Asharqia Chamber, represented by the SME Development Center, launched its training program for entrepreneurs that entitle «How to start your small business?» at the headquarter of the Chamber, from 4 pm to 9 pm, from the period Sunday, October 28, 2018 through Thursday, November 1st.
The program means start-ups from entrepreneurs with a serious desire for self-employment, and those who are wishing to start small projects and have not yet started licensing and the start-up procedures.
The program, which is attended by a group of experts and trainers, is one of the programs provided by Small and Medium Enterprises Development Center in the Chamber. It aims to support the Saudi youth towards self-employment to be an added value to the national economy, by pushing them towards the establishment of small and medium-sized enterprises, which are among the top priorities of the Kingdom of Saudi Arabia in 2030.
This year's program provides information and knowledge of the crisis for the feasibility study, including technical study, description of the product, production process, location, area, buildings and internal planning, machinery, equipment, furniture, appliances, target market and other aspects related to the product, market needs, pricing, marketing plan and human resources.
The program also provides information on the financial and accounting aspects, the components of the current accounting system, the balances of the audit and the guide of accounts in small enterprises, income statement, financial position and cash flow statement, as well as various sources and methods of financing for small projects, loans, bank guarantees and types of bank financing, and other financial indicators to measure the profitability of the project, as well as presenting a practical case for the financial and economic analysis of a new investment project.
