Setting Financial Priorities

Business owners are required to secure themselves and their assets in case of rainy days. Investing money in lucrative businesses is one area you, as a business owner, could look into in order to ensure business growth. To invest it is essential to save a part of our earnings. To be able to save money, you must be able to set priorities right, these priorities would be based on what we classify as needs and those we classify as wants. Making payments requires sending money, in order words to achieve one effectively, all must be understood. This course is designed to ensure that all interconnected elements are understood properly to ensure long term business growth.

Course Endorsement

This course is developed and endorsed by the Central Bank of Nigeria in Collaboration with the Financial Literacy Working Group and the German Development Cooperation (GIZ)

About this course

There are so many hinderances that can weigh us down as an individual, business owners and entrepreneurs. Learners will gain a fresh perspective on; 1. Understand the concept of saving and the benefits of good saving habits in ensuring future business and individual success. 2. How to determine your needs and separate them from your wants so as to avoid unnecessary expenses. 3. How to invest in lucrative businesses and avoid getting scammed.

Author

German Development Cooperation (GIZ)

Level

Basic

Modules

4

Certificate

Yes

No chapter found in this course

Course Benefits

Unlock the Value: How This Course Empowers Your Business

Financial Discipline

Develop a structured approach to managing your finances, enabling you to make informed decisions about spending and saving.

Business Growth Foundation

Build a strong financial foundation for your business by prioritizing expenses, managing cash flow, and exploring investment opportunities.

Long-Term Financial Security

Learn strategies to protect your assets, plan for the future, and achieve financial stability.

About the Instructor

German Development Cooperation (GIZ)

For more than 30 years, capacity development has been one of the key services delivered by GIZ. Around the globe, we advise people and organisations on learning and change processes. GIZ supports people in acquiring specialist knowledge, skills and management expertise. We help organisations, public authorities and private businesses to optimise their organisational, managerial and production processes. And, of course, we advise governments on how to achieve objectives and implement nationwide change processes by incorporating them into legislation and strategies.

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