The BIC Somali Cohort #1’s Incubation Training is making excellent progress at iRise Hub. Participants are actively engaged in various modules crucial for their business ideas’ success. Currently, in its second month, the training has covered two vital modules: Financial Management and Production Management. These topics have drawn considerable interest from the participants due to their significant relevance to their businesses.
In the Financial Management module, the training delved into several sub-topics, including cost classification, cost analysis, key financial indicators, cash flow forecasting, bookkeeping practices, cashbook management, funding sources, and crowdfunding. On the other hand, the Production Management module encompassed discussions on production systems and classification, layout analysis, production capacity, time indicators, maintenance, inventory management, production planning, and lean manufacturing.