Training gives insight into SME operations

MOST people in East Sepik still need to be educated on how to run small and medium enterprises (SMEs), a SME training facilitator says.
Morris Sokondai of Rubia Training and Consultancy Services, said this after running a week-long SME training in Wewak recently, aimed at training people on how to effectively engage in SME businesses.
“The training, which involves six public servants and 30 others, was aimed at instilling knowledge that will enable them and their families to become economically sustainable and be successful in their little businesses,” Sokondai said.
He said the Government had put money into banks for people to access to venture into SMEs, but it did not provide training for the people on how to access those funds and how well they could plan their businesses.
“Many also could not access those funds as there are strict guidelines attached that they could not meet,” Sokondai said.
“Through this training, it has opened up minds for people to start planning on how they can access those funds and how to use it effectively.”
He said East Sepik had many opportunities that its people could utilise to become successful in SMEs but many lacked the knowledge to start.
The training saw participants taken through financial literacy, business and financial planning, loan proposal, different forms of business licenses and the three types of accounts.
Participant and Wewak Police Station commander James Baugen said the training was an eye opener and had provided the guides for one to become successful in SME.
“This training needs to be carried out into the six districts of this province who are in need of it,” Baugen said.