Entrepreneurs often start their venture(s) with expertise in a specific area, such as technology or product development, while, they may lack the necessary skills to manage various aspects of a business effectively. Business management workshop provide training in areas like finance, marketing, human resources, and operations, equipping entrepreneurs with a well-rounded skill set, required to better manage and grow their business.

The business management workshop covers the following amongst other things.

• Strategic Planning and its importance, SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats), Business Model Canvas & Setting SMART Goals (Specific, Measurable, Achievable, Relevant, Time-bound).
• Business plan formulation, i.e., looking at key components of the business plan (sales and marketing plan, operations & management, product definition, market definition, competition, & financials).
• Human Resource Management, recruitment and selection, staff training & development and conducting performance appraisal and feedback.
• Business ethics, leadership and communication.

In summary, a Business Management workshop is crucial for entrepreneurs because it equips them with the knowledge and skills needed to effectively plan, operate, and grow their businesses. It provides a solid foundation in various aspects of business management, helping entrepreneurs navigate the challenges and uncertainties of entrepreneurship while increasing their chances of success.