Turkmenistan

EBRD launches next free training model for entrepreneurs

The European Bank for Reconstruction and Development (EBRD) ‘s free learning platform “Academy of Know-How” has launched the third module of its online training and advisory program for entrepreneurs. The module was a response to the new complexities associated with the consequences of the global pandemic.

Here some details:

Module 3 “A crisis-management: Financing firms ”

In the module “Crisis Management: Fundamentals of Financial Management”, you learned about cash forecasting, ways to manage money in your business and outside it.

In this module, you will learn about financing your business in a crisis.

Having sufficient financial resources to run your business is always essential and will become even more critical in a crisis situation when business continuity is at stake. This module will equip you with the skills and know-how to help you understand which form of financing is right for your business, how to apply for it, and how to make smart choices when faced with critical financial decisions.

By the end of the module, you will knowhow to solve a number of key tasks and answers to the following questions:

Am I using the right outside funding source for my business?

We will look at the types of external financing, their main purpose and how they work.

How do I know if credit is affordable and reasonable for my business?

We will show you how to structure a loan – calculate the cost of financing, the rate of return on your investment and a manageable repayment schedule

Where to go to find finances?

We will guide you through the selection of suppliers and products

How do I apply for structured financing from a service provider?

We will help you prepare an application and evaluate proposals

How can I avoid or solve critical financial problems?

We’ll look at a range of solutions, including funding denials and payment difficulties

* * *

If you are already a registered user, to access the new module, click on the “view available modules” button on the main panel and scroll down to section “III”. www.ebrdknowhowacademy.com

To access for the first time, please register. To access the Know-How Academy:

For computers / laptops: click on the link www.ebrdknowhowacademy.com

For mobile: download the “Go Learn” app and paste the URL: www.ebrdknowhowacademy.com on the setup screen when prompted.

/// nCa, 7 August 2020 (in cooperation with the EBRD – Turkmenistan)

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