SME Toolkit
The Small and Medium Enterprise (SME) Toolkit was created as part of an effort by the SME Department of the World Bank to find ways to reach a larger number of companies than were being reached through the traditional International Finance Corporation (IFC) strategy of working with companies on an individual basis.
These short videos cover a broad range of relevant topics to help small and medium businesses learn the necessary tools to be more successful.
This is a free course available to all. Pick and choose which topics are most relevant to you.
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Creating a Business Plan
Simply put, inventory management refers to the act or process of keeping track of or managing the stock in your small business.
Simply put, inventory management refers to the act or process of keeping track of or managing the stock in your small business.
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Hire Top Talents
As a business owner, you don’t just want to hire any staff. You obviously want to hire the best staff for your SME. Here are some things you can do to attract the best hires
As a business owner, you don’t just want to hire any staff. You obviously want to hire the best staff for your SME. Here are some things you can do to attract the best hires
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How to Split into Departments
One of the reasons for separating business operations into functional areas is to allow each to operate within its area of expertise.
One of the reasons for separating business operations into functional areas is to allow each to operate within its area of expertise.
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There are three key reasons why small business people say they can't delegate
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Balance Sheets
The balance sheet is an important tool that helps business owners report the financial position of their companies.
The balance sheet is an important tool that helps business owners report the financial position of their companies.
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Income Statements
Understanding how to create an income statement will help you plan the future of your business.
Understanding how to create an income statement will help you plan the future of your business.
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Introduction to Costs
Learning about different types of costs and how they affect your company’s bottom line can help you identify if you are spending money effectively.
Learning about different types of costs and how they affect your company’s bottom line can help you identify if you are spending money effectively.
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Controlling Costs
It is important to identify the types of costs you have and to analyze how you can control and reduce them.
It is important to identify the types of costs you have and to analyze how you can control and reduce them.
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Cash Flow Statement
A cash flow statement tells you where you spent money and from where you received income during a given time period.
A cash flow statement tells you where you spent money and from where you received income during a given time period.
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How to Finance your Business
A cash flow statement tells you where you spent money and from where you received income during a given time period.
A cash flow statement tells you where you spent money and from where you received income during a given time period.
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Profitability Ratios
Profitability is the ability of your company to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time.
Profitability is the ability of your company to generate earnings as compared to its expenses and other relevant costs incurred during a specific period of time.
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Ways to Avoid Lowering Price
Many small businesses find themselves feeling pressure to lower their prices.
Many small businesses find themselves feeling pressure to lower their prices.
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Tips on Effective Collection
You should have a formal process in place for when customers don't pay what they owe you.
You should have a formal process in place for when customers don't pay what they owe you.
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Financial Analysis
It’s essential to compare the financial statements of your company over two or more accounting periods.
It’s essential to compare the financial statements of your company over two or more accounting periods.
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Understanding Pricing
The price you charge your customer will have a direct impact on the success of your business.
The price you charge your customer will have a direct impact on the success of your business.
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How to Apply for a Loan
If you want to expand your business or make an important investment, a loan might be a viable financing option.
If you want to expand your business or make an important investment, a loan might be a viable financing option.
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Learn Prospects' Needs
Before you can sell anything to anyone, you must first understand what it is they need. Here are some ways to do that.
Before you can sell anything to anyone, you must first understand what it is they need. Here are some ways to do that.
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Create your Marketing Plan
Whether you're launching a new product or service or targeting a regional market, put all the pieces of your plan together with a big-picture mindset.
Whether you're launching a new product or service or targeting a regional market, put all the pieces of your plan together with a big-picture mindset.
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How Social Media Helps Market Your Business
Social media platforms can help you increase brand visibility, improve audience engagement, and generate leads.
Social media platforms can help you increase brand visibility, improve audience engagement, and generate leads.
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