Management and Financial Training for Entrepreneurs
Learn. Apply. Grow
The programme has been designed to support entrepreneurs in the development of business, management and financial competencies that support the development and growth of their businesses. The ten sessions will be led by expert subject matter along with entrepreneurs who have rich experience in startup mentorship.
(Please click on the module for further details)
1. Entrepreneurial Mindset, Feasibility Study, Business Plan & Understanding Market Gaps**
Overview
- Learn how to develop and assess new opportunities that are the critical first step in moving an idea from concept to launch and implementation
- Learn how to develop, define and clearly communicate a new business concept or initiative in an efficient, effective and compelling manner
- Understand what a feasibility study is and when it is used
- Learn how to develop a feasibility study and effectively identify market gaps
- How creativity, opportunity and feasibility are best evaluated
- Assess competition, target market, customer trends and industry data
- Get an overview of business plan and understand its types, benefits and key components
- Learn how to effectively implement the business plan outcome and report on the progress of it
Time
4 – 7 pm
Duration
2 days (6 hours)
2. Understanding Financial Statements
Overview
- Get an overview of financial statements
- Understand and learn about income statement
- Understand and learn about statement of financial position
- Understand and learn about cash flow statements
- Separating business and personal wealth
- Managing cashflow and financial challenges
- Reinvestment into the business (optimal dividend structure)
Time
4 – 7 pm
Duration
2 days (6 hours)
3. Accounting & Taxations Essentials for Entrepreneurs
Overview
- Learn how to prepare and maintain a set of business accounts that comply with accounting standards
- Costing and ratio analysis to enable better review of business performance and efficiency
- Learn how to complete VAT returns
- Understand the essentials and requirement for effective tax planning
Time
4 – 7 pm
Duration
1 day (3 hours)
4. Governance for Start-up Companies & SME’s
Overview
- Explore governance and corporate governance frameworks and the importance of strong governance structures early in the life of startups and innovative companies
- Learn how to form, manage and structure a governance board at the different stages of development
Time
4 – 7 pm
Duration
1 day (3 hours)
5. SME Risk Management
Overview
- Understand enterprise risk management fundamentals
- Learn how to analyze business operations
- Learn how to identify organizational uncertainties and develop organizational risk and business continuity strategy
- Learn how to define organizational risk competency and establish risk governance frameworks and culture
Time
4 – 7 pm
Duration
1 day (3 hours)
6. Financial Planning, Financial Control & Budgeting**
Overview
- Learn the difference between financial planning and budgeting
- Understand the definition and the different components and types of business budgeting
- Learn how to start and draft a business budget including business and growth targets tied to budgeting
- Budget forecasting and projections for 3-5 years including sensitivity analysis
- Understand the definition and importance of financial control
- Learn how to strengthen financial control and the different models that can be applied
- Learn smart ways to trim company’s budget and explore real-business case studies
- Understand how to determine financing need
Time
4 – 7 pm
Duration
1 day (3 hours)
7. Understanding the Audit Process
Understanding the Audit Process
• Understand internal and external auditing
• Learn about the demand for high quality auditing and the value of audits
• Understand audit risk and materiality
• Structuring a robust accounting function and systems to improve planning and visibility
Time
4 – 7 pm
Duration
1 day (3 hours)
8. Understanding Loans, Funding & Equity Investment to Fund Growth and Optimize Cost of Capital**
Overview
- SME credit worthiness and improving credit score
- Understand the difference between equity financing, debt financing (short term vs long term) and potential credit solutions
- Learn about the fundraising lifecycle and how entrepreneurs can create a comprehensive funding strategy for their new venture
Time
4 – 7 pm
Duration
2 days (6 hours)
9. Business & Financial Valuation and Exit Strategies
Overview
- Understand how valuations ae calculated and why they are important
- Understand the foundations and sources of value creation
- Understand the concepts of cost of capital and value per share and how they are calculated
- Learn how to prepare valuation reporting
- Understand the different strategies and methods for valuing a company and learn how to use common valuation strategies to set a reasonable price for your company, and negotiate favorable terms
