FICCI FLO JKL organized an enlightening talk on ‘Mastering Finance for Business Success in Today’s Economy,’ led by our esteemed member from Srinagar, CA Samriti Kohli. The session was an initiative aimed at enhancing the financial literacy of our members and women students of our Young Women Affinity Group (YWAG) Institutions and empowering them with the knowledge necessary to thrive in the current business landscape.
The session covered a range of crucial financial topics, providing 100 attendees with practical insights and actionable advice:
1. Basic Financial Awareness: Speaker emphasized the importance of understanding key financial concepts and tools that are essential for informed decision-making. She provided a clear overview of fundamental financial principles, empowering business owners to navigate financial challenges with confidence.
2. Statutory Compliances: The session offered valuable guidance on legal and regulatory requirements that businesses must adhere to. Speaker highlighted the importance of staying compliant to avoid legal risks and ensure smooth business operations.
3. Insurance & Other Requirements: Attendees gained insights into the various types of insurance necessary for safeguarding their businesses. The discussion also included other essential requirements that can protect businesses from unforeseen challenges and liabilities.
4. Investments: The talk delved into smart investment strategies, helping members explore ways to grow their wealth and secure their businesses’ financial futures. Speaker provided practical tips on making informed investment decisions that align with long-term business goals.
5. Basic Book Keeping: The session concluded with an introduction to the fundamentals of bookkeeping. The speaker underscored the importance of maintaining accurate and transparent financial records, which are crucial for financial health and regulatory compliance.