ISSUE JOURNAL OF THE PROJECT PERIODICAL B-CAPP · THE 2nd TRANSNATIONAL MEETING THE CONTENT OF THE...
Transcript of ISSUE JOURNAL OF THE PROJECT PERIODICAL B-CAPP · THE 2nd TRANSNATIONAL MEETING THE CONTENT OF THE...
THE PROJECT.........
Start-up companies are an
essential part of European
Commission priorities for the
attainment of a sustainable and
durable European economic
growth. Specifically, they will
have a leading role in the
European Digital single market
as underlined in the “Start-ups
and the Digital Single Market
final report”. However, most
e n t r e p r e n e u r s l a c k t h e
knowledge and skills required to
effectively develop and manage
their company.............................
The B-Capp project will develop
an open, all-inclusive training
program for financial planning/
managemen t o f s ta r t -ups
comprising the smart use of
Information and Communication
Technology (ICT) to reduce the
operating costs and cross border
bus iness ac t i v i t y l ead ing
to increase competitiveness and
result to less business failures.
After the completion of training,
all participants in B-CAPP will be
able to retain and improve their
knowledge and skills, acquire
new high-quality skills and
continue their personal and
professional development by
implementing the recommended
strategies.
The 2nd B-CAPP Transnational Meeting
took place in Rijeka, Croatia, on the 20th
of June 2018! Hosted by the PAR
Business School, the meeting went
through over a dense agenda, covering
all the main aspects of the project, with
detailed presentations and stimulating
brainstorming sessions. Firstly, the
partners wrapped-up the work carried
out to the date on the first Intellectual
Output, namely the development of the
Financial Check Training Course.
Comprehensive sets of actions per
financial concepts (e.g. start-up and
entrepreneurial finance, modes of
financing, etc.) and ICT processes
(e.g. digital invoicing, cash flow tools)
has beenwere identified in the first
phase, and will form the contents of
FCT Course, which is going to be
finalised by this fall.
THE 2nd TRANSNATIONAL MEETING
this issueTHE PROJECT
THE 2nd TRANSNATIONAL MEETING
THE CONTENT OF THE MODULES
INTRODUCING THE GENIE
THE PARTNERS
02ISSUE
B-CAPPPERIODICAL
JOURNAL OF
THE PROJECT
««
««
As a final stage for this output, an
ECVET profile will be developed,
d e s c r i b i n g t h e k n o w l e d g e ,
skills and competences that the course
is going to deliver and thus outlining its
didactic framework. Consequently,
plans and deadlines have been set for
the following tasks to be implemented.
Updates on Dissemination activities,
Quality Management and Administrative
ove rv iews have fo l l owed , w i th
presentations delivered by each
responsible partner. With mutual
satisfaction and renovated motivation,
the partners set the date for the 3rd
meeting, which is going to be hosted
by Eurocrea Merchant in Milan the 4th
of October 2018!
www.bcapp.eu
«
This programme has been funded with support from the European Commission
THE CONTENT OF THE MODULES
What to expect in the coming months? ............What to expect in the
c o m i n g m o n t h s ?
The Financial Check
Tr a i n i n g C o u r s e i s
going to be finalised and
reviewed by all partners,
giving then green light to
the translations in all the
d i f f e r e n t p a r t n e r s '
l anguages : F rench ,
G r e e k , C r o a t i a n ,
Spanish, Romanian and
I ta l ian . The ECVET
profile will then describe
the set of knowledge,
skills and competences
which the course will
deliver, adding relevant
tools for the validation,
r e c o g n i t i o n a n d
transferabil ity of the
curriculum developed by
the project. The 3rd
m e e t i n g i n M i l a n ,
scheduled for the 4th
of October, will pave the
way for the activities of
...........................IO2!
www.bcapp.euTHE PARTNERS
The nine modules for the Financial Check Training Course originate from financial concepts, ICT processes and tools to be supportedsupport the covered material. For each module, 7 relevant actions has have been identified and descripteddescribed, providing specific content that will support their implementation ("Action Cards"). In particular, the actions have been categorized according to their type (in terms of pre-requisites and investments to be made), time required to implement the action and associated costs (when possible), positive and negative aspects, estimated exploitation, English language skills required and webshop level.The nine modules focus on the following topics:1) Start-up and Entrepreneurial Finance; ........................................................................................2) Cash flow management & Basic accounting concepts; .....................................................................3) Modes of financing and investment tools; .....................................................................................4) Entrepreneurial mind-set & skills;..............................................................................................5) Cash flow tools;..............................................................................................6) eProcurement;.................................................................................................................................7) eInvoicing;.....................................................................................................................................8) Virtual Marketplaces;..............................................................................................9) eCommerce. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Many references on barriers for start-ups can be found with a simple Google search. Therefore, the objective of this program is to empower entrepreneurs with the financial management skills and knowledge required in order to help them run and manage their businesses successfully and effectively. As lack of financial knowledge on managing a business is considered to be one of the main reasons of business failure, this program will address this gap so that it can contribute to reducing the rate of entrepreneurial failures. This however is only one aspect of overall financial management. It needs to be complemented by smart use of ICT and not addressed in isolation. The project complements financial management with the adoption of supporting ICT tools and processes, as we have seen in the last years that more digital SMEs incurred a lesser decrease in turn over. The innovative feature of the project stays is, indeed, in the ICT potential to be applied on financial management, sales and business development of a start-up, a field which is surprisingly poor of initiatives.
INTRODUCING THE GENIE
Intellectual Output 2 will deliver the Financial Strategy Genie, an innovative digital tool developing personalized training pathways for the B-CAPP users. A first example of the Genie has been showed was presented during the Rijeka meeting, so that all partners can have a clear overview of the main structure that will be developed. ..............................................................................................But how it is going to work? The Genie will mainly operate in two stages:..........................................1. Testing the initial knowledge and awareness of start-ups about core financial concepts and proven ICT practices;..............................................................................................2. Processing the information gathered in order to develop personalized training plans structured in different phases...............................................................................................
Special focus will be placed on the interactivity of the tool, which is set to be a key ingredient to engage with users, stimulating their interest and motivation. The actions proposed by the Genie on the bas is o f the tes t 's resu l ts w i l l fa l l in to one of the fo l lowing categor ies :- Simple actions that can be implemented immediately without requiring an investment ("Quick wins");- Simple actions that can be implemented immediately, but require an investment;- Actions that have prerequisites (other actions need to be implemented first), but require no inves tmen t ; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .- Actions that have prerequisites and require an investment...............................................................Additional filters will be defined according to the type of actions identified in the FCT Course, particularly regarding ICT competences, English language skills and national/international level of implementation.