2ND TRAINING - DAY 2

The second day of SEED training was very eventful. Everyone was ready to work. At the beginning of the meeting the schedule of the day was presented. Our trainer Shemsedin together with Boris explained what a business plan is, and why it is so relevant to have it. He showed 6 steps to making financial projections for a new business. We had a discussion about it. We were presented the important information about the issues for establishing business. The slides showed common mistakes which people should avoid while creating a business plan and lots of more useful ideas. We also discussed the composition of the business plan. Later we were grouped and did an Urban Farm exercise. The purpose of the task was that we had to transfer the numbers from the Urban Farm business plan onto the Excel sheet. At first the task seemed to be quite challenging, but later working in teams, we managed to accomplish it successfully. Finally, we all disputed on the task and talked about our mistakes.

Goda, Saulė, Gabija