Only for applicants registered through Rotaract@Work
This program aims to equip young people in or going into business with essential, practical skills to enable them set up their businesses, ensure compliance, budget and keep their books in order to enhance the management of their finances and increase the chances of success for their businesses.
At Clarion Hotel, Nairobi.
Join our entrepreneurship, finance, tax and compliance experts, Michael Kimani and Antoinette Absaloms, as they answer your questions on how to start and run a business in Kenya. Ask questions, get expert advice and share your own journey with fellow entrepreneurs. Hosted by Rotaract@Work – Rotaract District 9212.
Online via Google Meet
Master Cash Flow Forecasting and Secure Your Business’s Future – FREE Webinar
December 5th, 2023 from 7:00 PM – 8:00 PM via Google Meet.
Online via Google Meet
An informative webinar on budgeting and financial planning. Our expert trainers, Michael Kimani (30+ years in financial services) and Antoinette Absaloms (20+ years of legal and compliance experience), guided us through the essential steps to create a solid financial plan for your business or SME.
In this webinar, we learnt to:
Develop a realistic budget that aligns with your business goals
Track your income and expenses effectively
Identify and manage financial risks
Make informed financial decisions for your business
At the Blue Violets Plaza, 7th Floor. Kamburu Drive off Kindaruma Rd.
“Will your business make it to the end of the year?”
The MGK Foundation brings you practical skills training to set entrepreneurs, business owners and accountants on the right path with Cash Management. We’ll explore managing cash flow and debt, handling suppliers and inventory among other concerns in working capital management.
At the Golden Tulip Hotel, Muthithi Rd.
We undertake a high-level review of compliance in the areas of Taxes (including VAT, PAYE and Corporation/Income tax). We also examine the basic legal and statutory compliance requirements like licenses, statutory contributions (NHIF, NSSF, NITA), annual returns, employment and business contracts.
At the Royal Tulip Hotel, Kilimani
Preparing financial budgets and cash flow forecasts as well as tracking and monitoring actual performance against budgets.
At the Golden Tulip Hotel, Westlands
“…I used to only look at the profit and loss statement of my business, barely skimming the remaining pages. I think tonight I’m going to just lock myself up and do a whole lot of calculation, and really get the full breadth of insights…”
Last Thursday we had our second business financial management session: Understanding Financial Statements. We went through the basic ratios that we ought to calculate in financial statements and used the insights we’d gained, both financial and non-financial information, to draw conclusions in the real-life example we worked on.
“As an accountant, this really helps me take the perspective of management when I present financial statements…”
Attendees found the session useful for all, whether starting a business, running an existing business or seeking insights to invest in one. Accountants were able to see things from the perspective of business owners and investors, and we were able to understand the calculations accountants make and ask the right questions.
Next stop? Budgeting and Financial Planning this month, then Compliance in early October. Follow and subscribe to stay informed.
At the Royal Tulip Hotel, Kilimani
Preceded by a networking breakfast
Last month’s training was a good foundation to help you know what to expect from your accountant and to demystify financial statements. We took the time to understand Profit and Loss Accounts, the Balance Sheet and the Cash Flow Statement in a practical way.
“All in all, it was informative and illuminating! Please call us back for more!!”
Feedback is that the content was presented clearly and effectively – simple enough for non-finance professionals to grasp the principles. The venue was excellent and easy to access.
We covered three topics today – Understanding (1) The Balance Sheet (2) The Profit and Loss Account (3) The Cash Flow Statement. The attendees were able to do three exercises drawing these up from scratch, understanding why entries are made in different sets of statements and the importance of each statement. They all requested that we consider running more indepth sessions on each of these financial statements as the time allocated today was not enough to cover the depth and breadth of information they felt they would require to fully appreciate the subject.
We had three sets of participants representing family owned businesses – one a Father who brought his son who he hopes to take over the business when he retires. Their feedback was that it was a very useful training – much needed in the SME sector and should be cascaded widely
