Effective Business Management Workshop in Nicosia

Program Date

22 Jul 26 Jul 2024

Program Location

Nicosia, Cyprus

Program Venue

Cleopatra Hotel

Registration & Payment Deadline

31 May 2024

Program Overview

In today’s dynamic business environment, understanding the ins and outs of running a business is as crucial for success as starting the business itself. Many firms are realizing that only the desire to have a successful organization is no longer sufficient for contemporary demanding world. 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 an extensive Effective Business Management workshop in which, through the use of case studies and hands-on project examples, program participants will acquire practical understanding of how triumph can be realized and how can things go wrong depending on the manner of business management.

Target Audience

Effective Business Management Workshop in Nicosia, Cyprus is the best suit for:

  • 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 Objectives

Upon the successful completion of this intensive training course, the participants will be 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 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

Effective Business Management Workshop in Nicosia, Cyprus will be led through employing a well-balanced combination of theoretical instruction and practical activities. The presenter will apply contemporary adult learning techniques including open presentation, group assignments, simulation games, case studies, panel discussions and video demonstrations.

Program Fee

Payment Options

Fee Covers

  • Visa Assistance (complimentary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report