BOTHO ACCOUNTING & FINANCE FACULTY TRAINS LOCAL VENDORS

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Botho Accounting & Finance Faculty Trains Local Vendors

By Lawrence Manyudza

On Saturday 21 September the Accounting and Finance Faculty at Botho University’s Gaborone campus held a training session for local vendors as part of a Corporate Social Responsibility (CSR) initiative. A number of enthusiastic small business owners were on hand for the vibrant training which began at 1000hrs. After diving into the appealing refreshments, the program for the day commenced with participants highlighting the major challenges they are encountering in their business activities. Of major concern was the failure to realize profits, limited capital base and financial exclusion. The training facilitators discovered that most of the participants possessed only a marginal knowledge of pricing their products and determining profitability.

The project is being facilitated by the Faculty of Accounting and Finance and is spearheaded by a committee of five passionate lecturers. It will see about 20 vendors being assisted in Bookkeeping, Business Communication, Business Plan Writing, Sales and Marketing for small businesses. Entrepreneurship is business so the owner of any business needs to be equipped with fundamental entrepreneurial skills. This project aims to augment the government initiatives to create supportive infrastructure for entrepreneurs in Botswana. Such support needs to be complemented by appropriate training so that the scarce funds are received by the beneficiaries with the right skills.

The faculty plans to undertake other projects in the near future in an effort to give back to the community.