SME development training program in Batti. from Lankaputhra Development Bank

Friday, 1 November 2013 03:17 - - {{hitsCtrl.values.hits}}

An SME training program was held in Batticaloa recently with the objective of enhancing the business management knowledge of Small and

Medium Sized Entrepreneurs. The training program was held at the YMC at Batticaloa for two days for 30 micro, small and medium scale entrepreneurs who are customers of Lankaputhra Development Bank. Entrepreneurs engaged in self employment projects in agriculture, fresh water fishing and home gardening were selected for this training program. Long-term solution Micro, small and medium entrepreneurs encounter many difficulties when doing business and this training program was launched as a long-term solution by the Lankaputhra Development Bank. The program will teach how to identify a business and prepare a business plan as well as legal issues when establishing a business. In addition, finding a market, keeping accounts as well as numerous aspects which have to be considered when establishing and conducting a business and problem solving will be taught. When conducting a business in addition to finding finances there are many problems entrepreneurs encounter. Managing finances Many entrepreneurs fail due to not properly managing finances and this is one of the major reasons for businesses to fail in Sri Lanka. Most of the entrepreneurs who participated at the training were of the view that the training will be of immense value to carry out the business efficiently. Entrepreneurs thanked Lankaputhra Development Bank and the National Enterprise Development Authority for conducting the SME development training program. Subject knowledge was given by professionals in the industry using modern technology. The National Enterprise Development Authority has developed a special training method to train the entrepreneurs.