- Understand how venture capital and angel investors use valuations in negotiating milestones, influence and control
- Explore the process of ‘exit’ from the perspective of the entrepreneur and the investor
- Learn the different types of exit strategies including corporate acquisition, merger or IPO and how to select the right one for the business
- Understand how to perform analysis of alternative exit scenarios and sensitivity analysis
Time
4 – 7 pm
Duration
2 days (6 hours)
10. Export, Trade Finance (Export & Import) Tools, Certifications & Strategies
Overview
- Evaluate the importance of commercial contracts, trade documentation and terms used in international trade
- Understand and evaluate financial instruments and means of payment for international transactions
- Localization and road shows for export and overseas expansion
Time
4 – 7 pm
Duration
3 days (9 hours)
| MODULE | DATE | TIME | DURATION |
|---|---|---|---|
| 1. Entrepreneurial Mindset, Feasibility Study, Business Plan & Understanding Market Gaps** | 8 – 9 July | 4 – 7pm | 2 days (6 hours) |
| 2. Governance for Start-up Companies & SME’s | 10 – 11 July | 4 – 7pm | 1 day (3 hours) |
| 3. Understanding Financial Statements | 14 July | 4 – 7pm | 2 days (6 hours) |
| 4. Accounting & Taxations Essentials for Entrepreneurs | 21 July | 4 – 7pm | 1 day (3 hours) |
| 5. Understanding Loans, Funding & Equity Investment to Fund Growth and Optimize Cost of Capital** | 23 July | 4 – 7pm | 2 days (6 hours) |
| 6. Financial Planning, Financial Control & Budgeting** | 25 July | 4 – 7pm | 1 day (3 hours) |
| 7. SME Risk Management | 28 July | 4 – 7pm | 1 day (3 hours) |
| 8. Export, Trade Finance (Export & Import) Tools, Certifications & Strategies | 30 – 31 July | 4 – 7pm | 3 days (9 hours) |
| 9. Business & Financial Valuation and Exit Strategies | 4 – 5 August | 4 – 7pm | 2 days (6 hours) |
| 10. Understanding the Audit Process | 6 – 8 August | 4 – 7pm | 1 day (3 hours) |
** Compulsory Mentorship Sessions allocated per Entrepreneur
Office Hours:
- Three office hours per entrepreneur to walk through their specific business cases and provide 1:1 mentorship.
- Mandatory office hours will be in the below modules:
- Office Hour 1: Entrepreneurial Mindset, Feasibility Study, Business Plan & Understanding Market Gaps** – Duration: 1 hour
- Office Hour 2: Understanding Loans, Funding & Equity Investment to Fund Growth and Optimize Cost of Capital** – Duration: 1 hour
- Office Hour 3: Financial Planning, Financial Control & Budgeting** – Duration: 1 hour
- Office Hour 4: To provide mentorship for any of the remaining modules as per the entrepreneur’s choice. Duration: 1 hour (participants can choose when submitting an application in the apply now tab).
Tamkeen Sponsorship
Receive full support on program cost from Labour Fund Tamkeen to help launch or advance your career as an entrepreneur.
Full tuition of
900 BHD
Covered by Labour Fund Tamkeen
Will I receive a certificate?
Upon successful completion of all the above modules, as well as the required office hours, you will be receiving an SME certificate.
Physical or virtual mode of delivery?
All classes will be run physically in BIBF premises.
Are there any prerequisites?
This programme is specifically designed for all entrepreneurs within the Kingdom of Bahrain. The main focus is to help you improve your financials as well as managerial acumen.
Can I work full-time and be enrolled in this programme?
Yes, all the courses are scheduled during evenings.
Will there be any assessments at the end of each course?
The courses are non-examinable
What is meant by office hours?
- Three office hours for a total of 4 hours per entrepreneur to walk through their specific business cases and provide 1:1 mentorship.
- Office hour # 1 to provide mentorship for the second module. i.e. Understanding Loans, Funding & Equity Investment to Fund Growth and Optimize Cost of Capital
- Office hour # 2 and 3 to provide mentorship for modules 3 and 6 as combined hours. i.e. Entrepreneurial Mindset, Feasibility Study, Business Plan & Understanding Market Gaps and Financial Planning, Financial Control & Budgeting
- Office hour # 4 to provide mentorship for any of the remaining modules as per the entrepreneur’s choice. Modules to be selected for the additional office hour prior to the start of the program.
- The office hours to be linked to clear outcomes, including the following at minimum:
- Guide entrepreneur on creating clear funding strategy
- Guide entrepreneurs on clearly analyzing and identifying business and market risks and opportunities
- Guide entrepreneurs on creating a successful and impactful business plan and feasibility study
- Guide entrepreneurs on developing a budget forecast and projections for 3-5 years including sensitivity analysis
