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Start Your Business (SYB) training package

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Start Your Business (SYB) training package

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  1. Start Your Business (SYB) training package

  2. Session objective At the end of the session participants are able to • describe the objective, target group and components of the SYB training package • develop a strategy to market the SYB package

  3. Contents • What is SYB • History • Programme objectives • Target group • Components of SYB • Training delivery • Sri Lankan experiences

  4. What is SYB? • SYB is a business start up training package • SYB guides potential entrepreneurs on planning their business • SYB provides knowledge and skills to develop a Bankable Business Plan

  5. Program history • The programme has originated in early 90s an ILO technical cooperation project in Fiji embarked on the development of the “Start Your Business” (SYB)

  6. Objective of the SYB • The objective of the SYB training intervention is to enable potential entrepreneurs with concrete business idea to develop a bankable business plan

  7. Target Group • Potential entrepreneurs with concrete business idea or having operated an own business for less than a year • Entrepreneurs who want to start a new business • Ability to read and write • Ability to do the basic calculations • Technical knowledge/Skills • Wilingness to pay for the training

  8. SYB Training materials Contents • Components of Business plan • Marketing Plan • Forms of business • Staff • Legal responsibilities and insurance • Costing • Financial Planning • Start up capital • Action plan for finalizing business plan • SYB Manual • SYB Business Plan • Sectoral adaptation

  9. SYB training cycle Monitoring & Evaluation Marketing Selection Customers Follow-up Training Needs Analysis Training

  10. Practicalities • Total duration 40 hours/ 5 days • Max 20 participants • Each participants should be provided with SYB manual and 2 business plan booklets • Linkage with financial and technical service providers

  11. StandardIYB training timetable Standard SYB time table

  12. Thank you