This series of modules will take the women entrepreneurs through all the difference aspects of resources management such as export finance, intellectual property and new information technologies.
Cash flow management is about analyzing and understanding the differences in timing between when your company has to pay cash for supplies and raw materials, employee salaries, office rents, taxes, interest payment, equipment and other expenses and when your company receives cash from customers for goods or services purchased or proceeds from drawing cash.
The module helps you to understand how to anticipate when such a cash shortfall might happen, for how long and at what degree.
ITC has developed this learning course as part of its continuing mission to develop and improve world trade, especially for developing countries and women entrepreneurs. The specialist authors have drawn from their experience and from the learning gained from respected works used in their personal development to enable you to:
Selling internationally can bring you great benefit, from higher margins to expanded markets and a broader range of customers for your company’s products. But selling internationally also introduces additional tasks and complications, such as dealing with logistics, customs regulations or even unfamiliar business practices of different cultures. As an exporter you will be confronted with new risks to manage as well, such as currency risk or the political risk of foreign lands. “Export Financing and Getting Paid” module allows you to answer to the following questions: Can the importer rely on you as an exporter to ship the goods? How can you ensure that you receive an adequate payment?
ICTs allow an enterprise to improve the effectiveness and the efficiency of performing business tasks and management activities in order to support the design of a successful business strategy, build business capabilities, conduct business transactions and manage the resources needed.
In this module you will understand the role of ICT in today’s business world and know the importance in establishing an efficient ICT system in your company.
Women entrepreneurs are active in areas that make use of their traditional knowledge such as handicrafts, services and small-scale farming. All of these sectors pose unique challenges in obtaining intellectual property protection. In fact, women entrepreneurs may not know that intellectual property systems exist. The module “Intellectual Property” provides all the basics of intellectual property rights that you should know as an innovative entrepreneur, by highlighting the benefits of protecting your invention and the way to reach the right institution.
Just like a driver who wants to reach a destination, the manager of an SME applies her skills and knowledge for her business to reach its goals. Understanding the distinction between management and business is important for the discussion of the knowledge and skills required to make rational decisions concerning the “business” of an SME.
This module illustrates the kinds of resource decisions that managers make, the competencies that are needed and consequences in case of mistakes.