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Financial Management

Good financial management is a requisite skill for entrepreneurs aiming to succeed because managing a business organization involves making constant financial decisions capable of contributing to its growth or destruction. In the face of rising unemployment rate in Africa, young persons have adopted entrepreneurship as a means of livelihood.

 

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Product Description

Good financial management is a requisite skill for entrepreneurs aiming to succeed because managing a business organization involves making constant financial decisions capable of contributing to its growth or destruction. In the face of rising unemployment rate in Africa, young persons have adopted entrepreneurship as a means of livelihood. However, surveys conducted by the Organization for Economic Co-operation and Development (OECD) and the World Bank in Nigeria have shown that many households and individuals lack basic literacy of financial concepts. This handbook, therefore, remedies this apparent challenge by offering fundamental financial knowledge required to make successful business decisions.

Amongst other things, it expounds the different recognized documentation methods at the disposal of business organizations, while also offering practical guidance on preparing financial reports for future reference.

The Nigerian Entrepreneur’s Handbook: Financial Management is part of a series of handbooks designed for Nigerian entrepreneurs by FATE Foundation in commemoration of its 20th anniversary. FATE Foundation is a non-profit organization dedicated to ensuring the growth of entrepreneurs in Nigeria.

 

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