Business Savvy Training

This is an experiential and skills development training for business owners, entrepreneurs, and other business persons without adequate formal business education and training, experience, and skills in business operation and management. It's been undoubtedly proven that having a technical background, such as engineering, medicine, information system, and similar occupations, is insufficient to successfully operate and manage a business - that's only half of what's needed

According to the U.S. Small Business Administration (SBA), "lack of business management experience, skills, and training is the number one cause of small business failures, now estimated at 51% rate in the first year."

Program Purpose and Summary

The purpose of Business Savvy Training is to enable small business owners to acquire the much needed experience, skills, and knowlegge. The program is six-month, one-on-one guidance, training and consultation and advisory - applying management aspects on-location to the business operation of participants. The program has achieved over 80% success rate.

Program Description

Bi-monthly, one of our business experts meets with a participant to review his or her business operation and conducts applicable training, using related training material section

During the second bi-monthly meeting, based on the business review and analysis, our consultant meets one-on-one with the owner to apply applicable management concepts to the operation of the business.

After the third month, our consultant evaluates the business owner's skills, knowledge, and experience, and conducts appropriate traning, consultation and advisory, and provides a report of findings and recommendations to the business owner-participant, including corrective actions.

During the fourth throuth the sixth month, guidance, training, consultation and advisory, and improvement recommendations continue, in addition to on-going evaluation of skills, knowledge, and experience so far acquired by the business owner. Corrective actions are also continually implemented.

Program Results and Tasks Outline

Upon completion of the Business Savvy program, the small business owner participant should be able to perform, correctly discuss, and apply the following to the management and operation of his or her business:

WHAT MAKES AN ACTIVITY A BUSINESS
* The Business Entity Concept
* Determining the Financial Condition of Your business
* The Startup Balance Sheet
* The Startup Profit and Loss Statement
* Other topics
MOTIVE TO OWN A BUSINESS...
* Naming Your Business and Selecting a Legal Structure
* Developing Financing Sources
* Other topics
THREE MANAGEMENT FUNCTIONS THAT MUST BE PERFORMED
* Management and a Manager's Job
* The Planning Function
* The Organizing Function
* Other topics
BASIC BUSINESS FINANCIAL ANALYSIS
* Break-Even Point
* Other related topics