Setting Financial Priorities

Business owners are required to secure themselves and their assets in case of rainy days. Investing money in lucrative businesses is one area you, as a business owner, could look into in order to ensure business growth. To invest, it is essential to save a part of our earnings. To be able to save money, you must be able to set priorities right, these priorities would be based on what we classify as needs and those we classify as wants. Making payments requires sending money, in order words to achieve one effectively, all must be understood. This course is designed to ensure that all interconnected elements are understood properly to ensure long term business growth.

About this course

This course is designed to equip you with essential savings strategies and financial habits for a secure and prosperous future. It begins with a comprehensive introduction to the principles of savings, emphasizing their critical role in personal and business finance.

You’ll explore the impact of distinguishing between needs and wants on financial decision-making and learn strategies for managing them effectively. The course also covers various methods for sending money and making payments, providing you with a broad understanding of financial transactions in today’s digital age.

A significant focus is placed on investing, where you'll gain foundational knowledge to make informed investment choices and grow your wealth strategically. By integrating these key elements—savings, expenditure management, and investment—this course prepares you to build a solid financial foundation and make sound decisions for long-term success.

With practical insights, quizzes, and actionable advice, this course empowers you to cultivate effective financial habits, enhance your financial literacy, and take control of your financial future.

Facilitator

GIZ

Skill Level

Basic

No of Modules

Certificate

Yes

Course Curriculum

No chapter found in this course

Course Benefits

Unlock the Value: How This Course Empowers Your Business

Understanding Saving

Understand the concept of saving and the benefits of good saving habits in ensuring future business and individual success.

Understanding Expenses

How to determine your needs and separate them from your wants to avoid unnecessary expenses.

Identify and Avoid Scams

How to invest in lucrative businesses and avoid getting scammed. Happy Learning!

GIZ

For more than 30 years, capacity development has been one of the key services delivered by GIZ. Around the globe, we advise people and organizations on learning and change processes. GIZ supports people in acquiring specialist knowledge, skills, and management expertise. We help organizations, public authorities and private businesses to optimize their organizational, managerial and production processes. And, of course, we advise governments on how to achieve objectives and implement nationwide change processes by incorporating them into legislation and strategies.

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The Nigerian Export Academy (NEXA) is the official digital learning platform for all current and potential exporters in Nigeria and indeed across Africa. Learn about export, from anywhere, on any device, at any time — no boundaries.

NEXIM House, Plot 975 Cadastral Zone A0, Central Business District, Abuja, Nigeria

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