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Coastal caregivers trained to manage businesses, protect profits and grow livelihoods

By GhanaSummary Newsroom1 min read
Coastal caregivers trained to manage businesses, protect profits and grow livelihoods

The training focused on some of the everyday challenges caregivers encounter in running small businesses, including understanding business costs, calculating profit and loss, keeping records, managing capital, setting prices, handling credit, customer service, product quality and storage, savings, marketing, diversification and the use of mobile money and digital tools.

Caregivers were therefore encouraged to apply the lessons from the training beyond the classroom and make business record-keeping and financial planning part of their daily routines.

One of the strongest messages from the training was the distinction between cash received from sales and actual business profit.

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