Financial Management is main driving key to run a successful business: Speakers

Lahore, May 21, 2018 (PPI-OT): Financial Management is the main driving key to run a successful business. It was unanimously observed by the speakers while addressing a seminar organized by the Small and Medium Enterprises Development Authority (SMEDA) for women entrepreneurs at Federation of Pakistan Chamber of Commerce and Industry’s regional Office on “Accounting and Finance Challenges faced by Business Start-ups”.

The Corporate General Solutions (CGS) and the FPCCI were the supporting partners of SMEDA in organizing this seminar, which was addressed by Fiza Imran, Executive Director CGS, Mr. Azmat Javed, Member FPCCI and Ms. Tania Buttar, Deputy General Manager SMEDA. The women interested to become entrepreneurs attended the seminar in large number from Kinnaird College, Jamia Naeemia and number of the other institutions. Representatives of Women Chamber of Commerce and Industry, Womnex, Handicrafts Association, and FPCCI were also present on this occasion.

Ms. Fiza Imran, speaking as the key speaker, said that financial management affects every aspect, from managing cash flow and tracking business performance to developing the plans that ensure successful exploration of the business opportunities. The right financial capabilities remain vital throughout the life of a business, whether it is a new startup or an established business, she added and apprised the participants about the ways to handle Registration process, financial models, tax matters and the book keeping.

The renowned young businessman Mr. Azmat Javaid, while sharing his experience of doing business, told that the skill to manage accounts and finance can save a business from unexpected financial losses. He said that financial management needs of an entrepreneur continually evolve with growth of a business. He appreciated SMEDA for holding a training and awareness seminar to enhance financial capabilities of women entrepreneurs. Ms. Tania Buttar, DGM and Head Women Entrepreneurship Department, in her address of welcome, informed that the government as well as top management of SMEDA was committed to enhance economic empowerment of women in the SME sector.

Meanwhile, CEO SMEDA Mr. Sher Ayub, in a press statement, has assured to expedite the efforts for women empowerment in the country through SME development programs. He said that SMEDA was busy to organize business awareness and development workshops across the country to promote the women-based business startups as well as the businesses already being run by the women entrepreneurs. He observed that with the continued efforts of SMEDA, the number of women entrepreneurs were increasing day by day and SMEDA would also go to the gross root level to encourage women entrepreneurship in the less developed cities of Pakistan.

For more information, contact:
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No.3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7

Leave a Reply