Have business plans to achieve goals: Women in SMEs told

WOMEN involved in small-medium enterprises (SMEs) have been told to have a business plan to achieve their goals.
The Academy for Women Entrepreneurs (AWE), a United States government programme founded at the Arizona University, was set up in the country last year to empower PNG women to be economically independent in their businesses.
Last year, 31 women completed the programme’s Dream Builder course going through its 13 modules.
US Embassy official Matilda Kapipi said many people in Papua New Guinea were involved in the informal sector but they had no business plan to manage their businesses.
“It is the blueprint of a business that will see where it’s heading and how it should go about achieving its goals,” she said.
“Most businesses in the informal sector are not registered and not paying taxes that’s why they don’t have a clear blueprint (business plan) for their business for today, tomorrow and in the long run.
“Business are scatted in terms of business management.
“A business plan will help businesses set their goals and have an idea about their profit and expenditure.
“The course will give women focus on how to manage their own businesses.”
AWE facilitator Mary Handen told participants that as part of their business plans, setting goals was also important.