Introduction To Basic Finances For Micro Start-up Entrepreneurs

1. Introduction

Welcome to the Higher Certificate in Entrepreneurship programme. As part of your studies, you are required to study and successfully complete a course on the Basic Finances for Start-Up Micro Entrepreneurs.

2. Module Overview

The module aims to enable the student to have a complete and thorough understanding of that the financial needs are for starting up and running a business. It is aimed to broaden the knowledge base of first-time as well as micro-entrepreneurs.

3. Aim of the Module

  • Estimating the financial needs of a start-up business with regards to calculating the salary of the entrepreneur
  • Determine the start-up costs required
  • Determine the fixed costs that need to be every month
  • Understand how to draw up a sales forecast
  • Understand how selling prices are determined
  • Know which institutions offers assistance to entrepreneurs in South Africa
  • Apply the break-even analysis
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