INVEST


Financial and forecasting models for entrepreneurs

Oct.2016 - Sept.2018 | Erasmus+ | KA2 | Strategic Partnership| Project n. 2016-1-MT01-KA202-015208

AIM:

The project aims to create  to educate unexperienced young micro-entrepreneurs to make responsible economic, financial and investment choices in function of their business growth plans and development perspectives, taking into consideration the current financial-economic availability.

The project seeks to boost the financial literacy in micro-enterprises in order to help them remain stable in the market, foster local economies and support further employability. After the training, micro-entrepreneurs will be able to manage their businesses responsibly, planning current and future investment, as well as making accurate economic and financial choices through rational forecasts based on genuine cost/benefit analysis.

In particular, the purpose of the project is to provide a flexible, self-learning, but also customized training model to support micro-entrepreneurs, especially those pertaining to generation Y (those aged 18-34), to assist in their financial and investment choices, not only for business but also for personal finance.

OBJECTIVES:

  • to develop a training model addressing the main topic of the financial literacy to boost entrepreneurs capacity of undertake responsible financial choices
  • to elaborate training contents adapted on the needs of the target group and available online translated in all consortium languages, free to use
  • to create tools, instruments needed to develop financial competences through the use of edutainment methodology
  • to foster transparency and recognition tools
  • to take into consideration ECVET in order to ensure transfer of competences, transparency of learning outcomes and clearness for the learner

RESULTS

  • Information asymmetries between financial institutions and businesses concerning the knowledge level of financial products purchasing and selling processes, financial risks and funding opportunities
  • Strong long-term and trusting relationships between companies and financial institutions through a better financial culture level acquired by the entrepreneurs
  • Provision of methodologies, techniques, practices and tools related to the provision of financial education training pathways
  • Helping young and unexperienced entrepreneurs improving the financial-economic forecasts concerning their businesses in relation to their actual needs and future desires and aspirations
  • Supporting entrepreneurs a strong financial culture helping them to reduce the risks related to investments in financial products, also in relation to their choices as financial products consumers
  • Providing qualification pathways, with particular reference to ex-ante, ongoing and ex-post competence assessment processes and the integration of informal and non-formal dimensions, establishing process and product standards
WEBSITE:
www.investproject.eu
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