⬅ Previous Next ➡ 🔹 Lesson 1: Key Financial Terms Introduction Financial management is one of the most important skills for entrepreneurs. To manage your business money smartly, you must first understand basic financial terms. These terms help you make better decisions, track your business performance, and plan for growth. In this lesson, you will learn the key financial terms every entrepreneur should know, explained in simple, practical language. 1. Revenue Revenue is the total amount of money your business earns from selling products or services. Example: If you sell 100 bottles of juice at $1 each, your revenue is $100. Revenue shows the size of your business and how much money is coming in before any expenses are deducted. 2. Expenses Expenses are the costs of running your business. They include anything you pay for to operate your business. Examples of expenses: Rent for your shop Salaries for employees Raw materials or stock Utilities (e...

⬅ Previous Next ➡ 🔹 Lesson 1: Structure of a Business Plan Introduction A business plan is like a roadmap for your business. It shows where your business is going, how it will get there, and what resources you need. Writing a business plan helps you think clearly, reduce risks, attract investors, and stay focused on your goals. In this lesson, you will learn the main structure of a business plan and what each section should include. This structure works for small, medium, and large businesses in Africa and worldwide. 1. Executive Summary The executive summary is a short introduction to your business plan. It explains your business idea, goals, and why your business will succeed. Key points to include: Business name and location What your business does Your target market Your competitive advantage Expected financial highlights (like profits or growth) Although it comes first, it is often written last because it summarizes the entire plan. 2....

SkillBridge Institute ENTREPRENEURSHIP MASTERY: FROM IDEA TO INCOME World-Class • Practical • Results-Oriented 📘 Course Summary This course equips learners with real-world entrepreneurial skills to start, grow, and sustain profitable businesses using local opportunities, innovation, and digital tools. ⏳ Duration 4 Weeks (Self-paced + Practical Activities) 🎓 Level Beginner to Intermediate 📥 Requirements A smartphone Internet access Commitment to practical activities 📜 Certification A verified Entrepreneurship Certificate awarded by SkillBridge Institute upon completion. 📘 MODULE 1: Introduction to Entrepreneurship Objective: Understand the meaning, importance, and mindset of entrepreneurship. Lessons: • What is Entrepreneurship? • Entrepreneur vs Businessperson • Importance of Entrepreneurship in Africa’s Economy • Traits and Habits of Successful Entrepreneurs Pra...

⬅ Previous Next ➡ 🔹 Lesson  1: Sources of Business Ideas (Problems, Skills, Trends) Introduction Great businesses start with great ideas. But many people fail to start a business because they believe they need a big, special, or complicated idea. The truth is: business ideas are everywhere. They are found in everyday problems, personal skills, and the trends happening around us. In this lesson, you will learn the three main sources of business ideas and how to use them to create opportunities that fit your environment. By the end of this lesson, you will know exactly where to look for your next business idea. 1. Problems as a Source of Business Ideas Every problem is a hidden opportunity. When people struggle to get something, or when they complain about a service, that is a signal that an entrepreneur can step in. In Africa, especially in Malawi, most successful entrepreneurs started by solving simple problems in their communities. Examples of problem...