterprises (MSME) participated in the 2-day training.

The topics that were covered during the first day of the training include goal setting and the importance of time management, understanding costing and pricing strategies, fostering self-awareness, embracing business ethics, and developing a strategic plan and framework for their business.

On day 2, topics covered during the training were the importance of business compliance, bookkeeping, book recording, savings, and budgeting. The participants also learned the importance of a business plan.

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