| Oct 9, 2023
Enhancing Community Resilience
Financial literacy education
Micro and Small Enterprises (MSEs) are the biggest employment creators in both industrialized and emerging economies. In cases where formal labour markets do not offer enough jobs, out of necessity, people often turn to entrepreneurial activities for economic survival. Opportunity entrepreneurs are a major source of job creation and growth while necessity entrepreneurs secure people’s livelihoods. However, MSEs have high failure rates and face challenges in running their businesses. Support needs to be provided to entrepreneurs operating both out of opportunity as well as out of necessity. One of the key elements in improving the survival rate and the performance of these enterprises is improving the management competencies of business owners.
This calls for creating access to affordable management training and other business development services for these enterprises. Making small business management training available at a massive scale has been a mainstay of CCCYD support for MSE development through a wide range of tools for business management training and business services development in Zambia.
Business simulation is a modular training package that offers tailor made training for 3 days, improving management skills of existing entrepreneurs so as to increase the success of their businesses. The trainings include marketing, costing, buying and stock control, record keeping, business and financial planning and people and productivity.
During the last quarter, the organization trained over 150 women entrepreneurs in North-western and Central provinces of Zambia.
Together we reach out to many small scale entrepreneurs.