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Microenterprise Training Program

The core of the FHF Microenterprise Program is microenterprise training. This six week, thirty hour course offers a multi-faceted approach in both a classroom and hands-on setting. Throughout the course, instructors review the basics of creating and managing a small business. Our clients work with the instructor to develop a thorough, customized business plan. This increases the probability of starting and maintaining a successful business.

The primary goal of the microenterprise training is to provide our clients with sound business knowledge that will allow them to successfully open, revitalize, stabilize, or expand a small business.

The following is a brief program outline of the microenterprise training course:

  • Development of Business Concept/Business Plan
  • Business Start-Up (insurance and types of business ownership)
  • Target Markets
  • Marketing and Market Research
  • Credit and Financing
  • Record Keeping and Management
  • Introduction to Cash Flow
  • Legal, Tax and Governmental Compliance

The kinds of skills needed to run a business can be put into several categories such as:

  • Credit skills: borrowing money, dealing with banks or other creditors, interest
  • Financial skills: keep accurate records, make budgets, calculate profits and losses
  • Planning and Management skills: to manage people, physical resources, finance
  • Communication skills: speaking, writing, reading
  • Marketing skills: research, sales, entrepreneurship
  • Technical skills: the applied physics, chemistry, biology, craft and artisan skills of a chosen profitable and productive enterprise