Financial Literacy Workshops for Senior Secondary School Students
St. Lucia
The Ministry of Commerce, Manufacturing, Business Development, Cooperatives, and Consumer Affairs, in collaboration with the Saint Lucia Hospitality and Tourism Association (SLHTA), is hosting two workshops on financial literacy and entrepreneurship for senior secondary school students from Forms 4 and 5.
Workshops Overview
The workshops, entitled "Know Your Numbers through the Micro Business Game (MBG)", are designed to help participants track and document their business finances as they play an interactive board game, simulating managing a small business. This initiative aims to enhance understanding of financial management as an essential part of effective business practices while fostering decision-making. Additionally, the workshops serve as complementary activities to the Ministry’s annual summer internship programme, the SBDC Young Entrepreneurs in Action (SBDC YEA!).
Topics Covered
- Knowledge of the board-based business simulation, Micro Business Games, and its components.
- Entrepreneurial skills relevant to Micro and Small Businesses and Startups.
- Basic record-keeping skills and the application of financial tools.
- Market dynamics and competition.
- Interface between financial institutions and customers, along with an analysis of implications.
Participating Schools
Ten (10) students from six (6) secondary schools will participate in this initiative. The schools are:
- District II schools on Tuesday, November 5, 2024:
- Patricia D. James Secondary School
- Sir Ira Simmons Secondary School
- Castries Comprehensive Secondary School
- District III schools on Thursday, November 14, 2024:
- Leon Hess Comprehensive Secondary School
- St. Joseph’s Convent Secondary School
- Entrepot Secondary School
Workshop Schedule
The workshops will be held at the Cultural Development Foundation (CDF) Conference Room on Barnard’s Hill, from 9:00 a.m. to 2:00 p.m. each day.
Contact Information
For further information on this activity, please contact:
Mrs. Roycelyn St. Hill Howell, Business Development Officer, Small Business Development Centre at 468-4267 or 285-4789
Mr. Jonathan Allain, Director, Small Business Development Centre at 468-4220 or 285-3761
Conclusion
The Ministry of Commerce hopes to repeat this activity in the south of the island next year, and we look forward to working with the students and schools to promote financial literacy and entrepreneurship among the next generation of business leaders.
Frequently Asked Questions (FAQs)
- What is the purpose of the workshops?
The workshops aim to enhance understanding of financial management as an essential part of effective business practices while fostering decision-making. - Who can participate in the workshops?
Ten (10) students from six (6) secondary schools will participate in this initiative. - What are the topics covered in the workshops?
The workshops cover knowledge of the board-based business simulation, entrepreneurial skills, basic record-keeping skills, market dynamics, and interface between financial institutions and customers.
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