Effective Business Management Workshop in Nicosia, Cyprus

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Program Introduction

In today’s dynamic business environment, understanding the ins and outs of running a business is as crucial for running the business successfully as starting the business itself. Many firms are realizing that only the desire to have a successful organization is no longer sufficient in today’s extremely dynamic and demanding environment.

In the past, it was not very necessary for most employees to understand how their organizations operated. They were used to do what they were told to do and how to do it, with little regard for their improvement ideas, feelings about the workplace or comprehension of the organization as a whole. Today, with the rise of participatory management, employee empowerment and career planning, all employees, regardless of authority or responsibility, need to understand how organizations operate. This helps employees approach their jobs with more knowledge, dedication, motivation and interest, knowing that they contribute positively to the success of the organization.

Acknowledging this fact, Risalat Consultants International has designed a comprehensive five day workshop in Valetta, Malta in which, through the use of case studies and hands-on project examples, program participants will get a practical understanding of how triumph can be realized and how can things go wrong depending on how a business is managed.

After attending this program, participants will be better able to:

  • Discuss the concepts and skills that a supervisor needs in their daily responsibilities including: managerial concepts, how to plan, organize and control, the daily activities and responsibilities assigned to them and through them to their subordinates.
  • Maintain and understand accounting procedures, preparing financial statements and understand the various principles of business finance.
  • Plan marketing strategies, focusing on the product’s qualities, market conditions and customer demands.
  • Describe the principal requirements of sales management, including the recruiting, selecting, and training of sales people, prospecting for clients, planning, and developing a sales strategy.
  • Understand the legal aspects of running a successful business.
  • Understand the capabilities and functions of custom business software and how they can help in business success.
Program Attendees

The workshop is designed for both private and public sector organizations

  • Program Officers, Project Managers, Supervisors, Line Managers, and Project Directors
  • Anyone new to or currently involved in running a business – alone or in partnership with someone else – who wants an effective understanding of its principles and concepts
Program Contents

Learning the Basics

  • Characteristics of a successful businessman
  • Skills necessary to operate a business

Business Planning

  • Getting ready for the planning process
  • Writing the Business Plan

Government Regulations

  • Business Licenses, Fictitious Name Filing
  • Workers Compensation
  • Employee Screening Procedures
  • Workplace Programs
  • Safety and Health Regulations,
  • Hazardous Substance Compliance

People and Your Business

  • Employees
  • Independent Contractors
  • Outside Advisors

Legal Aspects of the Business

  • Legal Forms of Business
  • Sole Proprietorships, Partnerships, Corporations
  • Copyrights, Trademarks and Patents

Marketing and Advertising

  • Four “P’s” of Marketing
  • Pricing your Product or Service
  • Choosing a Location
  • Promotion
  • Home Office and Small Office Marketing
  • Financing Basics
  • Financing Options
  • Use of Funds, Application for Funds

Risk Management

  • Why you need Insurance
  • Types of Insurance

Record Keeping – Accounting

  • Types of Records and Retention Periods
  • Accounting
  • Different Business Accounting Programs – Overview

Financial Statements

  • Sales Forecast, Profit and Loss (Income) Statement
  • Balance Sheet, Cash Flow, Break-Even Analysis
  • Personal Financial Statement

Business Taxes

  • Different Types of Taxes
  • Overview of Returns and Payments, Due Dates

Technology Uses

  • Utilizing the Computer for the Business
  • Choosing the Right Software
  • The Internet and your Business


  • Overview of the Franchising System
  • Part I – Evaluating a Franchise
  • Advantages/Disadvantages of Franchising
  • Part II – Franchising an Existing Business

Exporting and Importing

  • Planning, Preparation, Process, Financing
Program Methodology

The training methodology used is designed to encourage maximum participation by all delegates. The presenter will suggest ideas and theories to the delegates and then encourage them to test out the ideas by the use of discussion, small group work, exercises and feedback. Each day of the seminar will end by delegates completing their own record of what has been learned on the day and considering how the ideas might help them to be better Business Managers after this program.

Registration Information

Program Dates: 25 – 29 November 2019

Registration Closes on: 30 September 2019

Venue: Cleopatra Hotel

Program Fee: $3450

Fee Covers:

Register Online  

Online Payment via PayPal

If you got a question, email us to: or  

Skype: risalatconsultantsint | Call/Viber/WhatsApp: +995 555 11 66 22 or +995 555 71 33 11

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